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Company Directory - Zuora, Inc.

Company Details - Zuora, Inc.

Zuora, Inc. Logo

Zuora, Inc.

Website

Redwood City, United States

NYSE: ZUO 

A leading monetization platform for modern businesses, enabling subscription management and billing.

CCI Score

CCI Score: Zuora, Inc.

-8.14

Latest Event

Zuora Self-Dealing Deal Under Court Challenge

Zuora Inc. insiders orchestrated a self-dealing $1.7 billion sale to Silver Lake after sidestepping an activist investor’s bid for board influence. A court filing, dated around October 25, 2024, seeks to block the transaction and fast‐track a lawsuit regarding the company’s restrictive director nomination bylaw.

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COLLABORATOR

Zuora, Inc. is currently rated as a Collaborator.

-5 to -9 CCI Score
In this category, companies align with authoritarian practices mainly to avoid trouble or regulatory conflict. Their compliance is driven by self-preservation, resulting in minimal resistance even as they participate in oppressive systems.

Latest Events

  • Zuora Self-Dealing Deal Under Court Challenge Logo
    OCT
    25
    2024

    Zuora Inc. insiders orchestrated a self-dealing $1.7 billion sale to Silver Lake after sidestepping an activist investor’s bid for board influence. A court filing, dated around October 25, 2024, seeks to block the transaction and fast‐track a lawsuit regarding the company’s restrictive director nomination bylaw.

  • -80

    Business Practices and Ethical Responsibility

    March 28

    The incident highlights a severe breach of ethical business practices. By orchestrating a self-dealing transaction that undercut an activist investor, Zuora’s insiders demonstrated a disregard for fair corporate governance and transparency, negatively impacting stakeholders.

    Silver Lake's $1.7 Billion Zuora Deal Hit With Court Challenge

  • -60

    Regulatory Capture

    March 28

    The restrictive provisions used to shut down activist board nominations illustrate a form of regulatory capture. This maneuver prioritizes insider interests and undermines effective oversight and accountability within the company.

    Silver Lake's $1.7 Billion Zuora Deal Hit With Court Challenge

  • Zuora Global Impact Report: ESG and DEI Commitments Logo
    JUN
    17
    2024

    On June 17, 2024, Zuora, Inc. released its FY2024 Global Impact Report outlining its commitment to reducing greenhouse gas emissions and increasing leadership diversity. The report emphasizes a people-first, sustainable approach designed to create a more equitable and accessible environment for its stakeholders.

  • +80

    Business Practices and Ethical Responsibility

    March 28

    Zuora's release of its Global Impact Report highlights its commitment to ethical business practices through clear ESG goals, including GHG reduction targets and initiatives to increase leadership diversity. These efforts promote inclusivity and sustainability, aligning with anti-authoritarian values by prioritizing marginalized groups and ethical practices within the corporate framework.

    Zuora Releases Latest Global Impact Report, Committing to GHG Reduction Targets and Increasing Leadership Diversity

  • Securities Fraud Settlement for Misrepresentations on RevPro Integration Logo
    JAN
    16
    2024

    On January 16, 2024, the court approved a $75.5M settlement in a securities fraud class action against Zuora, Inc. The lawsuit alleged that Zuora misrepresented the integration and performance of its newly acquired RevPro software during the period of April 12, 2018 to May 30, 2019, misleading investors and contributing to significant financial harm.

  • -75

    Business Practices and Ethical Responsibility

    March 28

    Zuora, Inc. engaged in unethical business practices by misrepresenting the capabilities and integration of its RevPro software, which misled investors and led to a significant securities fraud settlement. This action reflects poorly on its business ethics and accountability, undermining corporate transparency and investor trust.

    Zuora, Inc. (NYSE: ZUO) - Hagens Berman

  • Zuora Approves $75M Settlement for Investor Class Action Logo
    AUG
    11
    2023

    On August 11, 2023, a federal judge approved a $75 million settlement to resolve a class action lawsuit brought by investors alleging that Zuora misled them about issues integrating a new product. While the settlement is described as a fair resolution, the underlying allegations of misrepresentation raise concerns over the company's business practices and ethical responsibility.

  • -40

    Business Practices and Ethical Responsibility

    March 28

    The case involves allegations that Zuora misled its investors regarding the integration of a new product. Although the judge approved the settlement as fair, the underlying issue of misleading communications represents a lapse in ethical and accountable business practices, which is problematic from an anti-fascist and transparent business perspective.

    Zuora, Investor Class Get Judge's Approval for $75 Million Deal

  • Zuora Advances Social Impact Through $1M Philanthropic Donation Logo
    APR
    07
    2021

    On April 7, 2021, Zuora, Inc. announced its second $1 million stock contribution to its philanthropic arm, Zuora.org, aimed at supporting nonprofits that increase economic and educational opportunities for historically underrepresented communities. The company also appointed its first Director of Social Impact to lead these initiatives, underscoring its commitment to creating a more inclusive Subscription Economy.

  • +80

    Business Practices and Ethical Responsibility

    March 28

    Zuora’s $1M stock donation to Zuora.org, administered through the Tides Foundation, directly supports social programs aimed at increasing economic opportunity for underrepresented communities. This move, along with the appointment of a Director of Social Impact, demonstrates the company's commitment to ethical business practices and social responsibility, contributing positively to marginalized groups.

    Zuora Contributes Another $1 Million to Zuora.org to Increase Access to More Equitable Opportunities

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