M&A Deal Summary

Xero Acquires Instafile

On November 16, 2018, Xero acquired internet software and services company Instafile for 6M GBP

Acquisition Highlights
  • This is Xero’s 4th transaction in the Internet Software and Services sector.
  • This is Xero’s 0th largest (disclosed) transaction.
  • This is Xero’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2018-11-16
Target Instafile
Sector Internet Software and Services
Buyer(s) Xero
Deal Type Add-on Acquisition
Deal Value 6M GBP

Target

Instafile

London, United Kingdom
Instafile automates process of tax filing and financial reporting in the UK for Xero partners, seamlessly connecting Xero directly to UK compliance bodies, including HMRC.

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Buyer(S) 1

Buyer

Xero

Wellington, New Zealand
Category Company
Founded 2006
Sector Internet Software and Services
Employees4,322
Revenue 1.6B NZD (2024)
DESCRIPTION

Xero offers an easy to use online accounting software for small businesses and their advisors. Xero provides its subscribers with connections to an ecosystem of third party apps and connections to banks and financial service providers. Xero was founded in 2006 and is based in Wellington, New Zealand.

DEAL STATS #
Overall 4 of 5
Sector (Internet Software and Services) 4 of 5
Type (Add-on Acquisition) 4 of 5
Country (United Kingdom) 1 of 1
Year (2018) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-31 Hubdoc

Toronto, Ontario, Canada

Hubdoc, Inc. is a data capture solution that helps accountants, bookkeepers, and small businesses streamline administrative tasks such as financial document collection and data entry. Hubdoc, Inc. was founded in 2011 and is headquartered in Toronto, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-01 Planday

Copenhagen, Denmark

Planday is a workforce management platform that will help deliver on a purpose to make life better for people in small businesses, their advisors, and communities around the world. Planday serves more than 350,000 employee users across Europe and the UK. Its product is available in 14 languages, and it can be tailored for new regions. Planday was formed in 2004 and is based in Copenhagen, Denmark.

Buy -
Mergr

Product

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