Recurly Inc., the leading pay-as-you-go subscription billing platform, today announced that it has closed a $12 million Series B round of new financing. Devonshire Investors (the private investment firm affiliated with Fidelity Investments) led the round with participation from Greycroft Partners and existing investors, Polaris Partners and e.ventures. The new investment will allow Recurly to further accelerate the considerable momentum it has achieved over the last several years in the areas of product innovation, top-notch talent acquisition and customer and revenue growth. With this investment, Shervin Ghaemmaghami, from Devonshire Investors, will join the Recurly Board of Directors.
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Avalara, Inc., a leading provider of cloud-based software that delivers a broad array of compliance solutions related to sales tax and other transactional taxes, today announced Recurly.com, the leading pay-as-you-go subscription billing management platform, has joined Avalara’s community of certified solution partners. Avalara’s solution partners are software publishers that integrate Avalara’s software as a service (SaaS) offering for sales tax management directly into their own applications.
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Recurly, Inc., provider of the world’s most widely used subscription billing management platform, today announced the appointment of software industry veteran, Renato Mascardo as chief technology officer. Mascardo will focus on Recurly’s technical vision and operational excellence as the company scales to meet the demands of its growing customer base.
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Recurly, the leading pay-as-you-go subscription billing management service, today announced the Echo Park Chamber of Commerce is using Recurly to streamline its membership billing operations to improve the convenience and efficiency of its overall membership experience. The Chamber serves the business people and residents of Echo Park, Los Angeles, CA, and using Recurly to collect recurring dues from its membership base is just one of the innovative ways it uses technology to make maintaining an active membership status as easy as possible.
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Recurly, the leading pay-as-you-go subscription billing management service, today announced it won the Judges Choice Award from CardNotPresent for the Best Subscription/Recurring Billing Program. The CNP Awards recognize the best companies, programs and solutions in the card-not-present payments industry.
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Recurly, the leading pay-as-you-go subscription billing management service, today announced the appointment of Irfan Salim to its Board of Directors. Salim brings more than 20 years of experience growing, leading and advising world-class SaaS, internet security and fraud prevention companies.
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Recurly, Inc. announced today that Sam Parker has joined the company as chief operating officer (COO). A 20-year business veteran and former executive of SAY Media, CBS Interactive and CNET Networks, Parker strengthens Recurly’s executive bench by bringing deep experience in scaling business operations.
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Recurly, Inc. today announced that AccuWeather, the world’s leading multi-media weather company, has selected Recurly’s subscription billing platform to address the demands of modern subscription billing operations. AccuWeather provides data and information services to more than 175,000 paying customers and 245 of the Fortune 500 companies, spanning many industries, such as media, retail, healthcare, manufacturing, transportation, agriculture, and government, to inform critical business decisions by delivering weather warnings, forecasts, and prediction data to businesses and audiences worldwide.
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Recurly, Inc. announced a deal today to enable DISH Digital, a subsidiary of DISH Network (NASDAQ:DISH) and Echostar Corporation (NASDAQ:SATS) with Recurly’s automated recurring billing service. DISH Digital includes DishWorld, the IPTV international programming provider in the U.S. with 174 channels across 15 languages, and the Blockbuster On Demand digital movie service.
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Recurly, the leading pay-as-you-go subscription billing service provider, today announced that it has achieved audited compliance for SAS 70 (Statement on Auditing Standards No. 70) and SSAE 16 (Statement on Standards for Attestation Engagements No. 16). Recurly’s audit results verify that it exceeds a high standard for controls around change management, data integrity access controls, data backups and physical security in its organization.
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