Silver Lake, GIC to take billing software firm Zuora private in $1.7b deal

Silver Lake, GIC to take billing software firm Zuora private in $1.7b deal

FILE PHOTO: Founder and CEO of Zuora, Tien Tzuo, takes part in the company's IPO on the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S., April 12, 2018. REUTERS/Lucas Jackson/File Photo

Billing software firm Zuora said on Thursday it has agreed to be acquired by buyout firm Silver Lake and Singaporean wealth fund GIC in a deal valued at $1.7 billion, sending its shares up nearly 6% in early trading.