MARKET RELEASE Xero launches integrated payroll for Australian customers 28 May 2012 Xero online accounting software today announced the launch of its integrated payroll solution - Xero payroll - a product that gives Australian customers access to both their accounting software and payroll together in the cloud. ??Rod Drury, CEO said "offering integrated payroll is our most significant development for Australian customers since Xero launched in in Australia in 2008". ??Xero payroll allows users to get closer to their accounting by offering everything in one sophisticated cloud application and a single login. Small businesses can have complete visibility across all of their financial information, with access to both accounts and payroll from anywhere at any time.??Xero integrated payroll originates from the acquisition of Australian online payroll provider, Paycycle, in July 2011. Releasing a single integrated product reflects the successful integration of the Paycycle team into Xero.??Xero payroll is available for no additional cost within the existing Xero pricing plans in Australia. For more information, contact: Rod Drury Xero Chief Executive rod.drury@xero.com +64 27 6000 007 End CA:00223321 For:XRO Type:GENERAL Time:2012-05-28 11:19:20
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