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Upstart Paycycle acquired by New Zealand’s Xero

Payroll entrepreneurs Stuart McLeod and John Freeman will no longer be needing to count their pennies. Their two-year-old bootstrapped startup, Paycycle, which provides an online payroll system, is being acquired for $1.5 million by New Zealand’s accounting software provider Xero. Of the amount, $500,000 will be paid in cash and the rest in shares of Xero, which is listed on the New Zealand Stock Exchange. The shares will fully vest over three years.

Aussies ‘won’t pay for digital info’

The latest instalment of Australia’s contribution to the World Internet Project finds that Australians are still flocking to cyberspace, with 80 per cent having used it in a recent 3-month period – up from 73 per cent in 2007. Yet, seven in ten Australians are unwilling to pay for news and information obtained from the internet.

Aussies 'won't pay for digital info'

The latest instalment of Australia’s contribution to the World Internet Project finds that Australians are still flocking to cyberspace, with 80 per cent having used it in a recent 3-month period – up from 73 per cent in 2007. Yet, seven in ten Australians are unwilling to pay for news and information obtained from the internet.
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How to expand into New Markets with Elsita Meyer-Brandt [CHEAT SHEET]

Most organisations begin with aspirations to start local, then grow global. But, in reality, very few ever take the big leap into new markets. In this Cheat Sheet, Elsita Meyer-Brandt, Head of Market Expansion and International Marketing for Eventbrite, shares five rules to help organisations, just like yours, expand into new markets.

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New Zealand’s Xero eyes US IPO, further disruption as subscribers increase...

Xero recently held its annual meeting in Wellington, during which the company revealed some interesting details about its future. As has been widely suspected, the...

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