Prime Blog

June 2014

Xero hits $100m milestone

Xero, the leading global cloud accounts system for owner managed businesses, has just hit another milestone with annualised recurring revenue reaching 100 million New Zealand dollars. See their blog here.

Prime began its relationship with Xero back in 2009 and now supports nearly 300 clients in their daily use of it as well as using it as part of its outsourced accounting service – Virtual Accounts Office.

This milestone is another acknowledgement of Xero’s very strong and successful growth in this sector which is also reflected in the following statistics taken from their May 2014 Investor briefing: