Great Hill Partners has acquired Zoom Information (DBA ZoomInfo), a provider of business-to-business data and analysis.
ZoomInfo is a subscription-based software as a service company that sells access to its database of information about business people and companies to sales, marketing and recruiting professionals. The company was originally established in 2000 as Eliyon Technologies by founder and CEO Yonatan Stern and is headquartered Waltham, MA (www.zoominfo.com).
Great Hill invests from $25 million to $200 million of capital per transaction to finance the expansion, recapitalization or acquisition of growth companies in a range of sectors in business-to-business and business-to-consumer industries including software, financial and healthcare technology, digital media, e-commerce, and internet infrastructure.
“We are enthusiastic about our new investment in ZoomInfo,” said Christopher Gaffney, Managing Partner at Great Hill Partners. “The company is growing very fast while maintaining a high level of profitability, a rare combination that attests to the quality of its products, data, and employees. In the evolving market of data driven solutions for sales and marketing, we see a significant growth opportunity for ZoomInfo, and trust that with its current track record, strong product innovation and efficient operations they will continue to dominate the market.”
Typical transaction sizes for Great Hill range from $25 million to $500 million. In February 2017, Great Hill held a first and final closing of Great Hill Equity Partners VI LP, at the hard cap of $1.5 billion. The firm was founded in 1998 and is based in Boston (www.greathillpartners.com).
Lazard (www.lazard.com) was the financial advisor to ZoomInfo.
© 2017 Private Equity Professional | August 16, 2017