PayPal President Scott Thompson Joins Zuora, Inc.’s Board of Directors

September 3, 2008

(San Francisco, Calif. — Sept 3, 2008) — Zuora, Inc., formed by Software-as-a-Service (SaaS) industry veterans from salesforce.com and WebEx to revolutionize the subscription billing industry, announces today that Scott Thompson, president of PayPal, has been appointed to the company’s board of directors. Thompson joins existing board member Peter Fenton of Benchmark Capital.

“We are thrilled to have Scott Thompson join our board for his tremendous experience in the online payments industry,” said Tien Tzuo, CEO of Zuora, Inc. “He’s is an accomplished global industry executive, having developed and deployed some of the most successful online payment solutions in the world. Thompson’s guidance and leadership will be extremely beneficial as we build out our company and best-in-class online billing solutions.”

With the addition of Thompson, Zuora demonstrates its dedication to building a prominent board of directors after successfully launching the company’s flagship application, Z-Billing, in May 2008.

“With the rise of on-demand and subscription services, there is also a growing demand for online billing solutions. Zuora’s platform is truly built with the needs of the subscription market in mind,” said Scott Thompson, president of PayPal. “I am honored to take on this role and look forward to working with the Zuora executive team to address this opportunity.”

As the president of PayPal, Scott Thompson has overall responsibility for the company’s global operations, technology and customers adoption. Scott previously served as PayPal’s Senior Vice President and Chief Technology Officer where he oversaw information technology, product development, and architecture. Prior to PayPal, Scott worked for Inovant, a subsidiary of Visa formed to oversee global technology for the organization. As Executive Vice President of Technology Solutions at Inovant, he was responsible for all development, support and maintenance of Visa’s global payment system.

Scott was also Chief Information Officer of Barclays Global Investors, where he implemented a new strategic technology platform and global infrastructure. In addition, he has worked with Coopers and Lybrand, delivering information technology solutions to leading financial services clients such as Wells Fargo.

About Zuora, Inc.

Zuora, Inc. is a Redwood City based company created to support the growing subscription market with a complete solution that is flexible, powerful, and integrates with the entire company infrastructure. The platform created by Zuora changes the way subscription businesses manage and sell to customers, as well as allows them bring new products to the market in less time, and with less hassle. Zuora was built from the ground up by SaaS industry visionaries and veterans from salesforce.com, WebEx, Accenture, Postini (now Google), and Oracle. To learn more about Zuora, please visit www.zuora.com.