Full integration between Midpoint and Xero's
cloud-based accounting software serving 500,000+ small businesses
globally
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TORONTO, July 6, 2015 /CNW/ - Midpoint Holdings Ltd.
("Midpoint") (TSXV: MPT) (FSE:8MH) is pleased to announce
that it has completed an integration with Xero, the leader in
online accounting software. Based purely in the cloud, it provides
business owners with real-time visibility of their financial
position in a way that's simple, smart and secure.
This means that Midpoint and the 500,000 + Xero users around the
world can save time and money using the integrated service and
represents a key business to business to consumer channel
initiative for Midpoint.
John Booth, Chairman & CEO of
Midpoint, said:
"Xero has developed a phenomenal following and user base,
particularly among our target SME market, so the opportunity to
integrate was one we have been keen to pursue and we look forward
to the opportunity to help the growing Xero install base make more
cost effective international cross currency payments. We are
proud to be joining the growing and vibrant Xero community."
Gary Turner, MD of Xero,
said: "This partnership is great for many of our small
business customers dealing with international payments around
the globe. These businesses can now seamlessly use the Midpoint
platform to avoid paying banks and brokers those hidden fees."
About Xero
Xero is beautiful, easy-to-use online accounting software for small
businesses and their advisors. The company has 500,000 subscribers
in more than 180 countries. Xero seamlessly integrates with over
400 third-party tools, and was ranked No. 1 by Forbes as the
World's Most Innovative Growth Company in 2014 and 2015.
Neither the TSXV nor its Regulation Services Provider (as
that term is defined in the policies of the TSXV) accepts
responsibility for the adequacy or accuracy of this release and has
neither approved nor disapproved of the contents of this press
release.
This news release contains certain "forward-looking
information" within the meaning of applicable securities law.
Forward looking information is frequently characterized by words
such as "plan", "expect", "project", "intend", "believe",
"anticipate", "estimate", "may", "will", "would", "potential",
"proposed" and other similar words, or statements that certain
events or conditions "may" or "will" occur. These statements are
only predictions. Forward-looking information is based on the
opinions and estimates of management at the date the information is
provided, and is subject to a variety of risks and uncertainties
and other factors that could cause actual events or results to
differ materially from those projected in the forward-looking
information. For a description of the risks and uncertainties
facing Midpoint and its business and affairs, readers should refer
to Midpoint's Management's Discussion and Analysis. Midpoint
undertakes no obligation to update forward-looking information if
circumstances or management's estimates or opinions should change,
unless required by law. The reader is cautioned not to place undue
reliance on forward-looking information.
SOURCE Midpoint Holdings Ltd.
