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Cloud Computing Drives New ‘Subscription Economy’
MuleSoft, provider of the iON application integration service in the cloud, and Zuora, a provider of a transaction processing engine used widely in subscription and billing applications, have announced their alliance.
They want to simplify the access to a transaction-processing application that is available as a service on a cloud computing platform, leaving IT department more time to use it rather than to create a new one.
As more and more companies provide their customers cloud services they can subscribe to, Zoura intends to reduce the time required to process such transactions.
This so-called “subscription economy” aims to get more profit from existing customers rather than acquiring new ones.