This Billion Dollar Company Considers Privacy Laws a Threat to Its Business - 2020-07-29
ZoomInfo, a data broker that collects contact information by harvesting it from peoples' email inboxes, sees increased attention on privacy legislation as a core risk to its billion dollar business, according to public records.
A recent filing from ZoomInfo's public offering shows in stark detail how valuable contact data can be, and how companies in the data harvesting space see their business as potentially impacted by changing perceptions around privacy. ZoomInfo went public in June, raising nearly a billion dollars.
One of ZoomInfo's products is its vast contact database that lets customers look up the email addresses and phone numbers of specific people. ZoomInfo collects this contact data via its "contributor network" of users of its free Community Edition as as well "many of our paying customers," the filing reads. The filing says "Our intelligence is kept up to date in real time."