Zuora Wins A 'WizKids' Award From Beagle Research

SAN FRANCISCO, CA, May 29, 2009 — Zuora, Inc., the fastest growing subscription billing and payments service, announced the company is a winner of the annual CRM WizKids award for innovation in front office software by Beagle Research. The WizKids award is given to emerging software companies that demonstrate new and innovative solutions to business problems encountered in the rapidly changing front office.

"Zuora has taken a traditionally sore spot for on-demand businesses — recurring billing and, through innovation, turned it into a competitive advantage for its customers. That is why they've earned a 2009 WizKids award," said Denis Pombriant, Managing Principal, Beagle Research.

"WizKids" is just one of many industry awards Zuora has recently won. In the month of May, the company was chosen "Best in Show" at the Under the Radar conference — winning the top honors among hundreds of companies. At Under the Radar, Zuora also won the Judges' Choice and Audience Choice awards for the web services track. Zuora was also named to The Red Herring 100 North America and the JMP Securities Hot 100: The Best Privately Held Software Companies. In addition, Zuora recently announced it has more than 100 customers, including Sun Microsystems.

"Recurring billing is the engine of the Subscription Economy," said Tien Tzuo, CEO, Zuora. "Subscription-based businesses are growing by leaps and bounds — every day we learn of another company embracing subscriptions as a revenue driver. We are proud of the impact Zuora has made on the industry in such a short amount of time and are honored by this recognition from Beagle Research."

In April 2009, Zuora launched Z-Billing 2.0, the most powerful and customizable on-demand billing platform available anywhere. Z-Billing is the first billing application designed specifically for subscription companies, giving them the flexibility and power to create, manage, and grow their business. Within one year, Zuora completed its suite of products, including Z-Payments, a complete payment solution built for subscription businesses that includes the ability to accept PayPal payments; Z-Force, the first billing and payment system fully integrated with salesforce.com and 100% native to the Force.com platform; Z-Commerce, the Business Cloud developer platform; and Z-Commerce for Facebook.

Zuora has more than 100 customers, including CVSDude, Marketo, Box.net, and Sun Microsystems.

About Zuora, Inc.

Zuora is the fastest-growing on-demand subscription billing and payment service. The Zuora platform changes the way subscription businesses manage and sell to customers, and allows them to bring new products to market in less time, with less hassle. Zuora is built from the ground up by SaaS industry visionaries and veterans from salesforce.com, WebEx, Accenture, Postini (now Google), and Oracle. The company is based in Redwood City, California. To learn more about Zuora, please visit www.zuora.com.