33% Growth in 50 Days

By Ben Kepes on February 18, 2009

I’ll post more about this later but I just wanted to share the just-announced fact that Xero has added 1000 customers in the past 50 days. Bear in mind that their previous base was 3000 customers.

CEO Rod Drury said that;

Xero attributes part of its acceleration this year to two main factors:

• In the current climate, Xero software allows businesses to see and focus on their daily cashflow;
and
• In the New Zealand market the ‘word of mouth’ effect is happening.

We are well-positioned to be the global accounting system of choice
for small business – that and our SaaS business model has now been
validated. We’re still a young company and we’re extremely excited
about the next phase of Xero as we beef up our sales and marketing.

I’ve been critical of Xero in the past but this time I give my unreserved congratulations – a 33% increase is a staggering achievement – well done guys.

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Posted in Design, Strategy | Tagged accy2, saas accounting, xero | 4 Responses

Ben Kepes

Ben Kepes is a technology evangelist, an investor, a commentator and a business adviser. His business interests include a diverse range of industries from manufacturing to property to technology. As a technology commentator he has a broad presence both in the traditional media and extensively online. Ben covers the convergence of technology, mobile, ubiquity and agility, all enabled by the Cloud. His areas of interest extend to enterprise software, software integration, financial/accounting software, platforms and infrastructure as well as articulating technology simply for everyday users.

More about Ben here.

4 responses to “334 Growth in 50 Days”

peitro February 18, 2009 at 5:59 pm | Permalink

What on earth are they feeding their marketing team – I need some! I guess the product is so good that it is selling itself.

Congratulations Xero – I am quite staggered at this figure! – Incredible
Ben February 22, 2009 at 1:06 pm | Permalink

Eagerly awaiting your full article
Daniel G March 30, 2009 at 2:44 pm | Permalink

Followed up by another 33% growth in the next 40 days to 31st March!

And to think that the busiest NZ signup period last year was April 1 – may 10!