Xero in US$70M deal to buy South African Syft Analytics

Xero in US$70M deal to buy South African Syft Analytics
Sukhinder Singh Cassidy says the acquisition will help Xero provide deeper insights to small businesses and their advisers. (Image: Supplied)
Staff reporters
Xero will buy a global cloud-based reporting platform for nearly US$70 million. In a statement to the ASX Xero chief executive Sukhinder Singh Cassidy said the NZ$113m move to acquire Johannesburg-based Syft Analytics would strengthen Xero's accounting offering to small businesses. “Xero has always focused on reimagining how accounting software can empower small businesses by providing insights to help them and their advisers run their business better."Syft accelerates this further by offering deeper insights to help bo...

More Markets

Craigs beefs up in Hawkes Bay, eyes further expansion
Finance

Craigs beefs up in Hawkes Bay, eyes further expansion

Craigs looks to further expansion as it confirms the Somerset Smith Partners deal.

NZ dollar on watch ahead of 3Q GDP, Fed signals
Markets

NZ dollar on watch ahead of 3Q GDP, Fed signals

Economists expect NZ GDP to shrink 0.3% in the June quarter after March growth.

Seeking a faster, sharper ComCom
Economy

Seeking a faster, sharper ComCom

A ‘gold standard’ approach and siloed structure slow the ComCom down.

NZ sharemarket drifts flat as Fed decision looms
Markets Market Close

NZ sharemarket drifts flat as Fed decision looms

The S&P/NZX 50 Index closed down 0.05% or 6.5 points.

Tom Raynel 17 Sep 2025