Zuora Powers Smart Home Subscriptions for Hive
(Thomson Reuters ONE) -
Zuora Powers Smart Home Subscriptions for Hive
Centrica Connected Home grows its new digital Hive services with the help of
leading subscription management platform
LONDON, Sept. 14, 2017 (GLOBE NEWSWIRE) -- Zuora, Inc., the leading enterprise
platform provider for subscription order-to-cash solutions, has been selected to
power Centrica Connected Home as the business aims to grow its new Hive smart
home subscription services.
The smart home market reached 80 million worldwide in 2016 and is projected to
broaden at a compound annual growth rate of 60 percent, reaching 477 million
devices in 2020, according to information analytics firm IHS Markit.
Hive products and services, from Centrica Connected Home, address the huge
market opportunity by helping people make more time for the things they love by
making daily living easier.
The business unveiled its first Hive smart thermostat in 2013 and to date has
installed more than 700,000 smart home hubs, including 30,000 in the U.S., and
sold more than one million products. Hive uses the Zuora® Central platform to
manage all of its revenue generated by its growing monthly subscriptions.
With its first subscription service, named Hive Welcome Home, the company has
packaged up a selection of the company's core product line with its most
essential services to enable consumers to build a series of Hive Actions
triggering lighting and electronic functions, without the need for professional
installation. The Hive Welcome Home Plan costs £5.99 a month per month in the
UK[1] and comes with two dimmable, smart Hive Active Light bulbs, a Hive Motion
Sensor, one Hive Active Plug, and the Hive hub, which connects to a router
acting as a central control unit.
"The key benefit of connected home services is that they give you the ability to
live your life and enjoy experiences supported by truly intuitive technology.
Products and services from the Hive brand are the next logical step in home
utilities, to turn the home into an even more comfortable, secure and valued
place for consumers," said Jo Cox, Commercial Director at Centrica Connected
Home.
Why Centrica Connected Home selected the Zuora platform to manage the growth of
its subscription business:
* Subscriber Experience: Customers can use the Hive App, connected to Hive
Hub, powered by Zuora through the platform's back-end to easily manage their
subscription services, scaling them up, down or even pausing particular
features as life events change.
* Pricing Experimentation: Ahead of its launch into the US earlier this year,
Centrica used the Zuora platform to roll-out multiple locally-launched
pricing options and introductory offers across different territories
simultaneously from the one centralized platform. Zuora provides Centrica
with the agility to expand its global footprint through a hyperlocal
strategy.
* Payment Support: Through Zuora's platform, Centrica Connected Home can
support 20 different payment methods and 180 currencies, while also
automating collections to specific and customizable times throughout the
month. This ultimately grants Centrica Connected Home the freedom to focus
on scaling its customer base along with its suite of services, supporting it
in tackling its aspirations for growth.
"The Subscription Economy is revolutionizing traditional industries such as
energy, automotive, manufacturing, and home as the world shifts towards new
digital services," said Tien Tzuo, CEO and Founder of Zuora. "At the heart of
these transformations, Zuora is orchestrating the subscription order-to-cash
operations, helping companies like Centrica Connected Home to create a holistic
experience for customers."
To hear directly from Centrica Connected Home and learn more about its services
read the Zuora case study and register to attend the Zuora Subscribed conference
in London on September 28, 2017: https://www.zuora.com/subscribed/london-2017/
[1] Also available at different price points in America, Canada and Ireland.
Additional Resources
"The Subscription Economy: A Business Transformation" by Tien Tzuo, CEO of Zuora
SlideShare: "Drivers of Success in the Subscription Economy"
MGI Research Forecast on Agile Monetization Platforms 2016-2020
Follow us online:
Facebook.com/zuora
(at)Zuora
#SubscriptionEconomy
The Hive experience and Centrica Connected Home
The Hive smart home experience is focused on making everyday life a little
easier, freeing people up to spend time doing the things they love. Through a
mix of software, products and services, the Hive experience is designed to offer
affordable, easy to use solutions, tailored around specific use cases to help
make a difference in people's lives. The team behind the Hive brand is Centrica
Connected Home, part of Centrica Consumer. Parent company Centrica plc has
committed to invest £500m to take the Hive smart home experience multi-market.
About Zuora, Inc.
Zuora is a SaaS company and the world's foremost evangelist of the Subscription
Economy. Zuora's leading enterprise platform is the only solution that automates
all subscription order-to-cash operations in real-time for any business.
Companies in any industry can launch new businesses, shift products to
subscription, implement new pay-as-you-go pricing and packaging models, gain new
insights into subscriber behavior, and disrupt market segments to gain
competitive advantage. Zuora serves more than 1,000 companies around the world
in a wide range of industries, including Box, Komatsu, Rogers, Schneider
Electric, Toshiba, Xplornet and Zendesk. The Subscription Economy Index (SEI)
demonstrates that SEI companies are growing revenues approximately nine times
faster than the S&P 500. Headquartered in Silicon Valley, Zuora also operates
offices in Atlanta, Boston, Denver, San Francisco, London, Paris, Beijing,
Sydney, Chennai and Tokyo.
Media Contact:
Jayne Scuncio
jscuncio(at)zuora.com
1-408-348-1087
© 2017 Zuora, Inc. All Rights Reserved. Zuora and Subscription Economy are
trademarks of Zuora, Inc. Third party trademarks mentioned above are owned by
their respective companies. Nothing in this press release should be construed to
the contrary, or as an approval, endorsement or sponsorship by any third parties
of Zuora, Inc. or any aspect of this press release. To learn more about the
Zuora platform, please visitwww.zuora.com.
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Zuora, Inc. via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 14.09.2017 - 09:00 Uhr
Sprache: Deutsch
News-ID 559890
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contact information:
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