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ZoomInfo

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] This personal information is available for sale to other businesses, which use the collected data for targeted marketing.[5]

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]

ZoomInfo is traded in Nasdaq since 2020.[13] The company changed its ticker symbol from “ZI” to "GTM" in May 2025.

The company was accused of investors fraud[14] in a 2024 lawsuit, and breach of fiduciary duties to its shareholders in 2026.[15][16]

Acquisitions

In 2017, as DiscoverOrg, the company acquired RainKing and in 2018, NeverBounce[17] and Datanyze.[18] In 2019, ZoomInfo acquired Komiko and in 2020, Clickagy and EverString Technology. In 2021, ZoomInfo acquired Insent,[19] Chorus.ai,[20] and RingLead.[21][22]

Lawsuits

Zoominfo is subject to multiple lawsuits for illegally collecting and selling personal data without consent,[23][24][25] misleading investors and artificially inflating its stock price.[26] 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.[26]

External links

References

  1. 2024 Annual Report (Form 10-K) U.S. Securities and Exchange Commission, February 25, 2025^
  2. Data Broker Registration for ZoomInfo State of California - Department of Justice - Office of the Attorney General, 2020-01-06, retrieved 2025-10-02^
  3. Elizabeth Balboa. ZoomInfo IPO: What You Need To Know Yahoo! Finance, June 4, 2020, retrieved September 26, 2022^
  4. Zoom Information Inc Bloomberg, retrieved 2024-01-02^
  5. Information Security - Phish Bowl Hamilton College, retrieved 2025-10-02^
  6. Notice of personal information processing. (This is not an advertisement) [ZoomInfo] it.brown.edu, retrieved 2025-10-02^
  7. Information Security - Phish Bowl Hamilton College, retrieved 2025-10-02^
  8. Taylor Soper. DiscoverOrg acquires ZoomInfo to strengthen sales and marketing contact database offering GeekWire, 2019-02-05, retrieved September 26, 2022^
  9. DiscoverOrg and ZoomInfo Merge Brands to Launch B2B Data Platform CRM Magazine, September 10, 2019, retrieved September 6, 2023^
  10. Elaine Mendonça. Bank of New York Mellon Corp Boosts Position in ZoomInfo Technologies Inc., Insider Trades Highlighted Best Stocks, August 23, 2023, retrieved September 6, 2023^
  11. John Zappe. New President Expected At ZoomInfo ERE, 2008-11-13, retrieved September 26, 2022^
  12. Paul Sawers. B2B data platform ZoomInfo was acquired by private equity firm Great Hill Partners for $240 million VentureBeat, 2017-08-17, retrieved September 26, 2022^
  13. ZoomInfo Announces Pricing of its Initial Public Offering Nasdaq, retrieved September 26, 2022^
  14. ZoomInfo can't shake investor suit over inflated revenue claims Westlaw, 2025-10-31^
  15. Did ZoomInfo Technologies Inc. Insiders Breach their Fiduciary Duties to Shareholders? – Company Announcement - FT.com markets.ft.com, retrieved 2026-03-14^
  16. ZoomInfo Technologies, Inc. (NASDAQ: GTM) Investor Reminder: Schubert Jonckheer Investigating Possible False Claims, Over $1.2 Billion Insider Sales Schubert Jonckheer & Kolbe, 2026-02-27, retrieved 2026-03-14^
  17. DiscoverOrg Acquires NeverBounce DiscoverOrg, 5 March 2019, retrieved February 7, 2020^
  18. ZoomInfo's Acquisition of Datanyze Enables Real-Time Delivery of Technographic Data Business Wire, 26 September 2018, retrieved September 26, 2022^
  19. ZoomInfo Acquires Insent to Enable Businesses to Implement Chat at Scale BusinessWire, 2021-06-08, retrieved September 26, 2022^
  20. Meir Orbach. ZoomInfo buys Israeli company Chorus.ai for $575 million CTECH, 2021-07-13, retrieved September 26, 2022^
  21. Kelly Lindenau. ZoomInfo Acquires RingLead to Combine, Cleanse & Route Disparate Data Sources Demand Gen Report, September 9, 2021, retrieved September 26, 2022^
  22. ZoomInfo S-1 U.S. Securities and Exchange Commission, retrieved September 26, 2022^
  23. Douglas Burda. Unraveling the ZoomInfo Class Action Lawsuit: What You Need to Know Ultra Law, 2025-01-29, retrieved 2025-10-02^
  24. Christopher Brown. ZoomInfo Sued Again for Use of Personal Info to Promote Services Bloomberg Law, 2024-09-06, retrieved 2025-10-02^
  25. The Gross Law Firm. ZoomInfo Technologies Inc. Securities Fraud Class Action Lawsuit Pending: Contact The Gross Law Firm Before November 4, 2024 to Discuss Your Rights - ZI www.prnewswire.com, retrieved 2025-10-02^
  26. Sheryl Sheth. Class Action Lawsuit Against ZoomInfo Technologies Inc. (NASDAQ:ZI) Nasdaq, 2024-10-24, retrieved 2025-10-02^