you had 5 characters to spare. YOu could have elaborated more rather than filling them with "."
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Agree. That is what I was refer to with IP (ie. their existing technology, knowledge and experience) - a bit loose will language. My point was it is predominately a acqui-hire, not a customer acquisition. They are at initial stages of launching so would be embarrassing if they had more customers than XRO ;)
You point is not clear. Are you trying to say Monchilla is not a start up/ in their initial stages of launching their business?
If so it would be good if you would post something factual to support your view (i.e. their customer numbers). If not, maybe being a little clearer about what you are trying to say would help.
On a different note, seems the market is digesting this acquisition positively!!
I'm more relieved than anything else. Xero's US prospects have taken a beating in the last six months. First their payroll efforts stagnated when they declared they were halting development on further states, then their US numbers were posted, and then brokers began talking up the idea of them abandoning the market altogether. So to see a smart and cheap acquisition like this restores my confidence to a big degree. Payroll is king. Xero knows this from Australia. I guess my only concern was why didn't they do this two years ago. And how, if Monchila have been only at it two years, could they ramp up their offering to such a high degree when Xero's developers seemingly floundered at the same task. Anyway - good thing is that they are being proactive and still gunning for the market. Only time can be the judge (not the share price).