Zuora Contributes Another $1 Million to Zuora.org to Increase Access to More Equitable Opportunities
The $1M Social Impact Fund will support nonprofits dedicated to increasing opportunities for underrepresented communities, and connecting the next generation of diverse talent to sustainable careers that allow them to earn a living wage.
Subscription Businesses Remain Resilient Amid COVID-19
Zuora today released the newest edition of its Subscription Impact Report designed to measure the economic impact of COVID-19 on subscription businesses from March 1 – May 31, 2020 compared to the previous 12 months (February 2019-February 2020). The report, analyzing both subscriber acquisition rates and average revenue per subscriber, compares Software and High Tech, Media, Consumer Membership and Internet of Things industry segments.
The Subscription Economy Grows More than 350% Over 7.5 Years
Zuora, Inc., (NYSE:ZUO) the leading cloud-based subscription management platform provider, today released the latest edition of its biannual Subscription Economy Index™ (SEI) designed to measure the collective health and growth of subscription businesses. Over the past 7.5 years, the Subscription Economy® has continued to thrive, growing more than 350 percent.
New International Survey Reports on The End of Ownership and The Rise of Subscriptions
“We’re witnessing the end of ownership and the rise of usership. We believe people are subscribing to more because they’re getting the outcome and experience they’re looking for, without the burden of owning it,” said Tien Tzuo, CEO and Founder of Zuora.
The Subscription Economy Grows More Than 300% In The Last Seven Years
Over the past seven years, the companies featured in the Zuora SEI, across North America, Europe and Asia Pacific, have seen their sales grow by more than 300 percent, representing an 18 percent compound annual growth rate (CAGR).