ZoomInfo News
8 articles
ZoomInfo to Open New Office Near Tel Aviv, Israel
ZoomInfo, a global leader in go-to-market software, data, and intelligence, has signed a lease for a 180,000-square-foot office space in Ra’anana, a suburb of Tel Aviv. The company will occupy the top nine floors of a 30-story office building on the new Infinity Park campus. The new office will serve as a hub for Israel’s software industry and is expected to be operational by spring 2023. ZoomInfos development center in Israel is a significant growth engine for the company, driving the innovation of its products and enabling expansion into new markets.
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https://www.jpost.com/israel-news/you-could-say-zoominfo-is-the-largest-public-company-in-israel-685678
ZoomInfo, a business data and intelligence company, is now the largest company in Israel by market capitalization, with a market cap of over $30 billion. The company was originally founded in Israel in 2000 and has since grown significantly, acquiring other companies and expanding its presence in Israel. ZoomInfos platform provides updated business intelligence on millions of companies and individuals, allowing marketers and recruiters to identify and reach potential targets effectively. The company raised nearly $1 billion in an IPO in June 2020 and has been on a buying spree, acquiring companies such as Chorus.ai. ZoomInfo plans to continue growing its presence in Israel and internationally, with plans to open a new office in Europe.
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https://www.jpost.com/israel-news/zoominfo-buys-chorusai-for-575m-673790
Business intelligence company ZoomInfo is acquiring Chorus.ai, an Israeli-founded maker of conversation intelligence solutions, for $575 million in cash. Chorus uses machine learning and artificial intelligence to capture and analyze prospect and customer calls, meetings, and emails. The acquisition is expected to have a positive impact on Chorus.ais growth.
Acquisition
Israel's Zoominfo Acquires Insent To Integrate Chatbot Tech For Businesses
Zoominfo, a B2B data company, has acquired Insent, a Japanese conversational marketing platform. The financial details of the acquisition were not disclosed. The acquisition will allow businesses to activate chat at scale and provide personalized experiences to prospects without overwhelming internal teams. The combined solution will be available in the third quarter as ZoomInfo Chat. ZoomInfo offers B2B contact and company intelligence to help organizations accelerate growth. Insents co-founder and CEO, Arjun Pillai, will join ZoomInfo as Senior Vice President of Strategic Growth. The acquisition aims to shape the future of chat by enabling data-centric, intelligent conversations that expedite sales cycles.
Partners
Cheers in Ra'anana as Zoominfo raises $935m on Nasdaq
Zoominfo, a B2B market intelligence company, completed the largest tech IPO on Nasdaq in 2020, raising $935 million at a company valuation of $8 billion. The companys share price rose 62% on its first day of trading, giving a market cap of $13 billion. Zoominfo has a development center in Israel and employs 150 people. It was acquired by Great Hill Partners in 2017 for $240 million and later acquired by Discover.org for $800 million. The companys success in the IPO was attributed to the work done by its data science team in Israel. Zoominfo provides a market intelligence platform for sales and marketing teams, offering comprehensive intelligence and analytics on millions of companies. The company operates on a subscription SaaS business model.
Public Trading
DiscoverOrg Acquires ZoomInfo
DiscoverOrg has acquired Zoom Information, Inc (ZoomInfo) to provide sales, marketing, and recruiting professionals access to comprehensive B2B data. The combination of DiscoverOrg and ZoomInfo will deliver high-quality B2B data and deep buying insights to help companies achieve sales and marketing goals. DiscoverOrgs investors include TA Associates, The Carlyle Group, and 22C Capital.
Acquisition
ZoomInfo Completes Acquisition of Y Labs in Israel and Continues to Expand Its Executive Leadership Team Among Record Growth
Great Hill Partners Puts Up $240M For ZoomInfo - Law360
Private equity firm Great Hill Partners has acquired ZoomInfo for $240 million.
Acquisition