MGI Research Ranks Zuora Revenue No. 1 in Product and Strategy in 2024 Automated Revenue Management Ratings

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Zuora Revenue has been ranked No. 1 in Product and Strategy by MGI Research in their 2024 Automated Revenue Management (ARM) Buyer's Guide and MGI 360™ Ratings – Market Ratings Report. The company received the highest rating in solution strength and scored eleven points above the peer average.

MGI recognized Zuora Revenue for its:

• Ability to meet automation needs of complex enterprises
• Expanded vision of revenue automation
• Continued investment in reliability, scalability, and security

Zuora's platform supports various revenue models, including usage-based, subscriptions, one-time transactions, and hybrid offerings. The company was also recognized as a top-ranked billing solution in MGI Research's Agile Billing Top 50 Buyer's Guide and named a Leader in the 2024 Gartner® Magic Quadrant™ for Recurring Billing Applications.

Buyer’s Guide rates Zuora highest in solution strength

REDWOOD CITY, Calif.--(BUSINESS WIRE)-- Zuora, Inc. (NYSE: ZUO), a leading monetization suite for modern business, today announced MGI Research (MGI) has ranked Zuora Revenue in first place across Product and Strategy in its Automated Revenue Management (ARM) Buyer’s Guide and the latest MGI 360™ Ratings – Market Ratings Report (MRR).

Zuora Revenue maintained a Positive Analyst Outlook from MGI, with the highest rating in solution strength and an overall score eleven points higher than the peer average.

MGI gave Zuora Revenue the top rankings across:

• Product: MGI recognized Zuora Revenue as a leading, feature-rich solution with a demonstrated ability to meet the automation needs of complex and public enterprise companies.
• Strategy: Zuora Revenue was highlighted for expanding its vision of revenue automation to handle a broader range of customer sizes and use cases, while continuing to invest in product reliability, scalability and security.

Zuora powers revenue recognition for any business model, including usage-based models, subscriptions, one-time transactions, hybrid offerings and more. Through a dynamic and diverse mix of revenue models, Zuora helps companies monetize across their business, from pricing and packaging, to billing, payments and revenue accounting.

"With powerful automation and flexibility, Zuora Revenue helps businesses navigate the complexities of modern revenue models,” said Karthik Ramamoorthy, GM and SVP of Product at Zuora. “This recognition from MGI Research underscores our commitment to helping enterprise organizations across industries achieve reliable, scalable and secure revenue management.”

In addition to the ARM Buyer’s Guide, Zuora was recognized as a top-ranked billing solution in MGI Research’s Agile Billing Top 50 Buyer’s Guide. Zuora was also recently named a Leader in the 2024 Gartner® Magic Quadrant™ for Recurring Billing Applications and a Leader with the highest rating in the ISG Software Research Subscription Management Buyers Guides.

To learn more about Zuora Revenue and the ratings, visit here.

About Zuora, Inc.

Zuora provides a leading monetization suite to build, run and grow a modern business through a dynamic mix of usage-based models, subscription bundles and everything in between. From pricing and packaging, to billing, payments and revenue accounting, Zuora’s flexible, modular software platform is designed to help companies evolve monetization strategies with customer demand. More than 1,000 customers around the world, including BMC Software, Box, Caterpillar, General Motors, The New York Times, Schneider Electric and Zoom use Zuora’s leading combination of technology and expertise to turn recurring relationships and recurring revenue into recurring growth. Zuora is headquartered in Silicon Valley with offices in the Americas, EMEA and APAC. To learn more, please visit zuora.com.

Forward-Looking Statements

This press release may be deemed to contain forward-looking statements. Words such as "plan," “expect” and "will" and variations of such words and similar expressions are intended to identify forward-looking statements. Such forward-looking statements involve risks and uncertainties. There are a significant number of factors that could cause actual results to differ materially from statements made in this press release.

Information on these risks and additional risks and uncertainties that could cause actual outcomes and results to differ materially from those included in or contemplated by the forward-looking statements contained in this release is included under the caption “Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended January 31, 2024 and the Quarterly Report on Form 10-Q for the most recent fiscal quarter, which is available on the “Investors” page of our website at https://investor.zuora.com and on the U.S. Securities and Exchange Commission’s website at www.sec.gov. Additional information will also be set forth in other documents that we may file from time to time with the Securities and Exchange Commission. All forward-looking statements contained herein are based on information available to us as of the date hereof. Except to the extent required by law, we do not assume any obligation to update these statements as a result of new information, future events, or otherwise.

© 2024 Zuora, Inc. All Rights Reserved. Third party trademarks mentioned above are owned by their respective companies. 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, INC.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240829246869/en/

Media Contact:

Margaret Juhnke

press@zuora.com

619-609-3919

Investor Relations Contact:

Luana Wolk

investorrelations@zuora.com

650-419-1377

Source: Zuora, Inc.

FAQ

What recognition did Zuora Revenue receive from MGI Research in 2024?

Zuora Revenue (ZUO) was ranked No. 1 in Product and Strategy in MGI Research's 2024 Automated Revenue Management Buyer's Guide and MGI 360™ Ratings – Market Ratings Report.

How did Zuora Revenue's score compare to its peers in the MGI Research report?

Zuora Revenue (ZUO) received the highest rating in solution strength and scored eleven points higher than the peer average in the MGI Research report.

What types of revenue models does Zuora's platform support?

Zuora's platform supports various revenue models including usage-based, subscriptions, one-time transactions, hybrid offerings, and more.

What other recognition has Zuora received in 2024?

In 2024, Zuora (ZUO) was also recognized as a top-ranked billing solution in MGI Research's Agile Billing Top 50 Buyer's Guide and named a Leader in the Gartner® Magic Quadrant™ for Recurring Billing Applications.