ZoomInfo Technologies Inc - ZI STOCK NEWS

ZoomInfo (NASDAQ: ZI) has significantly expanded its global contact database, now exceeding 235 million B2B profiles, with over 145 million contacts from international markets. The company added approximately 60 million profiles this year, primarily from the U.K., India, and Canada. ZoomInfo emphasizes data integrity and compliance with global regulations, including GDPR. Their data enhancements enable companies to target customers effectively, streamline sales processes, and improve talent acquisition, further solidifying ZoomInfo's position as a leading go-to-market intelligence provider.

ZoomInfo (NASDAQ: ZI) has appointed Andrew Riesenfeld as Senior Vice President of Business Development, focusing on enhancing their sales development and enablement teams. Riesenfeld aims to optimize the company's go-to-market strategies, drawing on over a decade of SaaS leadership experience, including previous roles at DocuSign, where he significantly increased revenue from $200 million to $2.5 billion. CEO Henry Schuck expressed confidence in Riesenfeld's capabilities, anticipating an immediate and lasting impact on the organization.

ZoomInfo (NASDAQ: ZI) announced an expansion of its technographic data, providing insights into technology solutions used by over 30 million companies. This dataset now includes more than 300 million technology pairings, enhancing sales and marketing targeting capabilities. The expanded data enables identification of a company’s tech stack across over 200 technology categories, driving efficiency in prospecting. Nearly 90% of tech-to-company pairings have been updated in the last three months, ensuring accurate tracking of technology usage.

ZoomInfo (NASDAQ: ZI) announced a significant expansion of its company coverage, tripling its database to include over 100 million businesses through enhanced data acquisition and machine learning. The new data pipeline improves accuracy and allows customers to target a wider market, particularly smaller businesses with limited online presence. ZoomInfo now provides comprehensive data, including revenue, headcount, and industry classifications for all companies in its database, and has doubled its non-headquarter locations to over 35 million, enhancing sales opportunities.

ZoomInfo Technologies is under investigation following a class action lawsuit filed on June 21, 2022. The lawsuit claims that ZoomInfo unlawfully accessed personal information within electronic communications without consent. Allegations include unauthorized use and disclosure of this information to third parties, contradicting the company's representations regarding its Community Edition program. This situation raises concerns about consumer protection violations and could significantly impact the company's reputation and operations in the market.

ZoomInfo (NASDAQ: ZI) has announced participation in several upcoming investor events, including the Canaccord Genuity Annual Growth Conference on Aug. 10, 2022, and the Deutsche Bank Technology Conference on Aug. 31, 2022. Other appearances include the Wolfe Research Investor Conference on Sept. 7 and the Piper Sandler Growth Frontiers Conference on Sept. 13, 2022, followed by the Goldman Sachs Communacopia Conference on Sept. 14, 2022. Webcasts of these presentations will be available on their investor relations website.

ZoomInfo (NASDAQ: ZI) reported a remarkable GAAP revenue of $267.1 million for Q2 2022, marking a 54% year-over-year growth. The company achieved a GAAP operating margin of 15% and an adjusted operating income margin of 40%. Cash flow from operations stood at $106.2 million. ZoomInfo closed the quarter with over 30,000 customers, including 1,763 customers contributing $100,000 or more in annual contract value.

For Q3 2022, guidance is set at $277 - $279 million in revenue.

ZoomInfo (NASDAQ: ZI) has appointed Tomer Gershoni as its new Chief Security Officer. Gershoni will lead the company's information security efforts, focusing on protecting data integrity and privacy. With over two decades of cybersecurity experience, including previous roles at the Israel National Cyber Directorate and Hewlett Packard Enterprise, he plans to enhance the security posture at ZoomInfo. The company, known for its commitment to data protection, has recently earned multiple security certifications, including ISO 27001 and ISO 27701.

ZoomInfo (NASDAQ: ZI) has appointed Chad Herring as Chief Human Resources Officer, enhancing its commitment to diversity, equity, and inclusion. Based in Vancouver, Herring will oversee human resources across all offices and focus on talent acquisition and employee experience. His experience spans two decades in various industries, including leadership roles in SaaS and corporate development. Herring previously served as Chief People Officer at Snapdocs and has been involved in multiple IPOs and acquisitions.