Monday, December 5, 2022
Dec. 5, 2022

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Vancouver-based ZoomInfo acquires two California companies

By , Columbian Innovation Editor
Published:

Vancouver’s ZoomInfo acquired two companies, Comparably and Dogpatch Advisors, for $145 million last month, according to the company’s SEC filing.

One company called Comparably, based in Santa Monica, Calif., employs 90 workers and is a prominent online recruitment marketing and employer branding platform that lets companies to attract and engage top talent, according to a Tuesday announcement.

Comparably is a “popular destination for employee reviews and salary data,” according to the news release. The company “attracts millions of job seekers each month looking for a trusted source of information on company cultures and employee insights.”

Dogpatch Advisors is a research and advisory firm based in San Francisco.

ZoomInfo, which operates under the symbol ZI on the NASDAQ, bought Comparably with an aim to incorporate it in its talent recruitment brand called TalentOS, which works with over 25,000 businesses, according to its Zoominfo webpage.

The acquisition of Comparably comes during a labor shortage when U.S. companies are seeking to fill over 11 million jobs, and “hiring top talent in today’s highly competitive job market remains a challenge for companies of all sizes,” according to the press release. ZoomInfo’s acquisition of Comparably will “help companies improve their strategies for attracting prospective employees.”

The two companies join a growing list of ZoomInfo acquisitions, which number more than 14 since it first started under the name DiscoverOrg.

The company ended 2021 with its most successful quarter, with $222.3 million in revenue. Its first quarter of 2022 saw another record of $241.7 million, a 58 percent year-over-year increase, according to the Monday announcement.

“ZoomInfo delivered a great start to the year as reflected in our first quarter results, which include another quarter of strong revenue growth and free cash flow,” said Henry Schuck, ZoomInfo Founder and CEO. “Customers are embracing the ZoomInfo RevOS platform, with more companies using the data, insights, automation and workflows to grow their business and efficiently go-to-market.”

ZoomInfo ended the first quarter with 1,623 customers with $100,000 or greater in annual contract value. That’s up from 1,250 customers of the same stature in November last year.

Schuck and ZoomInfo plan on building its new headquarters at the Terminal 1 spot near The Waterfront Vancouver. The company’s headquarters occupy the 805 Broadway building now in downtown Vancouver.

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