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Aria Systems Raises $20 Million For Cloud-Based Billing And Subscription Platform

February 1st, 2011 02:58 admin Leave a comment Go to comments

On demand billing and recurring subscription management company,Aria Systems has raised $20 million in new funding led by InterWest Partners with Hummer-Winblad and Venrock participating in the round. This brings Aria System’s total funding to $34 million.

Aria’s platform handles the entire online transactions process, from start to finish, for online companies who have subscription models. Companies rely on Aria Systems to automate their recurring revenue models and manage the entire lifecycle of their subscribers.

Aria works with a suite of payment processors, which include the likes of Authorize.net, Chase Paymentech, Cybersource, PayPal, TransFirst, and RBS Worldpay, to offer consumers a way sign up for subscription payments.

Clients include Disney, Taleo, Internap, DreamWorks, VMware, Roku, and Ingersoll-Rand. Aria plans to used the funding for product development, marketing and sales, and international expansion in Europe and Asia.

Source: Aria Systems Raises $20 Million For Cloud-Based Billing And Subscription Platform

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