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July 15, 2021

ZoomInfo

Vancouver-based ZoomInfo, a global provider of go-to-market software, data and intelligence, announced it has agreed to acquire Chorus.ai, a leader in Conversation Intelligence. Chorus uses machine learning and artificial intelligence to capture and analyze prospect and customer calls, meetings, and emails. Founded in 2015 and headquartered in San Francisco, Chorus has 14 granted patents. 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. The purchase price will be funded with cash on hand and $500 million in additional financing. Morgan Stanley is serving as financial advisor to ZoomInfo, and Lane Powell and Simpson Thacher & Bartlett are serving as legal counsel. In conjunction with the acquisition, Chris Hays has been promoted to president and chief operating officer, and Nir Keren has been promoted to president, Israel and chief technology officer. Hays, who joined ZoomInfo in 2016, is based in the company's Waltham, Massachusetts office. Keren joined ZoomInfo in 2015 and is based in the company's Ra'anana, Israel office.




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