Cloud-based accounting platform Xero announced today the official opening of its new Toronto office.
The new office is located in a former Bank of Canada building on University Avenue and will enable the organization to house over 200 employees in Toronto. Xero is currently hiring.
Xero acquired Toronto startup Hubdoc in 2018 to supercharge its automation capabilities and the new office accommodates both the Xero and Hubdoc teams based in Toronto.
The office features activity-based working, where employees choose a work area that suits them based on any given day or task at hand.
Rather than assigned seating, employees have the option to choose from quiet spaces for phone calls and focused work, rooms for virtual and in-person meetings, collaboration areas or a desk in their team’s ‘neighborhood’.
Jamie McDonald, co-founder of Hubdoc was recently appointed as Xero’s Executive General Manager Product, Accounting and Global Services to lead the development of the core accounting tools used by more than 2 million subscribers in more than 180 countries.
Jamie Shulman, co-founder of Hubdoc has joined the Xero Americas Leadership Team working closely to drive adoption of Hubdoc.
“We have an amazing opportunity in front of us in Canada since less than 10% of small businesses in North America have adopted cloud accounting services,” said Tony Ward, President of Xero Americas.
“This is a key growth opportunity for Xero and we’re excited to establish our presence in Toronto and help foster innovation for Canadian small businesses so they can share data, uncover insights, and better plan for the future.”