SAN MATEO, Calif.--(BUSINESS WIRE)--Zuora, Inc. (NYSE: ZUO), the leading cloud-based subscription management platform provider, today announced the company added five new U.S. patents in FY’19, continuing to develop innovative technology to power the Subscription Economy®.
“We are excited to be solving the most challenging engineering problems that will enable companies around the world to transform their business models and benefit from these innovations for the next decade of their growth. Zuora’s latest patents reflect the consistent execution of our technology team to continuously innovate our two flagship products—Zuora® Billing and Zuora RevPro®,” said Brent Cromley, Senior Vice President of Technology at Zuora.
Adding to its existing patent portfolio this year, Zuora had five new patents awarded by the USPTO, further establishing Zuora as the leader in the subscription billing and revenue recognition markets. The five new patents include a method for projecting recognizable revenue based on the likelihood of deviation, a method of triaging system assets in a multi-tenant architecture, and a variety of methods for optimizing product and system performance, product and security.
“Zuora’s patent portfolio has seen exciting growth, reflecting the continued investment in our best-in-class technology, the continued growth and sophistication of our engineering teams, and unparalleled value for our customers,” said Jennifer Pileggi, Senior Vice President and General Counsel at Zuora.
About Zuora, Inc.
Zuora provides the leading cloud-based subscription management platform that functions as a system of record for subscription businesses across all industries. Powering the Subscription Economy®, the Zuora® platform was architected specifically for dynamic, recurring subscription business models and acts as an intelligent subscription management hub that automates and orchestrates the entire subscription order-to-cash process, including billing and revenue recognition. Zuora serves more than 1,000 companies around the world, including Box, Komatsu, Rogers, Schneider Electric, Xplornet and Zendesk. Headquartered in Silicon Valley, Zuora also operates offices in Atlanta, Boston, Denver, San Francisco, London, Paris, Beijing, Sydney, Chennai and Tokyo. To learn more about the Zuora platform, please visit www.zuora.com.
© 2019 Zuora, Inc. All Rights Reserved. Zuora, Subscription Economy, Powering the Subscription Economy are trademarks or registered trademarks of Zuora, Inc. Other names and brands may be claimed as the property of others. Nothing in this press release should be construed to the contrary, or as an approval, endorsement or sponsorship by any third parties of Zuora, Inc. or any aspect of this press release.
SOURCE: Zuora Financial