Zuora Inc., a leading monetization suite for modern business, announced that Zuora has been positioned by Gartner as a Leader in the Magic Quadrant for Recurring Billing Applications for the Zuora Monetization Suite. 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.
SOURCE: BusinessWire