Tickstar to be acquired by Xero

Tickstar to be acquired by Xero

Written by Malin Lundell

March 23, 2021, 10:30 p.m CET

Today we are excited to share that Tickstar is being acquired by Xero, a global small business platform headquartered in New Zealand, with over 2.45 million subscribers around the world. 

Xero provides cloud accounting services and shares our passion for e-invoicing. The Xero team wants to support our industry with best in class technology to provide governments and businesses with ways to pay – and get paid – faster. 

Tickstar and Xero are both closely aligned on the opportunity to accelerate the adoption of e-invoicing and together, we can make a bigger impact on the industry. 

We want to share more information on who Xero is and why this will allow us to better support you in the future. 

Who is Xero? 

Xero is a global cloud platform, providing global small businesses with business accounting tools and services.  Xero has a thriving ecosystem of over 800 third-party apps and more than 200 connections to banks and financial service providers.

The business is headquartered in Wellington, New Zealand, and listed on the Australian Securities Exchange. Xero has grown significantly since it was founded in 2006 and now has offices based in Australia, New Zealand, US, Canada, UK and Europe, South Africa and Asia.

With over 3,200 employees, Xero is recognised as a ‘unicorn’ technology SaaS company in the Southern Hemisphere, providing simple and easy to use products and services to small businesses and their advisors (accountants and bookkeepers). 

How will Tickstar work together with Xero? 

In terms of the people who you work with at Tickstar and the services you receive, there will be no changes. 

Xero will provide us with resources to scale and expand our platform to better support our current and future customers as the demand for these services grows. In the future, we will work to develop additional product features.

What’s next for e-invoicing?

Xero supports open access to e-invoicing networks and will ensure these networks are readily available to all businesses and governments. We expect e-invoicing will eventually become a global best practice standard and a natural part of the cloud accounting process. As adoption continues to grow around the world, we’ll continue to improve the e-invoicing experience for our customers.