Cloud management leader recognized for creating and leading the subscription billing industry
Redwood City, CA — April 6, 2010 — Zuora Inc., the fastest growing on-demand subscription billing and payments service, today announced that it has been chosen by AlwaysOn as one of the OnDemand Top 100 winners. Zuora was specially selected by the AlwaysOn editorial team and industry experts spanning the globe based on a set of five criteria: innovation, market potential, commercialization, stakeholder value, and media buzz. Zuora is the only cloud billing and commerce solution, chosen for the cloud infrastructure category.
In 2007, while in their executive positions at salesforce.com and WebEx, the founders of Zuora recognized that the shift to cloud computing was creating a multi-billion dollar market for a new breed of billing and payment systems that could power subscription commerce in the cloud. In the past two-and-a-half years, Zuora has turned this vision into a reality, achieving greater revenue growth, faster customer acquisition, stronger market buzz, and a pace of product innovation that far exceeds legacy billing solution vendors.
“As the digital information created by businesses continues to explode at astronomical rates, the need to store, manage, analyze, and share this information is becoming extremely challenging,” said Tony Perkins, founder and editor of AlwaysOn. “We congratulate this year’s OnDemand 100 for providing the technology platforms and services needed to power this new era of on demand computing in the cloud.”
The OnDemand 100 winners were selected from among hundreds of other technology companies nominated by investors, bankers, journalists, and industry insiders. The AlwaysOn editorial team conducted a rigorous three-month selection process to finalize the 2010 list. Zuora is joined in the OnDemand 100 by a number of it’s customers and partners, including LiveOffice, Zetta, Marketo, Boomi, Bluewolf, Cast Iron Systems, Cloud9 Analytics,and Intacct.
“At Zuora, our goal is to become the standard for cloud commerce by building the best product and creating success stories one customer at a time,” said Tien Tzuo, CEO Zuora. “It’s an honor to be recognized by AlwaysOn for the incredible progress we have made the last few years.”
This honor is the latest for Zuora in a string of awards in the last 12 months, including being named by SIIA as a CODiE Best Software-as-a-Service finalist, winning the “Best-in-Show” top honors at Under the Radar’s cloud conference, and being named to the JMP Securities 100, the Red Herring North America Hot 100, and best newcomer by the Software Satisfaction Awards.
About Zuora, Inc.
Zuora’s subscription billing and commerce 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 customers are up and running within 90 days and often 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. Zuora customers include Reed Business Information, Coremetrics, InsideView, Marketo, Ricoh, Box.net, Xactly, HD Cloud, Cloud Central and Sun Microsystems. To learn more about Zuora, please visit zuorainternprd.wpengine.com.
About AlwaysOn
AlwaysOn is the leading business media brand networking the Global Silicon Valley. AlwaysOn helped ignite the social media revolution in early 2003 when it launched the AlwaysOn network. In 2004, it became the first media brand to socially network its online readers and event attendees. AlwaysOn’s preeminent executive event series includes the Summit at Stanford, OnMedia, OnHollywood, Venture Summit Mid-Atlantic, OnDemand, Venture Summit Silicon Valley, Venture Summit East, GoingGreen Silicon Valley, GoingGreen East, and GoingGreen Europe. The AlwaysOn network and live event series continue to lead the industry by empowering its readers, event participants, sponsors, and advertisers like no other media brand.