SAN FRANCISCO, CA — December 10, 2009 — Zuora, Inc., the fastest growing on-demand subscription billing and payments service, announces the appointment of Shawn Price to its executive management team as President and General Manager. Shawn brings more than 20 years of experience working with both large public and private companies with success transforming early stage and large public companies into industry leaders.
“As a proven executive who has been at the helm of three IPOs and driven two successful acquisitions, Shawn’s leadership and pedigree is exactly what Zuora needs to capitalize on the subscription management market’s multi-billion dollar potential” said Tien Tzuo, CEO, Zuora.
Prior to joining Zuora’s team, several leading venture capital firms sought after Price to assist with strategy development ranging from operations and finance to M&A. His engagements included Clairmail, the leader in mobile banking, Provade, the leader in outsourced SaaS contract labor management, and many more.
As CEO, President and Chairman of the Board of Savvion, the global leader in business process management, Price was responsible for all strategic and operational functions of the company. Under Price’s direction, Savvion grew in excess of 100% quarter over quarter, secured 300 of the Global 1000, launched the company’s international operations with operating subsidiaries in India, and was recipient of the Deloitte Fast 50 Award.
Before Savvion, Price was Senior Vice President and General Manager Americas at Vitria where he oversaw 75 percent of revenues since the company’s founding. Price led the most successful IPO of 1999, grew the company revenues from zero to $135 million and created Vitria’s breakout Telecom strategy that resulted in a $10 billion market cap.
In broader circles, Shawn is known as a winner of the 2002 Baja 1000, the 2005 Rolex 24-Hours at Daytona International Sports Car Race and the Top Rider from the Americas to complete the world-famous Paris-Dakar Rally on a motorcycle, riding over 7,000 miles in the grueling African desert in only 19 days.
“Shawn’s success and aggressively diverse background is matched only by his drive to take Zuora to the next level,” said Peter Fenton, Partner, Benchmark Capital and Zuora board member. “If past achievement is any measure of future deeds, Zuora is on a steep trajectory towards owning the subscription billing market.”
“The Subscription Economy is a market-driven phenomenon as evidenced by the success of Zuora’s customer base—people want to purchase goods and services via subscription,” said Price. “We’re disrupting a multi-billion dollar industry and have delivered on our vision with a set of world-class products to manage billing and revenue operations and deliver pricing flexibility as a competitive advantage.”
Zuora customers include Reed Business Information, InsideView, Marketo, Ricoh, Box.net and Sun Microsystems.
About Zuora, Inc.
Zuora’s subscription billing and payments 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’s customers are up and running within 90 days and generally 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. The company is based in Redwood City, California. To learn more about Zuora, please visit www.zuora.com.