Sharechat Logo

Xero taps Microsoft executive to head up UK business

Tuesday 7th July 2009

Text too small?

Xero, the online accounting software provider, hired Microsoft Corp. executive Gary Turner as managing director for the UK, which accounts for about 40% of its customer base and includes relationships with British Telecom Group Plc and HSBC.

Turner, currently group director for Microsoft’s Dynamics ERP and CRM products in the UK, will take up his new position in August, Xero said in a statement. The UK accounted for 3,000 of Xero's 7,500 paying customers as at May 10.

The Wellington-based company, whose shareholders include MYOB founder Craig Winkler and cashed-up TradeMe founder Sam Morgan, reached a reseller agreement with BT in May, allowing the telecommunications company’s 1.7 million small business customers to access Xero’s service starting this month.

Also in May, Xero started a feed relationship with HSBC, with the lender’s customers able to have their bank statements imported into Xero’s accounting software. It already takes such feeds from most banks in Australia and New Zealand.

Shares of Xero last traded at $1.35 on July 6 and has jumped 59% in the past six months.Turner will take over in the UK from Xero co-founder Hamish Edwards, who is returning to a role in New Zealand. 

Winkler and Morgan participated in Xero's $23.2 million capital raising earlier this year.

Businesswire.co.nz



  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

Xero’s Drury says $180M capital raise ‘sends strong signal’ to competitors
Xero raises $180M selling shares at premium to Matrix, Thiel, others
Xero shares halted pending outcome of capital raising
Xero adds another 36k customers since March, sees 80 percent lift in 2014 sales, wider loss
Xero tells NZX that 23 percent slump in shares reflects volatility in tightly held register
Xero cracks $2 bln market cap, lifting Drury's paper fortune to $388M
Xero topples Port of Tauranga as highest price local stock on NZX
Xero chair, COO book million-dollar paydays after shares more than triple in past year
Xero posts $14.4 mln FY loss, doubles revenue and paying customers
Xero adds 23k customers since September, expects to double annual sales