ZoomInfo

Not to be confused with Zoom Communications.

ZoomInfo Technologies Inc. is a registered data broker in the United States.^[2] The company collects and sells personal data, both public and private, through various means of data and web scraping. Information about business entities like companies and departments are also collected and offered.^[3][4] These personal information are available for sale, where other businesses can use the collected data for targeted marketing.^[5]

ZoomInfo Technologies Inc.

Formerly	DiscoverOrg
Company type	Public
Traded as	Nasdaq: GTM S&P 400 component Nasdaq: ZI (2020–2025)
Industry	Data broker
Founded	2007; 18 years ago (2007)
Founders	Henry Schuck Kirk Brown
Headquarters	Vancouver, Washington, U.S.
Key people	Henry Schuck (CEO) Cameron Hyzer (CFO) Chris Hays (COO)
Revenue	US$1.21 billion (2024)
Operating income	US$97.4 million (2024)
Net income	US$29.1 million (2024)
Total assets	US$6.47 billion (2024)
Total equity	US$1.69 billion (2024)
Number of employees	3,508 (2024)
Subsidiaries	Rainking NeverBounce Datanyze Komiko Clickagy EverString Technology Insent Chorus.ai RingLead
Website	www.zoominfo.com/about
Footnotes / references [1]

The company is the subject of numerous complaints and multiple lawsuits concerning its collection and sales of personal data.^[6][7]

History

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.^[8][3] DiscoverOrg's CEO Henry Schuck, CFO Cameron Hyzer, and Chief Revenue Officer Chris Hays kept their roles.^[9][10] Zoom Information was established in 2000 as Eliyon Technologies by founders Yonatan Stern and Michel Decary,^[8][11] and in August 2017 was acquired by Great Hill Partners, a private equity firm, for $240 million.^[12]

In June 4, 2020, ZoomInfo became a publicly traded company on the Nasdaq Global Select Market under the ticker symbol “ZI.”^[13]

Acquisitions

In 2017, as DiscoverOrg, the company acquired RainKing and in 2018, NeverBounce^[14] and Datanyze.^[15] In 2019, ZoomInfo acquired Komiko and in 2020, Clickagy and EverString Technology. In 2021, ZoomInfo acquired Insent,^[16] Chorus.ai,^[17] and RingLead.^[18][19]

Lawsuits

Zoominfo is subject to multiple lawsuits for illegally collecting and selling personal data without consent,^[20][21][22] misleading investors and artificially inflating its stock price.^[23] Zoominfo is accused of "omitting truthful information about the company’s customer base, its subscription renewal practices, and other issues from SEC filings and related material" in the latter lawsuit.^[23]