7 Nov 2014

Xero acquisition to speed up US rollout

7:27 am on 7 November 2014

Xero says its newly acquired online payroll company will give it 100 percent coverage of the critical United States market, two or three times faster than it would have been able to do on its own.

The accounting software company has bought Seattle-based Monchilla for a mix or cash and shares worth about $US8 million.

Xero chief executive Rod Drury said Monchilla had already been working with Xero for about a year

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