Syft Acquisition by Xero Set to Boost Data-Driven Decision Making for Small Businesses

Xero has announced the acquisition of Syft, a global cloud-based platform known for delivering powerful insights, reporting, and analytics to small businesses, accountants, and bookkeepers. Syft, currently available in the Xero App Store and a popular choice among Xero users for its custom reporting and visualization capabilities, will remain a standalone offering post-acquisition, accessible to businesses using any accounting software.

The acquisition will enhance Xero’s ability to provide in-depth business insights through Syft’s innovative features, such as live analysis, financial data consolidation, and integration with platforms like Shopify and Stripe. This partnership aims to deepen the value of Xero’s services, empowering small businesses with data-driven decision-making tools.