ZoomInfo Technologies Inc - ZI STOCK NEWS

ZoomInfo Technologies announced an upsized secondary offering, increasing shares from 20 million to 27 million. The selling stockholders, including TA Associates and The Carlyle Group, will retain all proceeds. No shares are sold by ZoomInfo itself. The last sale price per share was $54.78. Morgan Stanley is acting as the underwriter, with the offering executed under a previously effective SEC registration statement. The company emphasizes that this does not constitute a solicitation to buy shares in unauthorized jurisdictions.

ZoomInfo Technologies Inc. (NASDAQ: ZI) announces a secondary offering of 20,000,000 shares of its Class A common stock by selling stockholders, including investment funds affiliated with TA Associates, Carlyle, and 22C Capital. The sale is pursuant to a shelf registration statement with the SEC, and proceeds will go to the selling stockholders. No shares are sold by ZoomInfo itself. The offering is underwritten by Morgan Stanley, who will set a fixed price for shares. The last reported price of ZoomInfo’s stock was $54.78 per share on August 2, 2021.

ZoomInfo (NASDAQ: ZI) reported strong financial results for Q2 2021, achieving revenue of $174.0 million, a 57% increase year-over-year. The operating income stood at $40.9 million, with a GAAP margin of 24% and an adjusted margin of 43%. Cash flow from operations reached $88.6 million, reflecting a 250% increase. The company acquired Chorus.ai and Insent.ai, enhancing its go-to-market capabilities. For Q3 2021, ZoomInfo anticipates revenue between $182 million and $184 million.

Chorus.ai, a leader in Conversation Intelligence, has launched a new app for Zoom Video Communications, Inc., enhancing real-time engagement during meetings. This app, embedded within Zoom, allows sales teams to take live notes, collaborate seamlessly, and sync directly with customer relationship management systems like Salesforce. The integration aims to strengthen customer interactions and improve conversion rates. This innovation follows the introduction of the Momentum feature suite, which leverages AI insights to minimize deal risks, demonstrating Chorus.ai's commitment to improving sales team productivity and effectiveness.

ZoomInfo Technologies announced an offering of an additional $300 million in 3.875% Senior Notes due 2029. These Additional Notes will be treated as part of the same series as the Initial Notes issued in February 2021. The Additional Notes will be priced at 99.25% of their face value. Proceeds from the offering will be used to repay revolving credit borrowings, cover fees, and for general corporate purposes. The offering is expected to close on July 15, 2021, pending customary conditions. Notably, the Additional Notes will not be registered under the Securities Act.

ZoomInfo (NASDAQ: ZI), a leader in modern go-to-market software, has announced the acquisition of Chorus.ai for approximately $575 million in cash. This strategic purchase will enhance ZoomInfo's intelligence layer with advanced insights from sales conversations, expanding its total addressable market to $70 billion. The acquisition is expected to generate positive adjusted operating income within 12 months and be accretive to cash flow in the second half of FY 2022. Chorus's technology, backed by a strong patent portfolio, will empower revenue teams and improve engagement strategies.

ZoomInfo Technologies Inc. has announced the intention to offer an additional $300 million of its existing 3.875% Senior Notes due 2029. This offering is being conducted through its subsidiaries and will be treated as part of the same series as the initial $350 million issued in February 2021. The proceeds are intended for repaying outstanding revolving credit borrowings, covering transaction fees, and general corporate purposes. The offering is subject to market conditions and will not be registered under the Securities Act.