Silver Lake and GIC to acquire Zuora for $1.7bn.

Silver Lake, a private equity firm, and GIC, a sovereign wealth fund, agreed to acquire Zuora, a monetization suite for modern business, for $1.7bn. “Since our founding, Zuora has evangelized the shift to the Subscription Economy and evolution to complex revenue models, providing technology necessary to monetize products and services. As a private company, with the support and expertise of Silver Lake and GIC, our monetization suite will continue to lead in the marketplace. We look forward to entering this next phase of growth alongside Silver Lake, GIC and our team of ZEOs,” Tien Tzuo, Zuora Founder, CEO and Chairman of the Board.