Zuora, Inc. (NYSE:ZUO) agreed to acquire Togai Inc. on April 30, 2024. Abhishek Rajagopal, Aravind Sriraman, and Tholkappiyan Velavan, will join Zuora with Togai employees. After closing, Togai?s metering and rating solution will become a part of Zuora?s existing product suite alongside Zuora Billing, Zuora Revenue, Zuora Payments, Zephr and Zuora Platform.

The acquisition of Togai is subject to customary approvals and closing conditions. The acquisition of Togai is expected to close in early May 2024. Foros is acting as financial advisor and John Fisher, Mena Kaplan, Joe Soltis, Brandon Gantus, Chris Lyon, Brock Dahl, Justin Stewart-Teitelbaum, Matthew McDonald, and Jeremiah Nelson of Freshfields Bruckhaus Deringer US LLP as legal advisor to Zuora.

QED Corporate Advisors is acting as financial advisor and Argus Partners as legal advisor to Togai.