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SaaS MYOB? No worries says Xero - IT Brief - IT Brief

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Xero founder Rod Drury is unfazed by Australian accounting software company MYOB's move into the SaaS space, saying his rival is still at least 12 months away from releasing a meaningful online option for customers.

Drury made the comments as Xero launches its push into Australia - a potential market of well over 2 million small businesses.

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Drury says Xero officially launched its software as a service into Australia on September 30 and will now be building an Australian channel. Key to that will be support from banks and Drury says he is finalising deals with two major business institutions that he hopes to name before Christmas.

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