Redwood City, CA — January 27, 2011 — Zuora, the subscription billing and commerce leader, today announced that it has won three key industry awards. It has been listed in ZDNet's CRM Watch List, Syscon Media's "90 Cloud Companies to Watch" list, and JMP's Hot 100 Best Privately Held Software Company's list. Zuora was the sole subscription commerce company to be chosen for each list.
For the CRM industry, few awards are as closely followed as Greenberg's annual WatchList. According to Greenberg, Zuora was chosen because of "the management team, the partnerships, the marquee customers, the thought leadership, the market presence and the strong funding and revenue growth." In addition, Greenberg was impressed with Zuora's new positioning around its focus on powering "the middle office." From the report, "Zuora's…raison d'etre is to handle that layer of transaction and transaction behavior that sits between the operational parts of business and the customer-company interactions."
Syscon pointed out that "2010 was certainly an exciting year in the Cloudsphere with every major technology company positioning their companies for the ultimate game of the decade — Who Will Be The Future King of The Cloud?" Zuora was featured as a company to watch for 2011. Other companies to share this distinction include Salesforce.com, Amazon, Intuit, and SuccessFactors.
Zuora was also named to JMP Securities "Hot 100 Best Privately Held Software Companies" list, further emphasizing Zuora's growth and market opportunity. The report profiles 100 of the leading private companies in the software industry, as identified by the software research team at JMP Securities.
"Winning these awards validates that we were on the right path in 2010 in defining the subscription commerce market," said Tien Tzuo CEO of Zuora. "2011 will be about rapid growth as we respond to the hunger in the market to take advantage of the shift to the Subscription Economy."
Zuora's subscription billing and commerce platform changes the way subscription businesses manage and sell to customers, allowing them to bring new products to market in less time, with more flexibility and less hassle. Zuora customers are up and running within 90 days and often recognize 200% ROI within weeks. Zuora is built from the ground up by SaaS industry visionaries and veterans from salesforce.com, WebEx, Accenture, Google, eBay, Oracle and Vitria. Zuora customers include Reed Business Information, Coremetrics, InsideView, Marketo, Ricoh, Box.net, Xactly, and Cloud Central. To learn more about Zuora, please visit www.zuora.com.