GOC

Zuora, formed by software-as-a-service industry veterans from Salesforce.com (News - Alert) and WebEx to work the subscription billing industry, has announced that Scott Thompson, president of PayPal, has been appointed to the company's board of directors.

 

Thompson joins existing board member Peter Fenton of Benchmark Capital.

 

Tien Tzuo, CEO of Zuora, called Thompson "an accomplished global industry executive, having developed and deployed online payment products." Tzuo said Thompson's expertise was needed "as we build out our company and online billing products."

 

Zuora launched the company's flagship application, Z-Billing, in May 2008.

 

"With the rise of on-demand and subscription services, there is also a growing demand for online billing products. Zuora's platform is built with the needs of the subscription market in mind," said Thompson.

 

Thompson previously served as PayPal's senior vice president and chief technology officer, where he oversaw information technology, product development, and architecture. Prior to PayPal, he worked for Inovant, a subsidiary of Visa formed to oversee global technology for the organization and as chief information officer of Barclays Global Investors.

 

In June, Boomi, an on-demand integration vendor, announced that it has partnered with Zuora to enable Software-as-a-Service integration for Zuora's on-demand billing application with financial and customer relationship management (CRM) applications.

 

Zuora is embedding the Boomi On Demand offering to provide its on-demand Z-Billing users with "the ability to integrate with any SaaS (News - Alert) or on-premise application directly from the Web without the burden of installing integration software packages or hardware appliances."

 

Using Boomi On Demand, Zuora's customers can integrate Z-Billing with QuickBooks, for example, by selecting the prepackaged integration from a menu, and the integration is complete - no data mapping, coding, software downloads or hardware purchases. If the end customer wants to integrate Z-Billing with other applications, the integrations are built, deployed and managed by Boomi On Demand using only a browser.

 

Tien Tzuo said the subscription model is advancing in many industries and the Zuora team "has been working in this paradigm since its inception."