Cloud accounting software provider Xero has announced that the company hit monthly recurring subscription revenues of $8.6 million in May this year, taking it past the $100 million mark in annualised subscription revenue.
Discussions of broadband strategy between telcos, financiers, policymakers and ICT industry luminaries in Auckland this month reached no startling conclusions or clear consensus on solutions, say participants.
Recent moves by Microsoft to support Software as a Service (SaaS) will boost the new software distribution model, particularly with enterprise users, say SaaS vendor representatives and hosting companies who met Microsoft’s visiting director of architecture strategy, Gianpaolo Carraro, in December.
US market analyst Ken Bender’s pessimistic analysis of SaaS’ growth prospects has drawn criticism from high-profile tech entrepreneur Rod Drury, who says Bender doesn’t realise that some of our enterprises are very small indeed.
International Business Wales and Technium UK today announced that New Zealand technology company Xero, Rod Drury’s web-based accounting company, is the winner of the International Technium Challenge.