The deal is expected to close in the quarter ending December 31, Xero’s FY 2025 third quarter. Xero will continue to offer Syft as a stand-along product and over time will embed its functionality in Xero over time and will be used to accelerate the company’s reporting and analytics offerings in Australia, the United Kingdom, the United States and its other markets. Headquartered in Johannesburg, S.A., Sft employs 70 individuals who will join Xero. Syft can earn another $30 million based on its performance.
Estimated reading time: 0 minutes, 33 seconds
XERO BUYING SYFT Featured
Xero plans to acquire Syft, which makes reporting, insights and analytics tools for accountants, bookkeepers and small businesses, for $40 million.
Most Read
-
-
May 22 2017
-
Written by mark
The last year has been one of change—the cloud has…
-
-
-
May 19 2021
-
Written by BobWScott
Just what kind of year has it been for the…
-
-
-
May 22 2017
-
Written by BobWScott
The last year has been one of change—the cloud has…
-
-
-
May 25 2016
-
Written by mark
Annual Report: 2016 BSI Top 100 VARs The web has…
-