Software Company Moves Headquarters Out of California

Xero, a company that makes accounting software for small businesses, this month moved its U.S. headquarters from San Francisco to Denver. The New Zealand Herald reported in late 2016: “The company currently employs about 100 people in Denver in its sales and customer experience teams, and chief executive Rod February 21, 2017 4 Drury expects that will expand to ‘a few hundred’ as he tries to build a mass of people in a more affordable city than San Francisco, where its U.S. leadership team has previously been based. Drury said San Francisco was a ‘great place to get started’ and the first port of call to raise capital, but as the company moves into an ‘operational phase’ he had to weigh up whether to stay in that city or move.”