ZoomInfo Technologies Inc., which sometimes goes by Zoom Information Inc. (or zoominformation.com after acquiring them in 2019), is a software and data company which provides data for companies and business individuals.[2][3][4] Their main product is a commercial search-engine, specialized in contact and business information. From the internet and other sources, the company collects contact and other information about individuals, companies and other business entities, such as departments. They maintain profiles for the subjects and make these available to their clients, as a service and for a fee.
Company type | Public |
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Industry | Software as a service |
Predecessor | DiscoverOrg |
Founded | 2007 |
Founders |
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Headquarters | Vancouver, Washington, U.S. |
Key people |
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Revenue | US$1.24 billion (2023) |
US$260 million (2023) | |
US$107 million (2023) | |
Total assets | US$8.67 billion (2023) |
Total equity | US$2.12 billion (2023) |
Number of employees | 3,516 (2023) |
Subsidiaries |
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Website | zoominfo |
Footnotes / references [1] |
ZoomInfo offers four core services:
In 2007, DiscoverOrg was founded by Henry Schuck and Kirk Brown. In February 2019, it acquired its competitor, Zoom Information, Inc. and rebranded as ZoomInfo.[2][3] DiscoverOrg's CEO Henry Schuck, CFO Cameron Hyzer, and Chief Revenue Officer Chris Hays kept their roles.[5][6] Zoom Information was established in 2000 as Eliyon Technologies by founders Yonatan Stern and Michel Decary,[2][7] and in August 2017 was acquired by Great Hill Partners, a private equity firm, for $240 million.[8]
In June 4, 2020, ZoomInfo became a publicly traded company on the Nasdaq Global Select Market under the ticker symbol “ZI.”[9]
In 2017, as DiscoverOrg, the company acquired RainKing and in 2018, NeverBounce[11] and Datanyze.[12] In 2019, ZoomInfo acquired Komiko and in 2020, Clickagy and EverString Technology. In 2021, ZoomInfo acquired Insent,[13] Chorus.ai,[14] and RingLead.[15]
Multiple organizations have issued warnings to their employees, customers, students, and other related parties regarding emails from ZoomInfo, zoominformation.com, and m.zoominfo-privacy.com.[16][4][17][18] The emails, while not technically claiming to be related to the popular videoconference software Zoom,[16][17] are vague enough that many unassuming email recipients may confuse the two;[16][19] there is speculation that the vague resemblance is intentional,[17] with ZoomInfo hoping to trick the recipients into clicking on the email's links,[17][20][21] thereby providing ZoomInfo with the personal information of both recipient and all those who email to or are emailed by the recipient[22][23] which ZoomInfo can then sell.[17] Zoom has felt the need to issue clarifying statements on the issue, too.[19] While technically not illegal, this approach has been called "voluntary malware"[24] and been noted as "morally questionable" as a legal borderline version of phishing[21][20] – hence the warnings published by many organizations to their employees and customers.[21][20] For this reason, while ZoomInfo is a legitimate company, it has been rated negatively by the Better Business Bureau and "is the subject of multiple lawsuits and other complaints concerning how it collects, uses and sells personal data, which may then be leveraged by third parties to create highly specific phishing emails."[16][25]
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