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Fast-Growing Zuora Offers On-Demand, Subscription Management and Cloud Billing
Saugatuck Technology, Oct 2009, Pages: 4
A two-year-old, pure-play Cloud startup, Zuora is already growing past the $5 million mark and projects revenues of $8 million in 2009, despite the difficult economic climate. Zuora fuels this growth with a SaaS billing and payments solution backed by a deep management team with strong pedigrees, including top executives from salesforce.com, WebEx, Google (Postini), eBay and Oracle, and a board that includes executives from Accenture, Cisco, and PayPal President Scott Thompson.
Zuora has signed up a handful of enterprise customers including Sun MicroSystems and Reed Business Information, a global publisher that is part of media giant Reed Elsevier based in the UK (see Note 1). Due to the pending Oracle acquisition, the Sun Microsystems account could be in jeopardy. Nevertheless, Zuora offers a functionally rich billing solution – order to cash – that can compete with many of the more established on-premise and Cloud solutions, particularly in its market sweet spot, the Cloud startup business.
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