info If you need help logging in or finding your support PIN, let me know! In short, it will allow salespeople to enter meetings with complete intelligence about each participant and company. The value of the transaction was listed at approximately $575 million in cash. ZoomInfo was founded in 2000 in Israel by Yonathan Stern and acquired by US private equity firm Great Hill Partners for $240 million in 2017. With this acquisition, ZoomInfo and Chorus together provide an indispensable solution for your GTM teams. Read More 0. The. The acquisition expands ZoomInfo's total addressable market to $70 billion, and is expected to be accretive to growth immediately, generate . ZoomInfo announced this morning it intends to acquire conversational sales intelligence tool Chorus.ai for $575 million. ZoomInfo + Chorus will allow managers to prepare reps for the most challenging conversations. 2min read. Schuck hopes that Chorus' insights, together with ZoomInfo, might enable businesses to execute automated . Under the terms of the agreement, Zoominfo agreed to acquire the assets and specified liabilities of Chorus for approximately $575 million in an all-cash transaction, which includes a cash tax. and advanced lead routing rules to initiate real-time conversations, and increases conversions. Go-to-Market Platform ZoomInfo announced that it completed the first stage of its Chorus Integration after acquiring the Conversational Sales firm in mid-July. "Since announcing ZoomInfo's acquisition of Chorusour team has made great strides in seamlessly making key features of the Chorus platform available to our customers. ZoomInfo hopes to improve its platform with acquisition of sales intelligence tool. "These integrations will allow sales, marketing, and operations teams to instantly use both ZoomInfo and . "Since announcing ZoomInfo's acquisition of Chorus just last month, our team has made great strides in seamlessly making key features of the Chorus platform available to our customers," said . In earlier deals, ZoomInfo bought Insent.ai, Clickagy and EverString. The acquisition of Chorus.ai will expand ZoomInfo's total addressable market to USD 70 billion, the company said. View Jing Ngiaw's business profile as K-8 General Music Teacher at National Heritage Academies. Vancouver-based ZoomInfo announced Tuesday that it will acquire business intelligence company Chorus.ai in a $575 million transaction. "Since announcing ZoomInfo's acquisition of Chorus just last month, our team has made great strides in seamlessly making key features of the Chorus platform available to our customers," said Henry Schuck, ZoomInfo founder and CEO. Unified Communications ZoomInfo Acquires Chorus.ai for Insight-Driven Innovation ZoomInfo, a leader in go-to-market data, software, and intelligence, recently announced the decision to purchase Conversation Intelligence innovator, Chorus.ai. ZoomInfo has acquired in 2 different US states. It is its second announced acquisition in two months. In July, ZoomInfo acquired Chorus.ai for $575 million, marking its biggest purchase. Concurrent with the acquisition of Chorus, we issued $300 million in add-on senior notes due February 2029 and $200 million in add-on term loan B with a maturity of February 2026. July 20, 2021. Business contact and intelligence platform, ZoomInfo, recently announced that it has acquired Chorus.ai, enabling its users to gain insights from customer calls, meetings, and emails for better buyer-seller interactions.. Henry Schuck, ZoomInfo Founder, and CEO said in a statement, "The acquisition of Chorus.ai will accelerate our vision to deliver a modern GTM platform that brings together . The deal would also expand ZoomInfo's total addressable market to $70 billion, generate positive adjusted operating income within . Insent acquisition Insent will now allow businesses to activate chat at scale. ZoomInfo has acquired 8 organizations. Marketing Technology News: HyperX Signs Professional Tennis Player Daniil Medvedev as Global Brand Ambassador In July, ZoomInfo acquired Chorus to enhance ZoomInfo's vision to deliver a modern go-to-market platform that allows companies to easily identify their target markets and grow their businesses with insight-driven engagement. Business intelligence company ZoomInfo said Tuesday it will acquire Chorus.ai, an Israeli-founded maker of conversation intelligence solutions, for $575 million in cash. ZoomInfo, a provider of go-to-market software, data, and intelligence, will acquire Chorus.ai, a conversation intelligence provider, for $575 million. Chorus' main solutions include real-time call recording and transcription, sales coaching, onboarding and skill development and data analytics. Shares of ZoomInfo are unchanged in premarket trading following the news,. The purchase price will be funded with cash on hand and $500 million in additional financing. workflows and engagement software with Chorus' conversation insights, the duo will help The IRO News Desk. 2min read. ZoomInfo Acquires Comparably Apr-26-2022 ZoomInfo Engage helps your sales team connect with the right prospects, capture every engagement opportun. The company said that the acquisition of Chorus will provide it a new category of actionable insights to its intelligence layer, thereby unlocking workflows and driving engagement that is informed by conversations. Founded in 2015, Chorus is a leader in Conversation Intelligence, a space that industry analysts rank as the highest impact and highest satisfaction category of sales enablement technology available today. ZoomInfo operates a database of company information aimed at. Jul. Founded in 2015, Chorus is a leader in Conversation Intelligence, a space that industry analysts rank as the highest impact and highest satisfaction category of sales enablement technology available today. ZoomInfo to Acquire Chorus.ai. Concurrent with the acquisition of Chorus, we issued $300 million in add-on senior notes due February 2029 and $200 million in add-on term loan B with a maturity of February 2026. The planned acquisition of Chorus will add a new category of actionable insights to ZoomInfo's world-class intelligence layer, unlocking workflows and driving engagement informed by conversations. Funding Rounds Number of Funding Rounds 2 Total Funding Amount $7M ZoomInfo has raised a total of $7M in funding over 2 rounds. ZoomInfo Technologies has acquired in 8 different US states. Zoominfo said it will acquire all the assets and specified liabilities of the 200-employee company in an all-cash deal that includes a $100 million tax break. ZoomInfo, a company that specializes in go-to-market intelligence solutions, has announced its plan to acquire conversation intelligence platform Chorus.ai.The monetary value of the transaction was estimated to be around US$ 575 million in cash. Under the terms of the agreement, ZoomInfo agreed to acquire the assets and specified liabilities of Chorus for ~$575M in an all-cash transaction, which includes a cash tax benefit related to the. ZoomInfo (ZI) to Acquire Conversation Intelligence Leader Chorus.ai Article Related Press Releases ( 1 ) Related Articles ( 1 ) Stock Quotes (1) FREE Breaking News Alerts from StreetInsider.com! CEO of ZoomInfo Henry Schuck said, "The acquisition of Chorus will accelerate our vision to deliver a modern go-to-market platform that brings together best-in-class intelligence with . ZoomInfo operates a database of company information. US-based business intelligence firm Zoominfo has acquired Israeli-origin conversation intelligence startup Chorus.ai for $575 million. ZoomInfo and Chorus.ai will work together to enable "customers to make excellent, data-driven decisions through their sales funnel, combining . . Go-to-market cloud software company ZoomInfo Technologies said Tuesday that it's acquiring Chorus.ai in an all-cash transaction valued at $575 million. News. Their latest funding was raised on May 1, 2014 from a Private Equity round. clear filters May 2022 Comparably explore acquisition April 2022 Dogpatch Advisors explore acquisition September 2021 RingLead explore acquisition July 2021 Chorus ZoomInfo, which went public last year,. Series A -> Acquisition by ZoomInfo (Nasdaq: ZI) for $575M in July 2021. And, this is just the beginning. The acquisition expands ZoomInfo's total addressable market to $70 billion, and is expected to be accretive to growth immediately, generate . Was blessed to have . "Since announcing ZoomInfo's acquisition of Chorus just last month, our team has made great strides in seamlessly making key features of the Chorus platform available to our customers. Engage Overview Apr-04-2022 With the Chorus.ai by ZoomInfo mobile app, access all of your calls on the go so you can win as a team Chorus Mobile Feb-28-2022 Sales intelligence, Chorus's market, is a hot space that uses AI to "listen" to sales conversations to help improve interactions between salespeople and customers. The upcoming acquisition will deliver a new level of actionable insights into the world-class ZoomInfo intelligence layer, unlocking new workflows and engagement informed . ZoomInfo Technologies, a provider of go-to-market cloud software, has announced the acquisition of Chorus.ai for US$575 million in an all-cash transaction. EBITDA is increasing in the mid 50% range but debt looks to be increasing by 68%, at least for next year. Find contact's direct phone number, email address, work history, and more. The acquisition expands ZoomInfo's total addressable market to $70 billion, and is expected to be accretive to growth immediately, generate . Financial terms of the deal were not disclosed. . At ZoomInfo, we definitely have a few things to say about the topic company founder and CEO Henry Schuck was the original source of the ranking program at issue. ZoomInfo Acquisitions We look to acquire products and technologies that, when combined with our data and insights, provide unrivaled value to our customers and shareholders. "The acquisition of Chorus will accelerate our vision to deliver a modern go-to-market platform that brings together best-in-class intelligence with comprehensive data . Using ZoomInfo Engage, customers will have the capabilities to transcribe calls and analyze them with Chorus' Momentum Insights. ZoomInfo has acquired 2 companies of its own, including 2 in the last 5 years.. ZoomInfo's largest acquisition to date was in 2018, when it acquired Datanyze for $15M. ZoomInfo Technologies' largest acquisition to date was in 2021, when it acquired Chorus.ai for $575M. In July of 2021, leading go-to-market data and intelligence software solution Zoominfo announced its major acquisition of Chorus.ai. ZoomInfo acquires Chorus.ai, Amperity CDP raises $100M, CSG acquires Kitewheel & more customer experience and marketing news. Which funding types raised the most money? July 14, 2021. By accepting we'll assume that you are happy to receive all cookies on our website. That includes using top performers' sales recordings to isolate winning responses and accessing org charts to understand key stakeholders' roles. In June, Zoominfo said that it had acquired Insent, a Japanese conversational marketing platform that identifies website visitors through AI and chatbot technology. Israeli B2B data company Zoominfo, a firm that develops go-to-market intelligence solutions, has announced its intention to acquire Chorus.ai, also an Israeli company that developed a conversation intelligence platform for sales teams. Advertisement. ZoomInfo, an American company, announces the acquisition of Chorus for $575 million in cash money. July 2021 Chorus acquisition The acquisition of Chorus will accelerate our vision to deliver a modern GTM We provided legal counsel to ZoomInfo in its approximate $575 million all-cash acquisition of Chorus.ai. The planned acquisition of Chorus will add a new category of actionable insights to ZoomInfo's world-class intelligence layer, unlocking workflows and driving engagement informed by conversations. Under the terms of the agreement, ZoomInfo agreed to acquire the assets and specified liabilities of Chorus in an all-cash transaction, which includes a cash tax benefit of over $100 million. ZoomInfo, a provider of go-to-market intelligence solutions, has acquired Insent, a conversational marketing platform that identifies website visitors in real time, uses artificial intelligence (A.I.) ZoomInfo has agreed to acquire Chorus.ai for $575 million in cash, adding conversation analysis capabilities to the Vancouver-Wash.-based company's offerings. . The Company's most targeted sectors include information technology (50%) and software (50%).. Join Mergr and gain access to ZoomInfo's M&A summary, the M&A summaries of . May 12, 2022. To help enterprises attract and engage millions of candidates, ZoomInfo announced the acquisition of the recruitment marketing and The IRO News Desk. However, if you would like to, you can change your cookie settings at any time.Read More Under the terms of the agreement, Zoominfo agreed to acquire the assets and specified liabilities of Chorus for approximately $575 million in an all-cash transaction, which includes a cash tax benefit related to the asset purchase of over $100 million. . ZoomInfo RevOS is a multiplatform operating system that revenue teams use to deliver business growth. See what we released in 2021 | Chorus.ai We've had a big year as ZoomInfo acquired Chorus to enhance ZoomInfo's vision to deliver a modern go-to-market platform that allows companies to easily identify their target markets and grow their businesses with insight-driven engagement. From enhancing our already robust AI & ML algorithms for smarter recommendations, to accessing Chorus data within ZoomInfo (and vice-versa), the opportunities presented by this acquisition are truly endless. "ZoomInfo is the only company that can marry a best-in-class data layer with world-class go-to-market applications," commented Henry Schuck, ZoomInfo Founder and CEO. A total of 3 acquisitions came from private equity firms. 3 min read ZoomInfo announced this morning it intends to acquire conversational sales intelligence tool Chorus.ai for $575 million. Intelligence and prospecting solutions for relentless sales teams determined to crush quotas. Shares of ZoomInfo are unchanged in. Paired with ZoomInfo industry-leading B2B intelligence we can provide the most important prospects with personalized experiences without overwhelming internal teams. With its acquisitions, ZoomInfo has. ZoomInfo, a leader in go-to-market data, software, and intelligence, recently announced the decision to purchase Conversation Intelligence innovator, Chorus.ai. Chorus is known as a provider of. ZoomInfo, on the other hand, offers go-to-market software, data, and intelligence, serving over 20,000 global revenue teams. Sales intelligence, Chorus's market, is a hot space that uses AI to "listen" to sales conversations to help improve interactions between salespeople and customers. Their most recent acquisition was Comparably on May 2, 2022. These integrations will allow sales, marketing, and operations . ZoomInfo is mostly known for providing information about customers, so the acquisition expands the acquiring company's platform in a significant way. ABM and conversion tools for modern marketers obsessed with how to turn leads into pipeline. In order to finance the $575 million Chorus.ai acquisition ZoomInfo raised an additional $500 million in debt, due in 2029. ZoomInfo, a business marketing software company with Massachusetts roots, said on Tuesday that it has acquired Chorus, a conversational technology platform, in an all-cash . The planned acquisition of Chorus will add a new category of actionable insights to ZoomInfo's intelligence layer.. ZoomInfo acquires Chorus.ai for $575M to expand its sales intelligence platform by Maria Deutscher Publicly-traded ZoomInfo Technologies Inc., which supplies enterprises with market intelligence. Sep 2020 - Jul 202111 months. We acquired Clickagy and launched Streaming and Custom Intent. The planned acquisition of Chorus will add a new category of actionable insights to ZoomInfo's world-class intelligence layer, unlocking workflows and driving engagement informed by conversations. In just the last 12 months, we launched ZoomInfo Engage to automate sales outreach. M&A; Chorus.ai. The acquisition expands Nexa's tech-enabled and people-powered . With the Chorus acquisition, ZoomInfo is expanding its engagement sales tech stack by adding a highly complementary and fastest growing conversation intelligence tool. First Sales Manager hire on the team. The acquisition expands ZoomInfo's total addressable market to $70 billion, and is expected to be accretive to growth immediately, generate . The entire 200-strong Chorus.ai team, including 40 Israelis, will transfer over to ZoomInfo, which has an R&D center in Ra'anana, Israel. ZoomInfo's acquisition of Chorus for $575 million highlights a trend of capability encroachment and market consolidation across sales tech vendors called "Sales Tech Mayhem." Sales operations leaders should understand the implications of the acquisition on their sales technology roadmap. "The acquisition of Chorus . However, Israeli startup Chorus.ai quickly reminds us all that the dream is still very much alive. These integrations will allow sales, marketing, and operations teams to instantly use both ZoomInfo and Chorus to expand their pipelines via a data-first . The purchase price will be funded with cash on hand and $500 million in additional financing. Early this month, the company released the first of its much anticipated integrations. Lane Powell provided legal counsel to ZoomInfo in its approximate $575 million all-cash acquisition of Chorus.ai. He cites stack ranking and lead distribution as key factors in our go-to-market efficiency, including sub 30-day sales cycles and a lifetime customer value more than 10 times its . ZoomInfo said that by incorporating Chorus' technology into its platform, it will obtain middle-of-the-funnel intelligence, which will complement the company's existing top-of-the-funnel . ZoomInfo Acquires Chorus.ai to Deliver Conversation Intelligence through its Modern Go-To-Market Platform We've had some big moments at ZoomInfo over the years. 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