Zuora Names Finance Head at Leading Mobile Payments Provider as CFO
REDWOOD CITY, CA, Sep 13, 2010 (MARKETWIRE via COMTEX) --
Zuora, the subscription billing leader, today announced that Tyler
Sloat has joined Zuora as Chief Financial Officer. Sloat brings
strong financial experience in securing capital and growing market
leaders in both mobile payments and storage and cloud computing,
including raising over $100 million for Obopay.
Sloat joins on the heels of two other key executives joining the
company last month, further illustrating Zuora's aggressive efforts
to deliver on the growing opportunities of the Subscription Economy.
In August, Zuora named Luke Braud, former Senior Vice President of
Products and Engineering for NetSuite as Vice President of Products
and Engineering. The company also named seasoned marketer Andrew
Harman as Chief Marketing Officer.
"In the rapidly growing subscription market the consumers of these
services are demanding flexible models designed to meet the way they
use services. Whether a SaaS, Cloud, Media, Consumer Services or
Telco player, a company's billing capabilities will define the
product catalog they will be able to offer to the market. As
companies shift more of their revenue to these service models,
recurring billing and payments are becoming increasingly strategic,
changing the face of the CFO role," said Sloat. "Just as Zuora has
developed the best practices in recurring and subscription billing,
part of my role will be communicating to other CFOs how to make the
shift to the Subscription Economy. I'm thrilled to join the company
at such a key time in the company's growth and look forward to
working with the other members of this Dream Team of executives to
bring Zuora to the next level."
In other recent appointments, Zuora named former IBM and Interwoven
executive Steven Martello as VP of Services in May. Earlier, Zuora
hired Elizabeth Tse, former VP of Global Billing, Payments &
Collections at eBay, as VP of Customer Operations. Additionally,
Shawn Price, former CEO of Savvion and EVP at Vitria, was named
"Zuora has quickly become the leader in the subscription billing
industry, and the market only continues to grow in size and scope as
more companies launch subscription offerings," said Tien Tzuo, CEO
and Chairman at Zuora. "Tyler is key to our growth plans because he
has vast financial expertise, the right industry knowledge and a
passion to help us deliver on the market opportunity."
Sloat's career spans executive and leadership roles in finance and
operations for payment software and hardware technology companies,
varying in size from early stage to Fortune 500 companies. Prior to
Zuora, Sloat was the Chief Financial Officer for Obopay, the global
leader in mobile payments where he was responsible for all finance,
accounting, treasury operations and business intelligence functions.
Sloat was integral in raising well over $100M in investment and
strategic capital, forming global commercial relationships with the
likes of Nokia, MasterCard and Societe Generale, and deploying
Obopay's mobile payment service in four countries spanning three
Before Obopay, Sloat was the Controller of the Emerging Products
Group at Network Appliance, Inc., a position he was promoted to after
the successful acquisition of Decru by Network Appliance. As
Controller of Decru, Sloat reported to the CEO and owned all finance,
sales operations and product operations functions. Earlier in his
career, Tyler was Controller for POET Software Corporation, playing a
key role in their IPO. After POET, Sloat was head of finance for the
on-demand business unit of Siebel Systems. Sloat started his career
with the Computer Assurance Services division of Coopers & Lybrand,
later transferring to audit.
Tyler is a registered C.P.A. in the State of California, has an
M.B.A. from the Stanford Graduate School of Business and has a B.A.
from Boston College.
About Zuora, Inc.
Zuora's subscription billing and commerce platform
changes the way subscription businesses manage and sell to customers,
allowing them to bring new products to market in less time, with more
flexibility and less hassle. Zuora customers are up and running
within 90 days and often recognize 200% ROI within weeks. Zuora is
built from the ground up by SaaS industry visionaries and veterans
from salesforce.com, WebEx, Accenture, Google, eBay, Oracle and
Vitria. Zuora customers include Reed Business Information,
Coremetrics, InsideView, Marketo, Ricoh, Box.net, Xactly, Cloud
Central and EMC.
To learn more about Zuora, please visit www.zuora.com.
Reidy Communications for Zuora
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