CEO Rod Drury said the New Zealand business has grown to a run rate of about $16.5 million (at current exchange rates). With the company having recently closed a $150 million round of funding, we can probably expect the creation of more management positions and expansion of facilities in other countries.
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XERO SEEKS NEW ZEALAND EXEC Featured
Low-cost accounting software vendor Xero made moves this week that reflect its rapid growth this year. The Wellington, New Zealand-based company says it has expanded into a third building in its home city where more than 250 of its more than 600 employees work. Xero is also looking to fill the new position of managing director for New Zealand. The expected new hire will also be a member of Xero's global sales team. In announcing the new position,
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