Zuora Recognized as a Leader in 2024 Gartner® Magic Quadrant™ for Recurring Billing Applications

Zuora placed furthest in Completeness of Vision

Zuora Inc. (NYSE:ZUO), a leading monetization suite for modern business, today announced that Zuora has been positioned by Gartner as a Leader in the Magic Quadrant for Recurring Billing Applications for the Zuora Monetization Suite.¹ The evaluation was based on specific criteria that analyzed the company's overall Completeness of Vision and Ability to Execute. Within the quadrant, Zuora was placed furthest in Completeness of Vision.

"It is an honor to be recognized as a Leader in the Recurring Billing Applications Magic Quadrant, which we believe reaffirms Zuora's ability to enable flexible monetization at scale for any business model," said Pete Hirsch, Chief Product and Technology Officer at Zuora. "Zuora predicted and led the shift from one-time transactions to the proliferation of recurring revenue businesses, and as momentum increases for usage-based and hybrid models, we now offer the most complete monetization suite to help companies evolve how they monetize with customer demand."

The Zuora Monetization Suite enables companies to power a dynamic mix of revenue models, pricing and packaging, including usage-based models, subscriptions and hybrid offerings. From billing to payments and revenue accounting, Zuora provides a flexible, modular software platform designed to help companies power any business model.

A Gartner Magic Quadrant is a culmination of research in a specific market, giving you a wide-angle view of the relative positions of the market's competitors. A Magic Quadrant provides a graphical competitive positioning of four types of technology providers, in markets where growth is high and provider differentiation is distinct: Leaders, Challengers, Visionaries and Niche Players. The research enables you to compare a technology provider's strengths and challenges with your specific needs.

View a complimentary copy of the Magic Quadrant report here.

Gartner Disclaimer

Gartner, Magic Quadrant for Recurring Billing Applications, Mark Lewis, Robert Anderson, 6 August 2024.

Gartner does not endorse any vendor, product or service depicted in our research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally, and MAGIC QUADRANT is a registered trademark of Gartner, Inc. and/or its affiliates and are used herein with permission. All rights reserved.

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¹ Source: Gartner, "Magic Quadrant for Recurring Billing Applications," August 2024.

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 fiscal quarter ended April 30, 2024, 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.

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