Xero Buys Payroll Company

Thursday, 06 November 2014
News

Jack Couch, MonchillaXero has acquired Monchilla, a Seattle, Wash.-based payroll company. Xero says the move will help it expand its payroll service beyond the seven states it currently supports. Monchilla is an early stage start-up. Xero will pay roughly $7.74 million, $4.1 million in cash and 238,490 Xero shares.

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