Wednesday, May 10, 2017

Leeyo, With Operations In Frisco, Acquired By Zuora

Leeyo Software, a developer of automated revenue recognition software which has a North American center of operations in Frisco, Texas, has been acquired by subscription billing software developer Zuora, Zuora announced his morning. Financial terms of the deal were not announced. Leeyo's flagship product is Leeyo RevPro, a cloud-based software used by companies to make sure their revenue recognition is compliance with the ASC 606 and IFRS 15 standards. Leeyo Software was based in San Jose, California, and was led by CEO and founder Tien Tzuo.