NEWS Source:- https://www.insideindianabusiness.com/articles/indy-tech-company-zylo-conducts-layoffs

Key points to remember:-

– Zylo Inc., an Indianapolis-based software company known for its software subscription management platform, has reduced its workforce, affecting approximately 10% of its staff. The exact number of employees affected was not disclosed by the company.

The decision to reduce headcount was made to align with Zylo's long-term business objectives. The company's co-founder and CEO, Eric Christopher, mentioned that while the decision was difficult, it was necessary to ensure the company's future success.

– Zylo is recognized for its software subscription management platform and has already raised significant funds. The company raised $31.5 million in Series C funding in November and another $5 million in February. Despite its growth plans, Zylo's decision to downsize aligns with a trend among companies to focus on efficiency and cost optimization.

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Company Profile:-

Founded: 2016
Industry: Analytics, Cloud Management, Enterprise Software, IT, SaaS
Location: Indianapolis, Indiana, United States
Total funding: 71.7 M
Company Stage: Series C
Founders: Ben Pippenger, Cory Wheeler, Eric Christopher
Website: www.zylo.com

Unlocking SaaS Optimization for Modern Businesses

Preview:
Welcome to Zylo, the driving force behind SaaS optimization and management in the digital age. As a pioneering leader in Software-as-a-Service (SaaS) management, we enable businesses to take control of their SaaS ecosystem, optimize efficiency and drive growth. With a commitment to transparency, innovation and transformative ideas, Zylo is revolutionizing the way organizations harness the power of software.

Assignment:
At Zylo, our mission is to enable businesses to meet the challenges of SaaS expansion. Our goal is to be the compass that guides businesses through the dynamic software usage landscape, helping them optimize costs, improve productivity, and extract maximum value from their SaaS investments.

Key offerings:
SaaS Intelligence: Our industry-leading platform delivers deep insights into your organization's SaaS landscape, providing visibility into usage, spend and user behaviors, helping you make informed decisions.

Security and Compliance: Zylo ensures that your SaaS ecosystem meets security protocols and compliance standards, minimizing risks and protecting your sensitive data.

Data-Driven Strategies: Leverage our data-driven analytics to develop strategies that streamline operations, reduce redundancies, and align your SaaS stack with business goals.

Vendor Relations: Strengthen vendor relationships through informed negotiations, optimized contracts, and a clearer understanding of the value delivered by your SaaS vendors.

Why choose Zylo?
Unmatched Expertise: Zylo's team of SaaS management experts have an unrivaled understanding of the complexities and opportunities of the SaaS landscape.

Strategic Insights: Our platform lets you transform data into actionable insights, enabling you to optimize resources and make data-driven decisions that drive success.

Time-saving and cost-effective: Zylo's solutions cut through the noise, helping you save time, streamline processes, and maximize the ROI of your SaaS investments.

Future-Ready Solutions: With technology rapidly evolving, Zylo provides you with the tools to navigate change and future-proof your SaaS strategy, ensuring adaptability and growth.

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