Xero CEO Rod Drury banks company's future on investments | ZDNet
Summary
Speaking to ZDNet during Xerocon 2015, Drury said given that the company is sitting on nearly a quarter of a billion dollars of capital funding, he reckons Xero has plenty of time to focus on making new investments. Xero secured a large chunk of its capital in February from Silicon Valley-based Accel Partners that agreed to invest NZ$132.9 million. Our board said a couple of years ago: Our market is going to get a bit shaky in the future, so make sure you get a lot of gas in the tank. Drury believes this number will now grow even more with its latest partnership with US-based online business management software MindBody, which has 45,000 customers. Drury reckons the reason why Xero is trumping its competitors is because its transparent about customer numbers -- an important benchmark, he says, for anyone in the accounting market.
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