The Latest in IT Security

Extreme accounting? NZ’s rugged tech startups aim high with business software, not social media

25
Mar
2014

By Naomi Tajitsu WELLINGTON (Reuters) – New Zealand technology firms are rolling into global markets, selling software to businesses that locks down mundane tasks like accounting and expenses, rather than developing slick social media apps that consumers download free of charge. Led by Wellington-based Xero Ltd and its self-styled “beautiful accounting software”, the South Pacific island nation’s blossoming cloud-based tech industry is now the country’s third-biggest export earner behind dairy and tourism. It’s the fruit of a government push to promote high-growth start-ups that has made Wellington a fertile breeding ground, including grants and incubation finance like a NZ$160 million investment in the New Zealand Venture Investment Fund, a public-private venture. The practical New Zealand approach diverges from the mass consumer offerings developed by some counterparts in the United States, like messaging service WhatsApp or photo sharing site Instagram.

Comments are closed.

Categories

TUESDAY, JULY 23, 2019
WHITE PAPERS

Mission-Critical Broadband – Why Governments Should Partner with Commercial Operators:
Many governments embrace mobile network operator (MNO) networks as ...

ARA at Scale: How to Choose a Solution That Grows With Your Needs:
Application release automation (ARA) tools enable best practices in...

The Multi-Model Database:
Part of the “new normal” where data and cloud applications are ...

Featured

Archives

Latest Comments

Social Networks