M&A Deal Summary

Xero Acquires WorkflowMax

On February 2, 2012, Xero acquired internet software and services company WorkflowMax

Acquisition Highlights
  • This is Xero’s 1st transaction in the Internet Software and Services sector.
  • This is Xero’s 1st transaction in New Zealand.

M&A Deal Summary
Date 2012-02-02
Target WorkflowMax
Sector Internet Software and Services
Buyer(s) Xero
Deal Type Add-on Acquisition

Target

WorkflowMax

Wellington, New Zealand
WorkflowMax is a project management solution to help businesses track and report on their profitability.

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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 1 of 5
Sector (Internet Software and Services) 1 of 5
Type (Add-on Acquisition) 1 of 5
Country (New Zealand) 1 of 1
Year (2012) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-06 Monchilla

Seattle, Washington, United States

Monchilla is an online payroll provider that focuses on small business in the US.

Buy $4M
Mergr

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