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

Tue, 17 Sep 2024

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...

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