Story image

Xero named in the top 3 for highest growth tech exporters

21 Oct 16

Xero has been named as one of New Zealand’s highest growth technology exporters by the Technology Investment Network (TIN).

The company has also placed third on the the EY Ten Companies to Watch list, which is made up of the highest dollar value growth companies in the TIN100 Report.

For the financial year, Xero’s operating revenue increased 67%, from $123.9 million to $207.1 million and in the same period, Xero’s customer base grew from 475,000 users globally to 717,000.

This year, Xero has also helped the Wellington region nearly double its revenue growth percentage.

The Wellington-based companies monitored by TIN generated over $1.9 billion revenue in the Wellington region (15.3% growth) and created more than 1,500 jobs.

Xero alone is looking to add more than 50 highly skilled product development jobs in Wellington to its 800 staff in New Zealand before the end of the year.

Overall, Xero was revealed as the fifth-highest revenue earner of all the companies that the TIN100 Report monitors.

Rod Drury, CEO of Xero, says that as one of the fastest growing global cloud accounting companies in the world, Xero has proven you can build a truly global business from New Zealand.

“With more than 717,000 subscribers and rapid product innovation, Xero is well placed to outpace its competitors and achieve its goal of reaching $1b revenue."​

Wine firm uses AR to tell its story right on the bottle
A Central Otago wine company is using augmented reality (AR) and a ‘digital first’ strategy to change the way it builds its brand and engages with customers.
DigiCert conquers Google's distrust of Symantec certs
“This could have been an extremely disruptive event to online commerce," comments DigiCert CEO John Merrill. 
Protecting organisations against internal fraud
Most companies tend to take a basic approach that focuses on numbers and compliance, without much room for grey areas or negotiation.
Telesmart to deliver Cloud Calling for Microsoft Teams
The integration will allow Telesmart’s Cloud Calling for Microsoft Teams to natively enable external voice connectivity from within Teams collaborative workflow environment.
Jade Software & Ambit take chatbots to next level of AI
“Conversation Agents present a huge opportunity to increase customer and employee engagement in a cost-effective manner."
52mil users affected by Google+’s second data breach
Google+ APIs will be shut down within the next 90 days, and the consumer platform will be disabled in April 2019 instead of August 2019 as originally planned.
GirlBoss wins 2018 YES Emerging Alumni of the Year Award
The people have spoken – GirlBoss CEO and founder Alexia Hilbertidou has been crowned this year’s Young Enterprise Scheme (YES) Emerging Alumni of the Year.
SingleSource scores R&D grant to explore digital identity over blockchain
Callaghan Innovation has awarded a $318,000 R&D grant to Auckland-based firm SingleSource, a company that applies risk scoring to digital identity.