CHENNAI, MAR 8
US based Zuora Inc, a leading monetization platform provider for recurring revenue businesses has on Tuesday announced opening of its new and spacious office in the Brigade World Trade Centre on Rajiv Gandhi IT Highway (OMR Road) in Chennai.
Zuora has moved to a spacious space with aesthetic ambience to support its largest employee population outside of the U.S.
- We have chosen Chennai in Tamil Nadu, as its hub for product and engineering talent focused on global product innovation: Zuora Inc Founder & Chief Executive Officer Mr Tien Tzuo.
- Zuora’s team in India has grown 3 times in the last two years to 450 across the country. The company plans to continue to increase its headcount over the next two years and beyond
The office was inaugurated by Zuora Inc Founder and Chief Executive Officer Mr Tien Tzuo. Zuora’s new Chennai office is spread over 20,115 square feet, which can accommodate 200-work force. The new office is equipped with state-of-the-art technology and resources. It has ample space for group collaboration and independent focus. It also offers a kitchen and café area for colleagues to connect beyond work.
“We have intentionally designed the new Chennai office to support our vision for the future of work, empowering teams to determine how they work best in an environment that’s collaborative, flexible and inclusive. We have chosen Chennai in Tamil Nadu, as its hub for product and engineering talent focused on global product innovation,” said Mr. Tien Tzuo.
While addressing reporters, Mr Tien Tzuo said “India is a strategic centre for skilled talent, and we look forward to growing Zuora’s team, accelerating product innovation and helping the world’s best companies win in the Subscription Economy.”
Zuora’s team in India has grown 3 times in the last two years to 450 across the country. The company plans to continue to increase its headcount over the next two years and beyond, Mr Tien Tzuo added.
Born out of a vision to evangelize a fundamentally new way of doing business, Zuora was started in 2007 when Mr. Tien Tzuo recognized a major economic shift to deliver recurring, people-centric subscription services instead of one-time product sales, coining the term the “Subscription Economy.”
This transformation has led to a rise in new digital services, rooted in ongoing customer relationships, focused on desired outcomes and experiences. These businesses continue to grow faster than traditional, product-based businesses: Subscription businesses in Zuora’s Subscription Economy Index have outpaced S&P 500 growth rates by 4.6 x over the past decade, a statement from Zuora said.
