The LOCATE team is thrilled to share that today, Xero announced it is acquiring LOCATE Inventory. Xero is a global small business platform with more than 3 million subscribers. Its key markets include the US, Canada, UK, Asia, Australia and New Zealand – where it was founded in 2006.
“We are especially excited for this next stage because we have always seen ourselves and our values reflected by Xero,” says LOCATE CEO Zack Schiffelbein. “They’re innovators in their space, forward-thinking, build beautiful products, are customer-driven, and humbly human. Most importantly, LOCATE’s passion for helping growing companies aligns with Xero’s purpose, to make life better for small businesses, their advisors and communities around the world.”
Xero plans to embed LOCATE’s inventory management capability, talent and expertise into its business and focus on building a new cloud inventory management solution for small business, accountants and bookkeepers. LOCATE will continue to be based in California, US, where the company was founded, working closely with Xero’s global development teams.
The acquisition will mean LOCATE’s existing inventory management products won’t be available after October 10, 2022. While we won’t be taking on any new customers, we will continue to support our existing customers until this date. We understand this news will come as a disappointment, and we want to assure our customers that we are committed to working closely with you to help facilitate a successful transition off of LOCATE Inventory and onto another solution that best meets your unique needs.
We’re incredibly proud of what our small but mighty team has accomplished over the past several years. From growing a successful consulting company, to creating unique solutions for the mid-market inventory space, and ultimately building LOCATE Inventory from the ground up. Over this time, we have focused on making innovative, feature-rich software accessible to growing businesses, and we are excited to continue pursuing that goal with Xero.
We would like to thank all of our customers and implementers – for their amazing support and partnership. We are thrilled to be part of the Xero team and look forward to what we can create together for small businesses around the world.