LA Private

September 17, 2024

Xero acquires South African analytics platform Syft for US$70 million

Global accounting software group Xero (ASX:XRO) will pay up to US$70 million (around AU$104 million) for South African cloud-based reporting and analytics platform Syft. The purchase will be an add-on to Xero’s suite of global offerings. The cost comprises an upfront payment of US$40 million, with the remainder consisting of earn-outs and employee-restricted shares over […]

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