Xero finalist in Welsh high-tech contest

A New Zealand company seeking to raise $18 million through an IPO and float on the NZSX market is headed for Wales to compete for a place in a technology park.

Xero, a web-based accounting software firm, is competing for a place in one of 10 "technium business innovation centres", the Daily Post in Wales has reported.

Other finalists competing in the contest are Slices Innovations from South Africa and Fudan GrandHorizon from China.

They will compete at Cardiff in the "international technium challenge" aimed at attracting global technology companies with high growth potential to Wales.

- NZPA