ZoomInfo Technologies acquired Zoom Information, Inc. (legacy ZoomInfo) for $760.1 million, a transaction completed in February 2019, structured as cash and deferred consideration.
Zoom Information, Inc. (legacy ZoomInfo) operates in B2B company & contact data, is based in United States, Israel, and Russia (operations). On February 1, 2019, DiscoverOrg acquired 100% of the stock of Zoom Information, Inc. -- the original ZoomInfo -- a provider of company and contact information to sales and marketing professionals that served more than 8,000 customers with operations in the U.S., Israel, and Russia. The combined company subsequently adopted the ZoomInfo brand, merging DiscoverOrg's data assets with the legacy ZoomInfo platform. Total purchase consideration was $760.1 million, funded largely with $667.3 million of cash plus deferred and equity-award-related consideration.
Combine DiscoverOrg's data with the legacy ZoomInfo platform to create a single go-to-market intelligence company operating under the ZoomInfo brand.
Advisory firms were not disclosed for this transaction.