Zuora's Online Billing Solution, Z-Billing, Sees Strong Market Demand with 17 Customer...

Zuora's Online Billing Solution, Z-Billing, Sees Strong Market Demand with 17 Customer Wins in First Two Months

Marketo, Cloud9, TopRight and Coremetrics among the First
Successful Deployments
SAN FRANCISCO--(Business Wire)--
Zuora, Inc., formed by Software-as-a-Service (SaaS) industry
veterans from salesforce.com and WebEx to revolutionize the
subscription billing industry, announces it has achieved a high number
of early customer acquisitions since the launch of its first product.
Companies that range from enterprise level to one-man startups are
coming to Zuora for an online billing solution designed specifically
to help manage and grow their SaaS and subscription businesses.

"When we formed Zuora, we believed the subscription industry was
hungry for an online billing solution designed specifically for this
complex model. The response we've received since our launch has proven
this to be true," said Tien Tzuo, CEO of Zuora. "Subscription
businesses need customizable pricing and packaging, a scalable
quote-to-cash process, and different metrics to succeed under this
model. That's exactly what Z-billing delivers."

After launching Z-Billing at SIIA Netgain in May 2008, Zuora has
quickly signed and deployed 17 customers including: Cloud9 Analytics,
a provider of on-demand business intelligence applications; Marketo, a
B2B lead management software provider; and TopRight, a one-man startup
providing marketing database solutions to online retailers. These and
other customers join Coremetrics, a developer of digital marketing
optimization solutions, and one of Zuora's previously announced
customers.

Marketo switched from Aria to Z-Billing for the product's
flexibility, ease-of-use and implementation, and integration with CRM
and accounting systems. "Z-Billing allows our company to track and
manage all of our recurring revenue in a very simple way that just
wasn't possible before," said Phil Fernandez, CEO of Marketo. "The
team at Zuora really understands our business model, our visions are
well aligned, and we have great confidence that this solution will
help us more and more over time."

Cloud9 Analytics CEO Swayne Hill goes on to say, "Many businesses
believe SaaS is an easy model to manage. However, from a billing
perspective, it is a costly, difficult process. Z-Billing has allowed
us to grow rapidly and scale our operations in a very seamless way.
Their implementation process was also painless, and we were able to
integrate Z-Billing very quickly and easily."

Zuora has created a major shift in how subscription businesses
operate with a unique Web-based billing system called Z-Billing. It is
the first billing software of its kind for SaaS and other subscription
businesses. Z-Billing is built as an on-demand service, putting
control and flexibility in the hands of the end user. It allows
businesses in all industries and all sizes to quickly launch new
products and pricing options, scale operations and have one central
location for all of their revenue-related data.

Zuora announced a Series A funding round of $6.5 MM from Benchmark
Capital and Marc Benioff in March 2008. The company plans to announce
an advisory board later this summer, as well as launch additional
products this year to support the growing subscription industry. For
more information, go to www.zuora.com.

About Zuora, Inc.

Zuora, Inc. is a Redwood City-based company created to support the
growing subscription market with a complete solution that is flexible,
powerful and integrates with the entire company infrastructure. The
platform created by Zuora changes the way subscription businesses
manage and sell to customers, as well as allows them bring new
products to the market in less time, and with less hassle. Zuora was
built from the ground up by SaaS industry visionaries and veterans
from salesforce.com, WebEx, Accenture, Postini (now Google) and
Oracle. To learn more about Zuora, please visit www.Zuora.com.

Ubiquity Public Relations
Aly Saxe, 602-268-6849
aly@ubiquitypublicrelations.com

Copyright Business Wire 2008