ZoomInfo Technologies Inc - ZI STOCK NEWS

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.

ZoomInfo (NASDAQ: ZI) is set to announce its second quarter 2021 financial results on August 2, 2021, after U.S. markets close. The management will conduct a conference call at 4:30 p.m. ET to discuss the results. Interested parties can join via a live webcast or dial in using provided phone numbers. The archived webcast will be available for one year on their Investor Relations website.

ZoomInfo (NASDAQ: ZI) announced a new integration with Microsoft Dynamics 365, enhancing customer access to the ZoomInfo platform. This integration centralizes ZoomInfo's constantly updated data within Dynamics 365, allowing users to create and update records, thus combating data decay. Both companies anticipate improved sales, marketing, and operational efficiencies for mutual clients. Additionally, ZoomInfo emphasizes GDPR and CCPA compliance, ensuring rigorous data privacy and security standards.

ZoomInfo (NASDAQ: ZI) has partnered with LeanData to integrate their Salesforce applications, enhancing lead-to-account matching and routing. This collaboration allows joint customers to enrich Salesforce records with ZoomInfo data, improving the accuracy and efficiency of lead delivery. With this integration, sales teams can access complete records, respond to potential clients faster, and achieve revenue goals more effectively. Both companies aim to help nearly 600 joint customers optimize their sales processes and increase revenue.

ZoomInfo (NASDAQ: ZI) achieved a record 27 No. 1 rankings in G2's Summer 2021 Grid Reports, surpassing its previous record of 26. The company led categories like Overall Sales Intelligence and Marketing Account Intelligence, maintaining the top position in 25 rankings from last quarter. This marks the fourth consecutive quarter of holding at least 19 No. 1 rankings. ZoomInfo's performance reflects its commitment to delivering effective go-to-market intelligence solutions, driving growth for over 20,000 businesses globally.

ZoomInfo (NASDAQ: ZI) has launched the ZoomInfo Recruiter platform, aimed at enhancing recruitment efficiency by allowing teams to identify and connect with top talent quickly. This platform offers access to comprehensive candidate data, including work history and educational background, while facilitating automated outreach to engage candidates swiftly in a competitive hiring environment. The launch responds to the ongoing talent shortage, with nearly 60% of recruiters struggling to find quality candidates. The platform also integrates with leading applicant tracking systems, streamlining the recruitment process.