Xero Purchases e-invoicing Company Tickstar

Accounting firm Xero states that the purchase of Tickstar will help its clients improve their workflows and get paid faster.
Jack Turner

Accounting software firm Xero looks set to grow with the acquisition of Tickstar, an e-invoicing firm based in Sweden.

Xero states that the buyout will help its customers digitize their workflows and get paid faster using cloud technology.

The acquisition occurs in the same month that the firm also purchased workforce management company, Planday.

Considering Xero? Read our guide to Xero versus QuickBooks

The Xero Acquisition of Tickstar

Tickstar are a Swedish company specializing in e-invoicing, founded in 2007. The firm already worked with Xero prior to the acquisition, providing its invoicing solution. But now, Tickstar will sit under the Xero umbrella as a subsidiary.

The purchase looks set to cost Xero around SEK 150 million ($17.2 million) in total, although this sum depends on targets achieved and product development, with 50% payment in cash, and 50% in shares in Xero limited.

According to a press release, Xero will use Tickstar's existing technology to support its e-invoicing infrastructure services through the Galaxy Gateway, for both new and existing companies, alongside its consulting services.

“The acquisition of Tickstar is an important step in our strategy to help small businesses digitise more of their workflows and get paid faster using cloud-based technologies” – Xero chief product officer Anna Curzon

Xero's Recent Acquisitions

Tickstar is the latest in a long line of acquisitions for Xero, and it shows no sign of slowing down. Earlier in March, it purchased the workforce management company Planday for $217 million.

In August of last year it purchased Australian lending platform, Waddle, for $61 million.

Previous to this its last acquisition was in 2018 (UK-based tax filing solution Instafile, for $7 million). Three recent buyouts in less than a year show signs that Xero is keen to expand its reach and bolster its current position.

Xero's Accounting Software Solution

In our review of Xero, we were impressed with its offering and dubbed it the best choice for online businesses. This is thanks to its integrations with popular online platforms such as Squarespace and Square Online.

It also integrates with the likes of Amazon, Etsy and other ecommerce sites, and boasts impressive mobile apps.  We also liked the pricing, which is cheaper than some of the big competitors in the space, like QuickBooks.

Read our guide to the Best Accounting Software for Small Business

The acquisition of Tickstar looks set to only improve Xero's already excellent offering.

0 out of 0
Price from
Core Benefit
Payroll Processing
Email integration
Office 365 integration
Email support
Phone support
Free trial

FreshBooks

QuickBooks

Xero

Zoho Books

Sage

Wave Financial

Kashoo

GoDaddy Online Bookkeeping

OneUp

$4.50/Month

$15/Month

$9 per month

$9 per month

$10 per month

Free

$19.95 per month

$4.99

$9

Great features and useability at a low price, plus a brilliant 50% discount for the first 3 month

Unbeatable range of accounting features and some truly good value plans for growing businesses

Online integrations

Strong automation features

Very user-friendly

It's free

Easiest setup

Very cheap

Strong CRM features

It's free, no trial needed

About our links

Tech.co is reader-supported. If you make a purchase through the links on our site, we may earn a commission from the retailers of the products we have reviewed. This helps Tech.co to provide free advice and reviews for our readers. It has no additional cost to you, and never affects the editorial independence of our reviews. Click to return to top of page

Did you find this article helpful? Click on one of the following buttons
We're so happy you liked! Get more delivered to your inbox just like it.

We're sorry this article didn't help you today – we welcome feedback, so if there's any way you feel we could improve our content, please email us at contact@tech.co

Jack is the Content Manager for Tech.co. He has been writing about a broad variety of technology subjects for over a decade, both in print and online, including laptops and tablets, gaming, and tech scams. As well as years of experience reviewing the latest tech devices, Jack has also conducted investigative research into a number of tech-related issues, including privacy and fraud.

Explore More See all news
close Step up your business video conferencing with GoToMeeting, our top rated conferencing app – try it free for 14 days Try GoToMeeting Free