Publishing giant Pearson selected Zuora to handle the payment processing workload associated with its latest expansion strategy, TechCrunch reports.
Pearson’s Plug & Play venture offers third parties a way to connect to the publishing company’s copyrighted material. Pearson will operate Plug & Play using a metered model; that is, once a certain amount of data is transferred, Pearson will automatically begin charging for access. At that point, Zuora will take over payment processing.
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Launched in 2008, Zuora offers a software system for processing payments over the cloud. In November, the company raised $36 million in equity funding through a financing round led by Index Ventures and Greylock Partners. That round of financing was also covered by TechCrunch.