Targeted US inventory management acquisition will secure talent and capability to help scale a
new cloud inventory management solution
Xero Limited announces it is acquiring LOCATE Inventory or LOCATE , a US cloud-based inventory management provider, to better support the inventory needs of small business and enhance its ecommerce capability.
The acquisition will embed LOCATE’s inventory and ecommerce talent and capability within Xero to
enhance Xero’s inventory management offering. This will help meet increased small business demand
for inventory and cash flow management tools.
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Using LOCATE’s inventory-accounting workflows, Xero’s new inventory solution will help small
businesses track and manage inventory in real-time, across multiple locations and channels (including
a number of Xero’s ecommerce partners) to better serve their customers and improve their financial
performance. The new offering is expected to launch to US customers before being made available in
other markets.
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Xero CEO Steve Vamos commented: “We selected LOCATE as it has some of the most comprehensive
inventory-accounting workflows in the US market. LOCATE’s talented team has a deep understanding
of inventory management and product capability to help us scale our cloud inventory management
solution for small business, accountants and bookkeepers. The LOCATE acquisition supports our
strategic priority to grow the small business platform, strengthens our ecommerce offering and
supports our growth opportunities in North America and globally as we strive to be the most insightful
and trusted platform for small business.”
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