Xero completes multi-million dollar US acquisition

Xero completes multi-million dollar US acquisition

James Henderson (Computerworld New Zealand) on 10 November, 2014 

 

“Combining this capability with the work our own team are doing will allow us to develop a world-class payroll experience

for the US. over the next 12 months.” Growing New Zealand cloud firm Xero has acquired Seattle-based online payroll company, Monchilla.

According to CEO Rod Drury, the company’s payroll expertise and technology will enable Xero to rapidly accelerate the extension of its payroll offering across the US.

“We were really impressed by the Monchilla team and how they have approached filing and payment of payroll taxes in the US,” he says.

“Combining this capability with the work our own team are doing will allow us to develop a world-class payroll experience for the US. over the next 12 months.”

Drury believes integrating Monchilla with Xero provides…

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