Zuora to Buy Zephr, for Up To $50M
Zuora, Inc. (NYSE: ZUO), a Redwood City, CA-based cloud-based subscription management platform provider, announced its planned acquisition of Zephr, a London, UK-based subscription experience platform used by global digital publishing and media companies.
Under the terms of the acquisition agreement, Zuora will acquire Zephr for $44m in cash payable at close, plus an earnout consideration of up to $6m, subject to certain financial objectives. At closing, the company expects the acquisition to contribute approximately $5m to Zuora’s annual recurring revenue (ARR). The acquisition is subject to customary approvals and closing conditions, and is expected to close in early September.
As an existing Zuora® partner, Zephr’s pre-integrated solution is in use today by joint customers, and will immediately expand Zuora’s product suite. Upon closing, Zephr will become a part of Zuora’s existing product suite, alongside Zuora Billing, Zuora Revenue, and Zuora Collect. The company’s employees will join Zuora to continue advancing innovation and the success of the combined customer base.
Founded in 2018 by James Henderson and Chris Scott, Zephr is a subscription experience platform focused on accelerating revenue growth for leading digital publishing and media companies. The solution combines an intuitive user interface and plug-and-play integrations to let commercial and technical teams develop subscription relationships and deliver personalized experiences for every customer at the right time for the right price. Customers include News Corp, McClatchy, and Bauer.
Led by Tien Tzuo, CEO and Founder, Zuora provides a cloud-based subscription management platform that functions as a system of record for subscription businesses across all industries. The system was architected specifically for dynamic, recurring subscription business models, and acts as an intelligent subscription management hub that automates and orchestrates the entire quote to cash and revenue recognition process. Capabilities include identity management, intelligent trials, dynamic paywalls, entitlements management, and a decision engine that helps deliver experiences that are personalized for every subscriber. The company serves more than 1,000 companies around the world, including Box, Ford, Penske Media Corporation, Schneider Electric, Siemens, Xplornet, and Zoom. Zuora also operates offices around the world in the U.S., EMEA and APAC.
Zuora to Buy Zephr, for Up To $50M. Congratulations to the entire team. I wish you great success in this endeavour.Shishir Gupta, Founder and CEO, StartupLanes
Don’t keep wondering about funding, you can also raise funds. Learn how to raise funds here: Yes I want to raise funds.
If you are an emerging startup and are looking for investors to raise funds, StartupLanes has its own angel network and investment banking services and is connected to angel investors and VCs in 15 countries that ensure that our member startups have easy access to external funds to scale up constantly.
You can subscribe to our news posts by entering your email in the box on the right side of this page.
Check out our YouTube channel for insightful content from the Indian startup ecosystem.
The right investment is key to beating inflation and growing your wealth. Do you wish to become an angel investor? Yes, I want to be an angel investor.
Are you a startup and facing challenges in your business? Do you want to grow your business? It is not as difficult as it sounds. Learn how to grow your business here- Yes, I want to grow my business. For any rectifications, reach out to firstname.lastname@example.org