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Xero grabs gold in Wellington

Xero grabs gold in Wellington

Online accounting company Xero last night added a supreme Wellington Gold Award to its swag of accolades to date, with emerging companies GreenButton and Im-Able also claiming honours at the ceremony.

Entrepreneur Rod Drury started Xero in 2006 and the listed company has enjoyed strong revenue growth since, although it has yet to post a profit. 

One of the Wellington Gold Awards judges, Paul Winter, said he was impressed by Xero's long-term plan, backed up by long-term shareholder finance and confidence.

Xero, which has 240,000 users in 100 countries, also nabbed the global gold award for exporters and service companies.

The Gold Awards honoured nine companies in total for business excellence.

Studio Pacific Architecture took out  the creative gold category, while cloud computing startup GreenButton won the cyber gold award.

Black Gold, by GNS Science, grabbed the discovering gold award for its development of scientific analysis for oil exploration.

Im-Able, which makes high-tech games for rehabilitative purposes, received the emerging gold award.

Meanwhile, New Zealand Diving and Salvage was conferred with the supporting gold award and Adrenalin Forest vibrant gold for the events, hospitality and visitor facilities sector.

The green gold award went to Mana Recovery, and KiwiRail Hutt Workshops won the ACC workplace safety award.