The cloud based market for accounting software is about to hot up with New Zealand’s Xero signing an exclusive marketing deal with the ANZ Bank just as arch rival MYOB prepares to edge its way into the cloud.
on 06/03/2010 – Made popular on 06/03/2010
Written by: Stephen Withers | Published in: Cloud ServicesAs MYOB prepares to launch its AccountRight Live next-generation accounting software, how will it integrate with other cloud or conventional software. And what does the company's CTO see in his crystal ball?
Nearly a year after Peter Thiel, Matrix Partners and others put an extra $49 million into Xero, the online accounting software company is adding yet more capital to its coffers. Today the New Zealand-based startup announced that it has raised $150 million (NZ$180m), led again by Peter Thiel-backed Valar Ventures and Matrix Partners.
The market for accounting software sold in the cloud continues to heat up with the release this week of Sage My Business. The twist this time is that the company is making the cloud based software available for free to accounting students.
Written by: Beverley Head | Published in: DevelopmentWith more than 800 users having stress tested its cloud based accounting platform, MYOB will make the AccountRight Live system generally available in a fortnight’s time, with mobile apps to follow in 2013.
Paypal co-fouder Peter Thiel, along with existing investors, has invested $49 million in Xero, the online accounting software for small businesses.
It is Thiel’s third investment in Xero. Earlier this year, Thiel and existing investors put $16.6 million into the company.
Written by: Stan Beer | Published in: TechnologyLocal small business accounting software kingpin MYOB has launched its highly vaunted SME hybrid desktop and cloud product AccountRight Live in a gala lunchtime Sydney event. However, the growing number of small businesses running on Apple Macs will miss out for the time being at least.