SaaSOptics and Chargify merge, relaunch as Maxio
SaaSOptics and Chargify, providers of financial operations and subscription billing management solutions for subscription businesses, announced that both companies will merge and moving forward will rebrand as Maxio to provide all-in-one revenue management and advanced subscription billing solutions.
“Modern SaaS companies require a robust billing and revenue management solution now more than ever thanks to a dramatic rise in the adoption of subscription models with complex pricing structures,” said Jason Parkman, chair of Maxio. “Maxio has an incredible opportunity to transform the subscription management market and provide huge value to our customers by providing a complete financial operations platform, regardless of billing and pricing structure.”
SaaSOptics and Chargify have delivered innovative and successful solutions addressing the needs of finance professionals, executive leadership, and SaaS founders, according to the vendor.
These solutions cover the full spectrum of the subscription lifecycle including subscription management, recurring billing, GAAP/IFRS-compliant revenue recognition, SaaS metrics, revenue retention, expense recognition, usage, and events-based billing.
The announcement comes after a year of significant growth for SaaSOptics and Chargify upon receiving a combined $150 million growth equity investment by Battery Ventures in April 2021.
This investment has enabled SaaSOptics and Chargify to further invest in both products, ensuring their customers can better manage their billing and revenue while supporting their own end-users.
With more than 2,300 customers worldwide and $10 billion in customer annual recurring revenue managed, the Maxio brand will continue to drive innovation in the financial technology space, while providing customers with world-class support for all Chargify and SaaSOptics solutions.
Maxio currently has more than 260 team members working remotely or at one of its four office headquarters in San Antonio, Texas; Atlanta, Georgia; Dublin, Ireland; and Kraków, Poland.
As the company scales, it plans to add approximately 115 new positions in 2022 alone to help achieve and surpass its growth goals, according to the vendor.
For more information about this news, visit www.maxio.com.