Xero smashes 250k customer mark...

Accounting software company Xero has revealed that it now has over a quarter of a million customers worldwide.

According to founder and CEO Rod Drury, the 250,000 milestone was passed at the end of January 2014 and compares to 135,000 at the same time 12 months ago.

Drury says he is pleased with the company’s progress.

“It took five years to get our first 50,000 customers, but in the last 12 months we’ve added 115,000 more," he says.

"Now with a quarter of a million customers globally, and with the Australian market fast approaching 100,000 customers, we are gaining real momentum.

"The results we have achieved over the last year are testament to the innovation of the product development team which is working hard to build the features enabling us to target all small businesses in our core markets, as well as the wider teams in US, Australia, the UK and here in New Zealand.

"Building a financial platform is a huge investment and I’m very proud of the results our team has delivered.”