Zuora, a company that offers subscription-based business solutions, has signed a $1.7 billion acquisition agreement with Silver Lake and GIC. This agreement will end Zuora’s status as a publicly traded company, transforming it into a private one.
It has been announced that shareholders will receive $10 in cash per share, representing an 18% premium over the current share price. The agreement has been unanimously approved by a special committee made up of independent board members of Zuora. The acquisition deal is expected to be completed in the first quarter of 2025. Zuora’s CEO, Tien Tzuo, stated that this investment would support the company’s growth strategies and solidify its position in the subscription economy.
Founded in 2007 by Cheng Zou, KV Rao, and Tien Tzuo, Zuora offers software that helps modern businesses manage subscription and usage-based models. The U.S.-based company develops flexible solutions in areas such as pricing, billing, payments, and revenue accounting. Zuora serves over 1,000 customers, including well-known companies like BMC Software, General Motors, The New York Times, and Zoom.
Silver Lake is known as a private equity firm specializing in technology investments, having invested in numerous tech companies worldwide. GIC, on the other hand, is a sovereign wealth fund owned by the Singapore government, known for its long-term investments.
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Arwen Volkov, A graduate of the University of St. Gallen in Switzerland with a degree in International Finance, Arwen specializes in sustainable finance and green investments. She began her career at an investment bank in London, where she developed financing models for environmentally friendly projects. Known for her analytical and strategic thinking skills, Arwen is a sought-after financial consultant. In her spare time, she mentors fintech startups, contributing to their growth strategies. She is also a nature enthusiast and an amateur photographer.
