Prior to Zuora
Ton Tzuo was the chief approach officer in Salesforce. com and K. V. Rao was brain of tactical marketing and organization development at WebEx. Both equally Tien Tzuo and T. V. Rao worked on building their respective billing solutions that was a big hurdle to many Software companies. Once realized that this is a huge untreated problem pertaining to SaaS companies, they observed this an opportunity to exploit this new e-commerce specific niche market in the SaaS Industry, hence creating Zuora. Cheng Zhou, the head of Bliss signed up with them and they were able to attain $6. five million start up investment via Benchmark, a venture capital organization, and Benioff, Tien Tzuo's former supervisor, the president of Salesforce. com Evaluation of Zuora Inc like a business
Ton Tzuo and K. Versus. Rao founded Zuora to address the need for payment efficiency. They are aware that there is an increase in items being offered as a subscription service (i. elizabeth. Netflix supplying a monthly registration for a collection of displays and movies, Zipcar offering a pay as-you-go utility that eliminates the need to buy automobiles etc). All their vision is always to provide an e-commerce platform providing you with a cheap, state-of-the-art and highly efficient billing systems. Before the kick off of their payment module, they will tested their program to five alpha buyers. Their responses caused Zuora to create a repayment module that handles payments, and agreed upon a relationship contract with PayPal. Using their launch in October 08, their Z-billing product purcahased by over seventy customers. In January 2010, Zuora released one other product, Z-commerce, a billing platform aimed towards impair developers What is wrong?
Zuora currently confronts the following threats:
вЂўThe surge of Cloud Computing
вЂўOffline Subscription of Zuora's current services proposed by their competition such as AT& T or Zipcar вЂўGiven the constant enhancements made on the market mechanics of the technology industry, Zuora must be in a position to вЂquick think' of chances in order to enhance its current position as a...