Great for Xero that they’ve picked up one of the "big four". As announced over on the Xero blog Deloitte NZ has signed up as a Xero partner. Deloitte are one of the big boys – they don’t partner on a whim. They’ve also got international scale and presence so the partnership lubricates Xero’s global expansion plans.
Bridget Musker, Associate Director in Deloitte’s Accounting & Advisory practice focused on helping SMEs grow, commented…
For our clients, Xero dovetails brilliantly with our ‘Virtual CFO’ service where our Deloitte team is on call and available to assist businesses on all sorts of strategic, financial or management issues
Which pretty much means that they realise that accountants are traditionally on the back foot and being the first of the big four to partner with Xero gives them a point of difference when compared to the other players.
Well done Xero – I wonder who is next?
Ben Kepes is an analyst, an entrepreneur, a commentator and a business adviser. His business interests include a diverse range of industries from manufacturing to property to technology. As a technology commentator he has a broad presence both in the traditional media and extensively online. Ben covers the convergance of technology, mobile, ubiquity and agility, all enabled by the Cloud. His areas of interest extend to enterprise software, software integration, financial/accounting software, platforms and infrastructure as well as articulating technology simply for everyday users. 
Accountants as a channel – pretty sure I was sceptical about that. Looks like its working…
@Miki – no one was more sceptical than me – I’m not 100% convinced but this announcement sure helps
I was patiently waiting for an announcement like this, I was wondering why they hadn’t partnered yet. If you haven’t bought Xero stock yet, may be time to leap in.
Possibly the safest bet on the Sharemarket today.
@Paul – no matter how bullish you are about Xero – I don’t think even Rod would describe it as the safest bet on the NZX – that’s a little over the top
Let’s put it this way. Short of the Internet suddenly evaporating can you think of any reason why it’s growth in both subscribers & partners would not continue the current pattern?
Whether it’s “cloud based”, “SAAS” or whatever terminology you want to name it, the product is a solid one with a global market to tap into. In all seriousness I’d like to know of another NZX company with the potential of Xero. Can’t see one myself and I’ve been looking pretty hard.
@Paul – I’m not disputing Xero’s potential however your terminology was safe
Safe does not equate to potential – safe means slow and steady. Potential means risk and risk is the antithesis of safe
I’m sure even Rod would concur with this definition
Interesting comment
As Warren Buffett once said “Risk comes from not knowing what you are doing”. These guys know what they are doing.
I see someone has placed a sell order for 50,000 shares – I hope that this is not a director as I suspect…
Traction? You want traction, Try getting Telecom on board! Just as BNZ did, Hopefully Telecom purchase Xero shares off the open market!!!
Wow $3.5Mil loss in only 6 months, that is an extreme amount of cash burn… only 1 years worth of cash left at this rate, very scary stuff
Woop Woop!!!
Xero will be live on the Telecom Business Hubour site from tomorrow morning!
Ben, any info on the Xero accounting edition being a new revenue stream? could this be a cash cow that has not been looked at by the public until now?
Xero Goes Global Dec 22! Best Xmas present ever!
what on earth is 1place.co.nz doing, complete ripoff of xero… dashboard is exactly the same – font and everything
http://www.xero.com announce 4000 customers… thats 20 a day singing up now, it is not even the changeover period yet!
Just been uploading old emails into my new gmail account. Has been interesting reading these old posts, and reflecting on all the crystal ball gazing that was going on.