We’ve written about Zuora, a SaaS startup that offers online services to manage and automate customer subscriptions and payments, and its impressive backing. And the startup just signed over $1 billion in contracted subscription revenue in the first quarter of its new fiscal year, which ended April 30. Today, Zuora is announcing a subscription billing model for cloud computing, called Z-Commerce for the Cloud.
Zuora’s cloud-based billings platform aims to alleviate the need for online businesses to develop their own billing systems, especially to handle recurring payments like those associated with subscriptions.
Z-Commerce for the Cloud enables cloud providers to automate metering, pricing and billing for products, bundles, and configurations. Cloud providers can charge users per terabyte stored, IP address, gigabyte transferred, CPU instance, application user, and more. The service also includes 20 pre-built cloud charge models, including on demand, reservation, location-based, and off-peak pricing, with the ability to configure these models. And Z-commerce includes an online, PCI-compliant storefront that allows customers to make purchases, to manage their accounts, and to monitor usage in a self-service manner.
Z-Commerce for the Cloud is already being used by Cloud Central, EMC, IC&S, Nu-b, Sun, Tata, and Zetta. Zuora has seen fairly significant growth over the past year; so it’s safe to assume that this product should only help the company continue this path.