SAN FRANCISCO, CA, April 21, 2009 — Zuora, Inc., the fastest growing subscription billing and payments service, today announced record customer growth. In just one year, Zuora has gained huge momentum, passing the 100-customer mark. New Zuora customers include Sun Microsystems, Home-Account, CitySquares, LiveOffice CVSDude and dozens more. In addition, Zuora announced Z-Billing 2.0, the most powerful and customizable subscription billing service available anywhere (see corresponding release “Zuora Announces Z-Billing 2.0, The Most Powerful, Customizable and Easiest to Use Subscription Billing Service on the Market“).
“We are in the midst of a seismic shift toward subscriptions —it’s the way people want to consume products and services. We expect subscription businesses to continue growing at a break-neck pace and we are committed to being the leader and enabler of this trend,” said Tien Tzuo, CEO of Zuora. “I want to thank the Zuora customers and team for making the company’s first year a huge success.”
Before Zuora, subscription companies had limited options. Many companies wasted precious time and engineering resources to build proprietary billing systems. Others purchased difficult to use, inflexible niche solutions or systems built on antiquated, single tenant technology architectures. As a result these early subscription companies had limited pricing options and could only scale by adding more people. Zuora’s entry into the market changed all this. Zuora unlocked the subscription economy with the only billing and payments application suite specifically built for subscription businesses of all types and sizes. Now, more than 100 businesses have embraced the future and selected Zuora’s on-demand solutions to automate their subscription billing and payments.
“When Sun looked for a partner to handle the subscription billing for its new cloud computing platform, Zuora had the right model, team, and capability to provide exactly what we wanted,” said Lew Tucker, Vice President and CTO Cloud Computing, Sun Microsystems, Inc.
“I’ve been convinced since I first met the founders of Zuora that the company had targeted a critical business requirement and significant market opportunity in the on-demand services industry,” said Jeffrey M. Kaplan, the Managing Director of THINKstrategies, Inc. and Founder of the SaaS Showplace. “Zuora’s rapidly growing customer base and ecosystem of partners is a clear indication of the timeliness and effectiveness of their billing solution, and success of its strategy and vision.”
Zuora launched its first product, Z-Billing, in May 2008. 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 and 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.
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.
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