Xero to open new Canberra office in Aussie expansion

Growing company will hire developers in the second half of 2014

Xero Australia managing director Chris Ridd.

Xero Australia managing director Chris Ridd.

Cloud software company, Xero, is set to expand its presence in Australia with a new office in Canberra and the hiring of additional staff.

The expansion comes as the company passes the $NZ100m in annualised revenue for the first time after it recorded monthly recurring subscription revenues of $NZ8.6 million in May.

Full year operating revenue to March 2014 was $NZ70.1m. Xero chief executive, Rod Drury, said passing the $NZ100m annualised revenue mark was a huge milestone for any tech company.

"We’re so proud to have got there so quickly”. It now has 120,000 Australian customers and more than 50,000 in the UK. In Australia, it has 144 staff across five offices.

According to a company statement, a number of developer roles will be opening up in the new Canberra office in the second half of 2014. "During a time when many public sector jobs are under threat in the ACT following this year’s Federal Budget, Xero is committed to creating employment opportunities in our nation’s capital," the statement said.

Xero Australia managing director, Chris Ridd, said the company could see value in investing in ACT Partners and customers, and continuing to grow our presence in the region. “We are dedicated to providing localised support across Australian business hubs, such as the ACT, that have shown a real eagerness to adopt cloud based accounting software,” he said. Xero’s new office at 10 Rudd Street, Canberra, will open on June 16.

Read More:

Sponsored Content: Collaboration has become the new movement in IT. Servers will become an integral part of this industry transition. Click here to learn more.

Join the ARN newsletter!

Error: Please check your email address.

Tags chris riddrod druryXero chief executiveXero Australia managing director

More about ACT

 

Latest News

09:58AM
Marriott CIO: FCC message on WiFi blocking loud and clear
03:23AM
Microsoft to business: Don't worry about Windows 10, consumers will test it
Jan 31
Outlook app for Android and iOS boosts Microsoft's mobile comeback
Jan 31
MIT randomizes tasks to speed massive multicore processors
More News
23 Feb
Live Streaming Technology
05 May
CeBIT Australia 2015
27 May
World Business Forum Sydney
View all events