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Xero doubles employees, looks for 100 more

Rod Drury, chief executive of online accounting software company Xero, which currently has 267 employees. Photo / Mark Mitchell
Rod Drury, chief executive of online accounting software company Xero, which currently has 267 employees. Photo / Mark Mitchell

Xero, the cloud-based accounting platform provider, has doubled its employees, hiring 128 new staff in the calendar year and is seeking 100 more.

The Wellington-based company currently has 267 employees and is It's looking to add more in its Wellington and Auckland offices before April next year.

"Emerging global companies like Xero are opening up new types of career options for New Zealanders," general manager human resources Natasha Hubbard said. "Software testing is becoming a valued and well-paid new career option."

"Customer care roles for computer software have also evolved into prestigious careers and help staff become product experts and responsible for building lifetime relationships with customers all over the world," she said.

In Wellington, the decline in public sector jobs has contributed to the capital's rising unemployment rate. The local economy is instead focusing on attracting and retaining innovative businesses, investing in infrastructure, manufacturing and information technology.

Shares in Xero last traded at $4.45 and the stock has gained about 58 percent this year. Xero joined the NZX 50 in June alongside Diligent Board Member Services, replacing GPS-components maker Rakon and building supplies manufacturer Steel & Tube.

- BusinessDesk

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