![]() “We leverage our large, proprietary contributory network and advanced capabilities to develop scale and quality of data that is unmatched in the industry,” ZoomInfo Vice President of Product Management Sneh Kakileti said. This expanded coverage gives sales and marketing teams a competitive edge globally by broadening their reach and enabling more effective strategies when targeting international markets. ZoomInfo Expands International Data (video)įollowing recent, significant investments in its international data, ZoomInfo customers now have access to over 200 million business contacts markets outside North America – such as Europe, Asia, and Australia. In continental Europe, ZoomInfo has expanded its catalogue of mobile numbers by 13x whilst growing mobiles in the U.K. In just the last two years, ZoomInfo has grown the number of global companies in its data platform by more than 6x, while tripling both the number of global contacts and the number of global mobile phone numbers available to its customers. “We leverage our large, proprietary contributory network and advanced capabilities to develop scale and quality of data that is unmatched in the industry” Recommended: The Ethics of Generative AI: Navigating New Responsibilities ZoomInfo the go-to-market platform to find, acquire, and grow customers, announced that its global business-to-business (B2B) data now covers 321 million professional contacts at 104 million companies, giving customers vastly expanded access to business buyers around the world. This showed signs of recovery in the IPO market since the pandemic hit.ZoomInfo Platform Offers 321 Million Contact Profiles, a 3x Increase Since 2021 This marked a busy week for trading in the US market, with the likes of Warner Music and Pliant Therapeutics thriving as well. Dragoneer Investment Group and mutual fund managers Fidelity and BlackRock further committed to buying $100 million in share offerings. The decision to go ahead with the IPO proved dividends for CEO Henry Schuk, who made the decision based on strong results posted by the company in April. The first trade was at $40 for 3.6 million shares, or 90.5% above its IPO price of $21. ZoomInfo raised nearly $935 million from an initial public offering, providing hope of a resurgent market. Read: 6 Small Businesses to start in 2020 Stock Market PerformanceĪccording to the Financial Times, the business intelligence provider jumped by almost 90% in early trading on Thursday. The firm was further rebranded later that year to be called “ZoomInfo powered by DiscoverOrg”. They would serve in the same roles in the joint entity. It further anointed its current leadership roles to the company’s Own CEO, Henry Schuck, CFO Cameron Hyzer, and Chief Revenue Officer Chris Hays. ![]() In 2019, DiscoverOrg acquired the company for more than $500 Million. This would mark a chain of events that would eventually lead to ZoomInfo’s current success. The private equity firm, Great Hill Partners acquired the company for $240 million in cash. In August 2017, ZoomInfo went through a Private Equity Acquisition. They copy data from the web crawler and extract relevant information for analysis. The company uses the maintains its Database using the “proprietary web crawler” NextGenSearchBot. It provides sales and marketing intelligence to businesses worldwide. According to their website, they provide business information solutions. (ZoomInfo) was founded by Yonatan Stern in 2000 as Eliyon Technologies. Read: The Devaluation of the Dollar and its repercussions Company Background So, what is ZoomInfo? What does the company do? How did they reach this stage? We will analyze these details in depth in this article. The company finds itself becoming successful in the wake of a global pandemic that has destroyed financial markets. While it was founded about 20 years ago, it’s initial public offering on Thursday helped it raise over $935 million. This lockdown has given rise to many companies with the name “Zoom”, one of them being ZoomInfo.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |