Xero

Xero in its acquisition of TaxCycle

Client

Xero

Value

-

Service

Emerging and High Growth Companies

Date Closed

Industry

Technology

Lead Office

Toronto

 

On December 23, 2021, Xero announced its acquisition of TaxCycle, a leading Canadian tax preparation software company for accountants and bookkeepers. The acquisition will advance Xero’s offerings to Canadian customers, following recent additions such as provincial sales tax return reports and Canada chart of accounts templates.

Xero is an online accounting software platform based in Wellington, New Zealand with offices in Canada, United States and London.

Osler, Hoskin & Harcourt LLP advised Xero with a team consisting of André Perey, Michael Grantmyre (Emerging & High Growth Companies), Jacob Young, Michael Pede, Stephan Pacholok (Corporate) Adam LaRoche (Privacy & Data Management), Sam Ip (Technology), Colena Der, Daniel Downie, and Alina Khakhuda (Tax).