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Zuora , a company selling software to help businesses contend their subscription - based services , hasagreedto be grow by individual equity firms GIC and Silver Lake for $ 1.7 billion .
The all - cash softwood is expected to close in Q1 2025 , subject to approval and customary windup conditions . It ’ll take Zuora , which is currently publicly trade in , secret . Tien Tzuo , Zuora ’s CEO and chairman , will continue to lead the company .
“ Since our introduction , Zuora has evangelized the displacement to the subscription economic system and evolution to complex revenue model , providing technology necessary to monetize products and services , ” Tzuo said in a press release . “ As a private party , with the support and expertness of Silver Lake and GIC , our monetization cortege will continue to lead in the marketplace . ”
Tzuo , along with K.V. Rao and Cheng Zou , founded Redwood City , California - establish Zuora in 2007 . Rao and Zou were engineers at WebEx , while Tzuo was master strategy and merchandising officer at Salesforce .
The idea behind Zuora was a political platform for orchestrating patronage ’ various billing system , with an vehemence on subscription management . Over the past decade , Zuora has lento expanded its offerings through fusion and acquisitions , purchasing subscription invoicing and charge startup Frontleaf , subscription experience platform Zephr , and revenue recognition software provider Leeyo .
Today , Zuora offers tools to help company keep track of subscription requital , pricing , and accounting , and a market place of apps built on top of Zuora ’s services . Most latterly , Zuora establish a ware to automatize the process of reconciling and analyzing revenue while enable business firm to measure the impact of their subscription job .
Before going public in 2018 , Zuora bring up $ 250 million in venture capital from investor including Benchmark , Greylock , and Salesforce ’s Marc Benioff . In August , the ~1,500 - employee ship’s company ’s grocery cap was hovering around $ 1.39 billion .
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In its most recent fiscal quarter ( Q2 2025 ) , Zuorabeatexpectations , reporting line up earnings per part of 19 cents , up from seven cents in Q2 2024 , on revenue of $ 115.4 million , up 7 % year - over - year .
“ Zuora ’s best - in - class software powers the receipts engines for many of the largest and most exciting company today , ” said Choo Yong Cheen , primary investment officer of private fairness at GIC , and Eric Wilmes , point of private equity , Americas at GIC , said in a joint statement . “ With speedy growth in the subscription economy , troupe requirements are becoming increasingly complex . Having build the category , Zuora ’s products and experience position it for continued marketplace leading . ”
Zuora ’s skill come on the heels of another major take - private PE mickle . This morning , Permira completed itsacquisitionof Squarespace after upping its bid to $ 7.2 billion .
PE mega - deals havesurgedthis yr , on track to challenge the 22 - year record set in 2021 . In Q2 , PE firmsannounced122 spate worth $ 196 billion , making it the unattackable period for PE capital deployment since the downswing began in Q3 2022 , harmonize to EY .
