Redwood City, CA — March 15, 2010 — Zuora, Inc., the fastest growing on-demand subscription billing and payments service, announced today that they have been nominated by Morgan Stanley for the AlwaysOn First Annual OnDemand 100 Top Private Companies list. Zuora was the only true SaaS billing and subscription commerce solution to receive such honors.
Zuora receives two top honors in just one week
AlwaysON started the selection process with over 1200 companies and have only invited a select few to move to the final round based on 5 criteria.
Innovation — Zuora’s subscription billing and payments platform is the only one on the market built from the ground up by SaaS industry veterans. Zuora’s rapid monthly release cycles means Zuora customers have access to constant upgrades and improvements just by logging in.
Market Potential — The world is moving to subscription services, and the potential in the SaaS billing market alone is over $14 billion by 2013 according to a recent Gartner study.
Customer Adoption — Zuora has the fastest growing list of customers including Reed Business Information, Coremetrics, InsideView, Marketo, Ricoh, Box.net, Xactly, HD Cloud, Cloud Central, GigaOm and Sun Microsystems.
Media Buzz — According to AMR, “Zuora’s first 2 years have been remarkable. They charged out of the gate in 2008 and immediately captured a leadership position in online billing”.
Investor Value Creation — Zuora has had two successful funding rounds totaling more than $21M, including investors from Benchmark, Shasta Ventures, Tenaya Capital and Marc Benioff, CEO of Salesforce.com.
Just last week, Zuora was also select as Best Software–as-a-Service finalist by SIIA’s CODiE award.
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 www.zuora.com.