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Subscription management firm Zuora agrees to be acquired for $1.7B
Zuora, a company selling subscription management software for businesses, has agreed to be acquired by private equity firms Silver Lake and GIC.
Zuora, a company selling software to help businesses manage their subscription-based services, has agreed to be acquired by private equity firms GIC and Silver Lake for $1.7 billion. “Since our founding, Zuora has evangelized the shift to the subscription economy and evolution to complex revenue models, providing technology necessary to monetize products and services,” Tzuo said in a press release. Most recently, Zuora launched a product to automate the process of reconciling and analyzing revenue while enabling firms to measure the impact of their subscription businesses.
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