.svg){kind=logo} | |
| Formerly | DiscoverOrg |
|---|---|
| Company type | Public |
| Industry | Data broker |
| Founded | 2007; 18 years ago (2007) |
| Founders |
|
| Headquarters | Vancouver, Washington, U.S. |
Key people |
|
| Revenue |  US$1.21 billion (2024) |
| US$97.4 million (2024) | |
| 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 |
|
| Website | www |
| Footnotes / references [1] | |
ZoomInfo Technologies Inc. is a registereddata broker in the United States.[2] The company collects and sellspersonal data, both public and private, through various means ofdata andweb 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 fortargeted marketing.[5]
The company is the subject of numerous complaints and multiple lawsuits concerning its collection and sales of personal data.[6][7]
In 2007, DiscoverOrg was founded by Henry Schuck andKirk Brown. In February 2019, it acquired its competitor, Zoom Information, Inc. and rebranded as ZoomInfo.[8][3] DiscoverOrg'sCEO Henry Schuck,CFO Cameron Hyzer, andChief Revenue Officer Chris Hays kept their roles.[9][10] Zoom Information was established in 2000 as Eliyon Technologies by foundersYonatan Stern and Michel Decary,[8][11] and in August 2017 was acquired by Great Hill Partners, aprivate equity firm, for $240 million.[12]
In June 4, 2020, ZoomInfo became a publicly traded company on theNasdaq Global Select Market under theticker symbol “ZI.”[13]
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]
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]
ZoomInfo collects data, including personal data, to sell to other businesses to use in their marketing. [Be] cautious with installing any plugins or software from ZoomInfo as it will seek to download information on you as part of their business model to sell for marketing.
[Zoominfo] 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. We advise you to consider how your data will be collected and used before sharing it with this company.
ZoomInfo Technologies LLC is facing a proposed class action alleging it misappropriated the personal information of consumers to sell its services in violation of the Washington Personality Rights Act. [The plaintiff] alleged [the company to have] used her name and personal information to advertise and promote its products and services without her consent despite the fact that she never interacted with the company. [The] lawsuit comes two months after the company agreed to pay $30 million to settle a similar lawsuit from residents of California, Illinois, Indiana, and Nevada, Ramos v. ZoomInfo Techs. LLC.
A class action lawsuit was filed against [ZoomInfo on] September 4, 2024 [.] According to the lawsuit, ZoomInfo and two of its senior [directors] repeatedly made false and misleading public statements [... particularly,] they are accused of omitting truthful information about the company's customer base, its subscription renewal practices, and other issues from SEC filings and related material.