Fast growing Xero passes 200,000 milestone

Xerocon 2013

Xerocon 2013

New Zealand accounting software champion Xero says it now has  200,000 paying customers. The number has doubled in the past 13 months and the company has grown 400 percent in a little under two years.

The milestone was announced, appropriately, at the Xerocon conference in Sydney, Australia. Much of the recent growth in the company’s sales has come from Australia with a total of 75,000 customers in that country up from 51,000 in March. Xero now has 90 staff in Australia.

This week’s Xerocon event emphasises the company’s rapid growth. It is being attended by more than 800 people and there are 53 exhibitors.

Australian Managing Director Chris Ridd says he anticipates even greater growth across the Tasman with the company’s first advertising campaign about to begin.