It kicked out Peter Karpas as CEO of its North American operations in September after only seven months on the job. A second-hand report has Xero CEO Rod Drury saying it might need to "pull the bandages off" the wounds here. After those events, Xero gave me a statement insisting everything is going well and that it will be able to continue with plans for an initial public offering in this country by the time its year ends on March 31. I'm not the only one that sees an offering as unlikely with an unstable management situation on this continent.
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XERO PLANS 2015 SHOW Featured
Xero held its first Xerocon North America in the fall of 2013 and then decided to skip the event this year. But this week, the New Zealand-based cloud accounting software vendor said it will have the second event in early June in Denver next year. Whatever the exact date, Xero is obviously regrouping in this country and needs to reassert some kind of message in the market in the United States.
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