ProRata Acquired by Chargify: The perfect marriage of subscription billing and revenue recognition reporting

We have some exciting news to share…we’ve been acquired by Chargify, a leading provider of Subscription Billing & Management software.

Looking back, a lot of hard work has gone into making revenue recognition reporting as flexible, accurate, and user-friendly as possible, and we want to thank our current customers for their feedback and support!

Before talking about the next chapter, it’s important to note that, for the foreseeable future, this acquisition will not impact current ProRata accounts or existing reporting capabilities.

So what does the future hold? A lot… Work is well underway to seamlessly integrate our reporting into Chargify’s Elastic Billing platform that powers billions in recurring revenue. We’re honored to help automate and streamline ASC 606 and IFRS 15 compliant revenue recognition for their customers—current and future.

“Our platform allows go-to-market teams to execute in more creative ways, experimenting and iterating pricing models without writing custom billing code. With the addition of ProRata, the accounting side of a SaaS business can now accommodate these frequent changes without the burden of complicated, labor intensive reporting.” Tom Rotem, CEO, Chargify

Chargify has a decade of industry experience and a proven track record of providing innovative, leading edge solutions. As the subscription billing model continues to grow in popularity and complexity, we’re thrilled to join the team, learn from their knowledge, and help contribute to their mission. Read Chargify’s announcement on their blog.

If you’re looking for an all-in-one platform that can handle the entire subscription lifecycle from billing to reporting, check out www.chargify.com and tell them that we sent you.

— Rob Farmer, CEO & Founder, ProRata