Zuora officially acquired Leeyo Software, aiming to integrate advanced revenue recognition capabilities.
With new ASC 606 accounting rules looming, Zuora acted quickly to meet immediate customer needs for compliance.
Leeyo's proficiency with the new accounting standards ASC 606 in the US and IFRS 15 in Europe was a key factor in the acquisition.
Zuora CEO Tien Tzuo emphasized the significant shift in accounting for the subscription economy and the complexities it introduces for billing and accounting.
The acquisition positions Zuora ahead of competitors, offering a comprehensive subscription accounting solution.

Zuora is a comprehensive monetization platform enabling companies to adopt and manage various business models. It supports enterprises through the entire lifecycle of monetization from quoting to cash and revenue recognition. Key products include Zuora Billing, Zuora Revenue, Zephr, Zuora Payments, Zuora CPQ (Configure, Price, Quote), and an integrative Zuora Platform. Particularly suited for innovative businesses looking for growth, Zuora's ecosystem is designed for flexibility and integration. The platform empowers the world's leading enterprises by providing the necessary tools, knowledge, and community support to navigate and capitalize on new business models focusing on subscription or usership-based strategies.

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Platform for business model monetization and revenue management.

Zuora Acquires Leeyo to Enhance Revenue Recognition

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