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Bray Boland

Xero acquires analytics platform Syft for $104 million

Xero United States

The Xero share price is 1.9 per cent higher following a $104 million international acquisition. (HANDOUT/Xero)

Bookkeeping platform Xero has announced the acquisition of South African insights and analytics platform Syft Analytics for $US70 million ($A104 million).

Syft Analytics is a cloud-based reporting platform designed to help accountants and small businesses forecast financial outcomes.

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