"...Zuora, by their own description, creates cloud-based software on a subscription basis that enables any company in any industry to successfully launch, manage, and transform into a subscription business.
In short, Zuora builds a platform and tools that allow other enterprises to join the subscription economy.
Zuora participates in the cloud-based billing and revenue recognition market, which could be worth as much as $9 billion in 2022. The company’s software platform, a system of record for subscription management and revenue automation, is an alternative to legacy enterprise resource planning (ERP) systems, which tend to be ill-equipped to handle the dynamic nature of subscription-based business models.
Zuora continues to perform well at the enterprise level, as more than 85% of its annual recurring revenue is generated by 526 customers (up 27% year over year) with annual contract value of at least $100,000. In FY’19, Zuora signed more than 30 new deals worth $250,000+, an increase of nearly 50% from the prior year.
Robert DeFrancesco over at Forbes put together a good, quick profile of ZUO last week. s.Link oben