Earn-outs protect Xero from acquisitions undershooting

Earn-outs protect Xero from acquisitions undershooting
CEO Steve Vamos said it isn’t a good environment for lending to small businesses. (Image: Xero)
Jenny Ruth
A number of Xero’s acquisitions over the past few years are delivering less than the accounting software company had hoped.That’s certainly the case for the invoice financing company Waddle, which it bought for up to A$80 million ($87.7m) in August 2020.In its latest results, Xero has written off $25.9m of Waddle’s value and said this reflected “changed operational and market conditions”.Another couple of acquisitions bought in March last year also appear to not be panning out as expected, workforce management plat...

More Markets

NZ sharemarket up 0.5% ahead of long weekend
Markets Market Close

NZ sharemarket up 0.5% ahead of long weekend

Pacific Edge's share price fell 7.32%.

Pacific Edge suffers another setback in US
Markets

Pacific Edge suffers another setback in US

Shares in cancer diagnostics company Pacific Edge are down 2.44% to $0.120 after another setback in the US market.The US District Court for the Middle District of Pennsylvania has determined that it does not have jurisdiction to review a Local Coverage Determination (LCD) that co...

Listed retailers stand to gain from Trump tariffs:  Forsyth Barr
Retail

Listed retailers stand to gain from Trump tariffs: Forsyth Barr

Forsyth Barr lifted its KMD Brands target price by 10.4% after Trump tariff walkbacks.

NZ sharemarket rises as Trump backs down
Markets Market Close

NZ sharemarket rises as Trump backs down

The S&P/NZX 50 Index closed up 1.01% or 119.78 points.

Tom Raynel 23 Apr 2025