Vancouver business intelligence provider ZoomInfo acquired California startup Comparably in a move to bolster its recruiting product.
Terms of the deal were not disclosed, but ZoomInfo (Nasdaq: ZI) said it is not expected to have material impact on its fiscal year 2022 performance. The deal was announced as part of ZoomInfo’s first quarter earnings report.
In addition to Comparably the company also acquired a consulting firm called Dogpatch Advisors. According to regulatory filings the company expects to pay approximately $145 million in connection with these deals.
The company has a history of growing organically and through acquisitions.
Comparably makes software used for requirement marketing and company branding to help employers engage and recruit top talent. The product will be integrated into ZoomInfo’s TalentOS product, which gives recruiters access to data on millions of potential job candidates and how to reach them.
“ZoomInfo is committed to helping companies recruit talent more effectively. Comparably is a unique platform trusted by employees and businesses as a source of truth on company cultures, and it provides vital solutions to amplify a company’s employer brand,” said ZoomInfo CEO Henry Schuck in a written statement.
Comparably gives job seekers a place to find information on company culture and offers employers a way to highlight what it has to offer candidates.
“Job seekers are more educated and discerning than ever before, and companies are going to unseen lengths to recruit candidates of all backgrounds and skill sets,” said Comparably Co-Founder and CEO Jason Nazar in a written statement. “Partnering with ZoomInfo is an incredible opportunity to continue to support millions of employees and thousands of businesses and to help revolutionize how the modern challenges of recruiting are solved.”
According to Crunchbase, Comparably has raised $13.8 million from investors. The acquisition closed April 1.
ZoomInfo gathers, vets and sells business intelligence used by sales organizations. Its software integrates with other business technology like customer relationship management software. It went public in 2020 and has 2,700 global employees.
For the first quarter, the company reported revenue of $241.7 million, up 58% compared to the first quarter last year. It reported net income of $6.2 million, or 2 cents per share.
