Recently, someone was speculating on the future of online accounting software vendor Xero based on the rate it was burning cash. Those calculations did not take into account the fact that Xero would be able to raise another $150 million in new funding, largely  from American investors. The  New Zealand-based company said this week that U.S. firms, including include Valar Ventures and Matrix Capital Management, chipped in $123 million of that amount. 

Swiftpage, which acquired SalesLogix and Act from Sage, has introduced new mobile apps and mobile pricing for SalesLogix. The company is offering the third generation of the SalesLogix Mobile platform1 and the accompanying app. SalesLogix Mobile 3.0 is offered in a mobile-only subscription option for $25 per user per month.

Infor has introduced the UpgradeX Program that is designed to assist its customers in moving from on-premise systems to the Cloud. The program moves existing systems to the company's 10x-enabled version of the applications in the cloud. Infor is offering what it called a one-time modest setup fee for moving the data.

Payroll provider Paychex has invested in online accounting software company Kashoo. The size of the equity investment was not revealed; however two Paychex executives now sit on the Kashoo board of directors. Paychex CEO Martin Mucci issued a statement that the investment is part of an expansion of products and services his company provides to small and mid-sized clients and the accounting community.