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Market: Zuora in headcount expansion mode from new Chennai office

Fiinews by Fiinews
March 12, 2023
in Markets
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India is a strategic centre for skilled talent for growing Zuora’s team, says Tien Tzou

Silicon Valley-headquartered Zuora, Inc. (NYSE: ZUO) will continue its headcount expansion over the next two years and beyond, having opened a new Chennai office for 200 employees and supporting its largest employee population outside of the United States.

“We’ve 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,” said Tien Tzuo, Founder and Chief Executive Officer at Zuora.

“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®,” he said at the office opening on 7 Mar 2023.

Zuora’s team in India has grown 3x in the last two years to 450 across the country.

The 20,115 sq ft office is equipped with state-of-the-art technology and resources, as well as space for both group collaboration and independent focus.

Born out of a vision to evangelize a fundamentally new way of doing business, Zuora was started in 2007 when 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 4.6x over the past decade.

Zuora operates offices around the world in the U.S., EMEA and APAC, and helps more than 1,000 companies around the world, including BMC Software, Box, Caterpillar, General Motors, Penske Media Corporation, Schneider Electric, Siemens and Zoom nurture and monetize direct, digital customer relationships. fiinews.com

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