Zuora, a leading subscription management software firm, has reached an agreement to be acquired by private equity firms GIC and Silver Lake for $1.7 billion in an all-cash deal. The acquisition, expected to close in Q1 2025, will transition Zuora from public to private ownership, with CEO Tien Tzuo remaining at the helm. Founded in 2007, Zuora has pioneered solutions for businesses navigating the subscription economy. The deal comes amidst a surge in private equity mega-deals, highlighting the growing importance of subscription models in the market.