From Xero to 400,000 as Drury records $250 billion business

"Support from both customers and partners is both humbling and exciting."

Most of these releases, often unnoticed by customers, span small business tasks ranging from payroll through beautiful business reporting.

“Our momentum is not only a clear vote for platforms born and bred in the Cloud, but also for those optimised for mobile devices,” Drury adds.

In the past 12 months, over 145,000 small businesses have downloaded Xero Touch enabling them to pay, invoice and manage cash flow anyplace, anytime.

“Today, New Zealand and Australia’s most loved accounting platform has achieved a similar position in the UK and is back on track in the US," Drury adds.

"The small business cloud market is still in its infancy: of the addressable market of hundreds of millions of small businesses, only a small percentage currently use cloud financial software."

Throughout 2014, Xero has invested significantly in its platform which is becoming critical infrastructure in its core markets with the company now managing 500 servers across redundant data centres managing approximately 500TB of production data while maintaining best-in-class uptime of 99.99%.

“We have our sights set on not just leading in building our Cloud infrastructure, but also putting the innovations and investments from the global Cloud providers like Microsoft, Google and Amazon to work for small businesses," Drury adds.

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