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Zuora Goes Private for $1.7 Billion. Why This is Good News for SaaS.
- Zuora, an early SaaS pioneer, has agreed to be acquired by GIC and Silverlake for $1.7 Billion.
- This move is considered good news for SaaS industry.
- Zuora has built a mature $400m ARR business focused on enterprise subscription management.
- The acquisition price of $1.7 billion is 4.25x ARR, indicating the belief in re-igniting growth in SaaS.
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