Zuora : NEC Selects Zuora’s Platform for Subscription Business Platform

Zuora (head office: San Francisco, California, USA; Zuora Japan K.K.: Chiyoda-ku, Tokyo; President: Junichiro Kuwano, hereafter 'Zuora'), the leading cloud-based subscription management platform provider, today announced that NEC Corporation (head office: Minato-ku, Tokyo, Japan; President and CEO: Takashi Niino, hereafter 'NEC') has chosen Zuora's platform as the core component of its platform for enterprise subscription business implementation.

Background

With the shift in consumer demand from ownership to usage-based consumption, companies are being compelled to transform their business models from selling products to offering subscription-based services. NEC is currently integrating its latest ICT and service business expertise into a platform that it is developing and expanding to support the prompt deployment of subscription businesses by enterprises. It will also provide comprehensive consulting services covering all stages from service design to post-launch operations.

NEC has chosen the Zuora® platform to serve as the core component of this subscription service platform. It gives Zuora high marks particularly for the impressive track record it has built by enabling over 1,000 companies in Japan and overseas to launch subscription businesses on its platform, and expertise that enables it to constantly update its technology and address the requirements of various industries.

Zuora platform features

Zuora provides the leading cloud-based subscription management platform for transforming to a subscription business model and improving revenue. Architected specifically for dynamic, recurring subscription business models, the Zuora platform acts as an intelligent subscription management hub that automates and orchestrates the entire subscription order-to-cash process, including billing and revenue recognition, that traditional ERP, CRM and sales management systems cannot handle.

NEC's subscription business platform

NEC is building a subscription business platform that combines Zuora's platform as its core component with AI and IoT components such as its NEC the WISE lineup of AI components and its Bio-Idiom lineup of face recognition, iris recognition, fingerprint/palm print recognition, voice recognition, ear acoustics authentication and other biometric authentication technologies. NEC and Zuora will pool their technologies and knowledge to support the creation of services that can generate new value from enterprise assets.

Endorsements

NEC Corporation commented as follows:

'We at NEC have been highly impressed by the way Zuora's platform supports subscription business across a wide range of industries and are delighted to be working with Zuora. We believe that by combining Zuora's platform with our own NEC the WISE, Bio-Idiom, and other advanced ICT technologies and our knowledge of service business, we will be able to drive the rapid creation of new services by our customers. We will continue to merge the knowledge of both companies to generate new social value and contribute to the creation of an even more prosperous society.'

About Zuora, Inc.

Zuora provides the leading cloud-based subscription management platform that functions as a system of record for subscription businesses across all industries. Powering the Subscription Economy™, the Zuora® platform was architected specifically for dynamic, recurring subscription business models and acts as an intelligent subscription management hub that helps automate and orchestrate the entire subscription order-to- cash process, including billing and revenue recognition. Zuora serves more than 1,000 companies around the world, including Box, Komatsu, Rogers, Schneider Electric, Xplornet and Zendesk. Headquartered in Silicon Valley, Zuora also operates offices in Atlanta, Boston, Denver, San Francisco, London, Paris, Beijing, Sydney,

Chennai and Tokyo. To learn more about the Zuora platform, please visit www.zuora.com.

© 2018 Zuora, Inc. All Rights Reserved. Zuora, Subscription Economy and Powering the SubscriptionEconomy,and Subscription Economy Index are trademarks or registered trademarks of Zuora, Inc. Other names and brands may be claimed as the property of others. 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.

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Masako Saito
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