Zuora Goes Private for $10 Per Share

<p><strong>REDWOOD CITY<&sol;strong> &&num;8212&semi; Zuora&comma; Inc&period;&comma; a subscription management platform for businesses&comma; has been acquired by Silver Lake&comma; the global leader in technology investing&comma; in partnership with an affiliate of GIC Pte&period;&comma; for &dollar;10&period;00 per share in cash&period; With the completion of the acquisition&comma; Zuora’s Class A common stock will cease trading and the Company will no longer be listed on the New York Stock Exchange&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;Zuora’s vision sparked the shift to the Subscription Economy that led to today’s new world of recurring&comma; usage-based and hybrid revenue models&comma;” said Tien Tzuo&comma; Zuora’s Founder&comma; CEO and Chairman of the Board&period; &OpenCurlyDoubleQuote;Completing this transaction with Silver Lake and GIC is an important milestone in the next phase of our journey&period; With the support of both partners&comma; we will continue to provide our customers with the market-leading technology necessary to transform their financial operations and power enterprise monetization at scale&period;”<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;We are pleased to continue our partnership with Zuora and its team of ZEOs as they enable customers globally with its leading monetization platform&comma;” said Joe Osnoss&comma; Managing Partner at Silver Lake and Mike Widmann&comma; Managing Director at Silver Lake&period; &OpenCurlyDoubleQuote;Zuora’s capabilities are increasingly strategic to drive growth and simplicity in a highly dynamic technology environment for both enterprises and consumers&period;”<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;GIC is proud to partner with Zuora&comma; a market leader and proven innovator&comma; to meet the significant demand for its services in the Subscription Economy&comma;” said Choo Yong Cheen&comma; Chief Investment Officer of Private Equity at GIC and Eric Wilmes&comma; Head of Private Equity&comma; Americas at GIC&period; &OpenCurlyDoubleQuote;Working alongside Zuora’s management team and our partners at Silver Lake&comma; we will be able to leverage our collective resources&comma; experience&comma; and long-term outlook to invest in Zuora’s continued success and deliver on our shared vision for the future&period;”<&sol;p>&NewLine;