Zoominfo Technologies Inc. Stock Price, News & Analysis

ZoomInfo (NASDAQ: ZI) has expanded its European company and contact data coverage by 78% and 81%, respectively, over the past year. This growth is part of the launch of the ZoomInfo Data Passport, aimed at providing accurate and compliant global data to sales, marketing, and recruiting teams. The company also reported a 75% year-over-year increase in international revenue, demonstrating strong demand for its data solutions. ZoomInfo focuses on GDPR compliance, ensuring that customers can access reliable data.

ZoomInfo (NASDAQ: ZI) has signed a lease for a new global headquarters in Vancouver, Washington, to occupy a 366,000 square-foot building at Terminal 1 in 2025. This move is aimed at supporting the company's ongoing growth and fostering collaboration among its team. The new office will include modern amenities and waterfront access, reflecting the expansion strategy following an evaluation of 12 potential locations. Additionally, ZoomInfo is expanding its East Coast office in Waltham, Massachusetts, highlighting its commitment to hiring and community support.

Tegus has appointed Henry Schuck, Founder and CEO of ZoomInfo (NASDAQ: ZI), to its Board of Directors as of September 27, 2021. This strategic move is expected to leverage Schuck's extensive expertise in B2B data and software to enhance Tegus' market and business intelligence platform. Schuck's previous leadership at ZoomInfo, serving over 20,000 clients and driving significant revenue growth, will support Tegus during its growth phase. The company aims to transform how decision-makers access critical information to improve decision-making.

ZoomInfo (NASDAQ: ZI) has launched a new publication called The Pipeline, designed for sales, marketing, and recruiting professionals. This resource will provide data-driven strategies and tactics to help build and expand the revenue funnel. With content from industry leaders, The Pipeline aims to assist all levels of professionals, from startups to S&P 100 companies. Meghan Barr, Editor-in-Chief, emphasizes the importance of actionable insights for business growth. Subscriptions are available for updates, with further editions for marketing and recruiting set to launch soon.

ZoomInfo has retained its No. 1 position on 26 grids in G2’s Fall 2021 Grid Reports, marking its third consecutive quarter with at least 26 top placements. The company led 18 different grids for five consecutive quarters and achieved a record 43 grid appearances. Notably, ZoomInfo maintained the top spot in the Marketing Account Intelligence section for 15 quarters and ranked No. 1 in six sections overall. The reports highlight high customer satisfaction, reflecting ZoomInfo's commitment to innovation and quality.

ZoomInfo (NASDAQ: ZI) has acquired RingLead, enhancing its platform for data orchestration and revenue operations automation. The acquisition will provide companies with high-quality, actionable data to streamline go-to-market strategies. RingLead's tools automate data management, enabling the reconciliation of inconsistent customer data. This integration aims to improve lead routing and accelerate revenue growth. While financial terms were undisclosed, the acquisition is not expected to materially impact ZoomInfo's financial results for 2021.

ZoomInfo (NASDAQ: ZI) announced a significant corporate restructuring aimed at streamlining its governance and reducing compliance costs. This involves eliminating its UP-C corporate structure, ensuring all shareholders have equal voting rights. The conversion of OpCo units to Class A common stock is expected to enhance shareholder value and potential index inclusion. In Q2 2021, ZoomInfo reported a 57% revenue growth year-over-year, totaling $174 million, with over 1,100 customers contributing over $100,000 annually. The company aims to complete this restructuring by Q4 2021.

ZoomInfo (NASDAQ: ZI) announced new integrations with Chorus.ai, enhancing its go-to-market platform for revenue teams. Customers can access Chorus’ Momentum Insights within ZoomInfo, improving relationship management and decision-making. These features allow for automated call transcription and analysis, leveraging ZoomInfo's comprehensive data. With a 33% increase in match rates and 10x faster load times, this collaboration aims to enhance sales strategies and customer engagement, directly impacting business growth.

ZoomInfo (NASDAQ: ZI) has announced its participation in several investor events throughout September 2021. Key events include the Wolfe Research Investor Conference on Sept. 8, Deutsche Bank Technology Conference on Sept. 10, and Piper Sandler Global Tech Conference on Sept. 14. Webcast details and replays of presentations will be available on their investor relations website. ZoomInfo is a leader in go-to-market software and intelligence, helping over 20,000 companies enhance their sales, marketing, and recruiting efforts.