ZoomInfo, the subscription-based B2B platform that sells access to company data such as contact details, employment history, and other background information, was acquired earlier this week by Boston-based private equity firm Great Hill Partners. But the company didn’t reveal how much it was acquired for — until now.
A ZoomInfo spokesperson has confirmed to VentureBeat that it was acquired for $240 million, and it said that it will continue to operate as is, except under the wing of its new owners.
“I am very excited about this new chapter in ZoomInfo’s growth story,” said Yonatan Stern, CEO and chief scientist of ZoomInfo, in a press release issued earlier this week. “The company will continue to focus on delivering value to our rapidly expanding base of thousands of satisfied and loyal customers. We invest heavily in growing and improving our data assets, and in product innovation to deliver a wealth of information where and when our customers need it. We look forward to working with Great Hill Partners to accelerate our growth and maintain competitive advantage.”
Founded in 2000, Waltham, Massachusetts-based Zoominfo specializes in helping sales personnel identify and target qualified contacts through organizing and validating data. The platform also features user-contributed updates, while it crawls the web to extract mentions and details of companies and individuals in the news.