I use both Class and Xero extensively and have followed them...

I use both Class and Xero extensively and have followed them both since pretty much day one. I cannot see any value for Xero in a takeover.  The kind of returns Xero could achieve using the $200 million required to expand in Asia or Europe would dwarf the return on a Class acquisition. 

I dont really see any cross selling opportunity at all however it’s moot due to the point above.

I have been a bit surprised at the dramatic slowdown in Class Super given they have a quality great value product in this space.

Class Portfolio won’t go anywhere fast until they develop Financial Reports and Tax returns for Companies and Trusts similar to the SMSF product or complete a full integration to Xero or both. The Class Portfolio development pace has been woeful and the new CEO needs to sort this out ASAP. On this point I really hope the board don’t bring someone ex MYOB into the business again. MYOB is not customer focused, not innovative, still doesn’t develop a 100% cloud product range and it takes them forever to develop new product. Hardly a place you want to steal “talent” for from.

At $1.30 there was enough here for me to start buying but im not expecting mind blowing returns.