Zuora Recognized by AlwaysOn as 2012 OnDemand Company of the Year
REDWOOD CITY, CA, Apr 05, 2012 (MARKETWIRE via COMTEX) --
Zuora, the billing, commerce and finance leader for the
Subscription Economy, has been named the AlwaysOn OnDemand Company of
the Year for 2012. Zuora CEO Tien Tzuo accepted the award onstage at
the AlwaysOn OnDemand conference in Cupertino.
"Zuora has demonstrated clear leadership in defining not just a new
on-demand solution, but a fundamental shift to new on-demand business
models," said Tony Perkins, Founder and Editor, AlwaysOn. "Zuora is
leading the revolution to enable the Subscription Economy and, in the
process, has built one of the next great enterprise software
In selecting Zuora, AlwaysOn stated, "With early market entry, strong
revenue, and an extremely stable, secure, and useful suite of
products, Zuora's success and continued growth is indicative of its
ability to launch and monetize subscription-based products and
services of any size in any market."
Tzuo delivered a keynote at the OnDemand conference, entitled "The
Only 3 Metrics That Matter For A SaaS Economy Company," discussing
the critical financial changes brought by the shift to the
AlwaysOn announced who the OnDemand Top 100 winners were last month.
For a third consecutive year, Zuora was honored by AlwaysOn on the
Top 100 list. Companies were selected based on a set of five
criteria: innovation, market potential, commercialization,
stakeholder value, and media buzz.
The competition this year was fierce, with hundreds of private
technology companies being nominated by investors, technology
leaders, journalists, industry insiders and bankers. Zuora customers
Box.net, GoGrid, Xactly, Acquia, MuleSoft, Syncplicity, Symplified,
Jive Software, Marin Software, Marketo, DotNetNuke, BrightEdge,
BranchOut, PeopleMatter, Yammer, and Zendesk were also honored this
When it was founded in 2007, Zuora predicted a fundamental shift from
the 20th century product-based, "buy once" economy to a
services-based economy based on recurring revenue. Today, the
Subscription Economy is fueling massive change across communications,
media, technology, consumer services and other billion dollar
industries that are embracing subscription revenue models.
In four years, Zuora has enabled this transformation by creating a
comprehensive platform built for subscription businesses, pioneering
the subscription commerce market and becoming the leading provider of
solutions for the Subscription Economy. Zuora's key accomplishments
in its first four years include:
-- Built one of the fastest-growing private enterprise software
companies, including more than 100% annual growth in bookings, 10
deals over $1M in the last 18 months, and doubling the company size in
2011 to nearly 200 employees.
-- Trusted to run the mission-critical revenue operations of large
enterprise customers, including: AAA No. California, Nevada and Utah,
Dell, Concur, IBM Coremetrics, Informatica, News International, Reed
Business Information, Qualcomm, Ricoh, Tata Communications, Touring
Club Suisse, TripAdvisor, VNU Media, Vocus, and Xplornet.
-- Chosen by emerging Subscription Economy leaders including: Box,
Branchout, Cloud9, DocuSign, Marketo, MuleSoft, Ning, Ooyala,
salesforce.com's Radian6 division, Splunk, Symplified, TimeTrade,
Ustream, Xactly, Yammer and ZenDesk.
-- Established partnerships with many of the leaders in cloud computing
and commerce, including: Microsoft, Netsuite, PayPal, salesforce.com,
VMware, and Workday.
-- Delivered new technology and capabilities to customers for 34 straight
months, an unparalleled pace of innovation in the technology industry.
-- To date, Zuora has raised $82.5 million in funding from
industry-leading investors including Benchmark Capital, Greylock
Partners, Index Ventures, Redpoint Ventures, Shasta Ventures,Tenaya
Capital and personal investments from Dave Duffield, founder and
co-CEO, Workday and Marc Benioff, chairman and CEO, salesforce.com.
"The Subscription Economy has grown dramatically from early on-demand
models into a driving force of the global economy. This year's Top
100 list represents some of the leading companies driving this
revolution," said Tien Tzuo CEO of Zuora. "We believe the
Subscription Economy is kicking off a wave of on-demand business
models that will remake billion dollar industries. It is a
fundamentally new way of doing business that provides a means to
better serve customers, build stronger market-leading companies and
pave the way for future business model innovation."
About Zuora, Inc.
Zuora's subscription commerce and billing 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,
InsideView, Marketo, Ricoh, Box.net, Ning, Ustream, Informatica,
Xplornet Communications (formerly Barrett Xplore) and Open Range. To
learn more about Zuora, please visit www.zuora.com.
AlwaysOn OnDemand Top 100 Private Companies
The OnDemand Top 100 are
the top emerging Internet companies disrupting the established
enterprise and pioneering cloud computing and SaaS. The list
identifies the top 100 private companies that are taking old notions
of data management, customer relationships, and infrastructure and
forging solutions that will shake up the industry and lead to huge
value creation opportunities.
Reidy Communications for FinancialForce.com
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