Planday could help Xero into non-English-speaking markets

Xero chief executive Steve Vamos.

Fri, 05 Mar 2021

Xero's largest acquisition yet is more than an extension of the company's relatively young ecosystem platform.It should provide Xero with insights and knowhow on how to go about expanding into non-English-speaking countries when it's ready to do so.The cloud accounting company will pay up to €183.5 million ($305.3m) for Copenhagen-based Planday, a workforce management platform whose primary markets include Denmark, Sweden, Norway, Germany, France and Britain.Technology stocks have been under pressure in recent days and the init...

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