Company recognized for driving business process innovation and cost containment
Redwood City, CA — May 26, 2010 — Zuora, the first and only cloud-based billing and commerce platform, today announced that it has been recognized by market-research firm Beagle Research Group with one of the firm’s inaugural ThinkForward sustainability awards. In presenting the award, Beagle Research praised Zuora for its ability to help companies “streamline billing and customer service operations” as well as to “quickly innovate with pricing and packaging alternatives” for customers.
“Zuora is miles ahead in the industry with a subscription billing solution that transforms the way SaaS companies monetize their offerings and bring new products to market,” said Denis Pombriant, managing principal at Beagle Research Group. “We chose Zuora as a ThinkForward Award recipient because they are not only revolutionizing the subscription economy, but also making it easier and less expensive for companies to deliver SaaS solutions — a major advancement to driving more sustainable business.”
According to Beagle Research Group, the ThinkForward Award “highlights the practical application of front office business software that helps companies innovate new business processes to reduce multiple costs, such as transportation and travel, as well as for more fully engaging customers as full partners in the vendor-customer relationship.” Further, Beagle Research states, “Winners of the 2010 ThinkForward award were evaluated for their ability to provide sustainable support for business in at least one of three dimensions — business processes, cost containment and treating customers as a renewable business resource.”
“Zuora signed over $1 billion in contracted subscription revenue in the first quarter of our new fiscal year, which ended April 30. Clearly this momentum in the market is driven by a need for SaaS companies to better manage and monetize their businesses, the very thing Zuora does best,” said Shawn Price, president and general manager at Zuora. “We’re thrilled to be recognized among a great list of industry leaders and innovators with a Beagle Research Group ThinkForward 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 30 to 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.