ZoomInfo has agreed to acquire Chorus.ai, a Tel Aviv-based developer of Conversation Intelligence, the company announced on Tuesday.
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Chorus uses machine learning and artificial intelligence to capture and analyze prospect and customer calls, meetings, and emails.
The planned acquisition of Chorus will add a new category of actionable insights to ZoomInfo's intelligence layer, unlocking workflows and driving engagement informed by conversations. The acquisition expands ZoomInfo's total addressable market to $70 billion, and is expected to be accretive to growth immediately, generate positive adjusted operating income within 12 months, and be accretive to cash flow in the second half of FY 2022.
Henry Schuck, ZoomInfo Founder and CEO, said, "The acquisition of Chorus will accelerate our vision to deliver a modern go-to-market platform that brings together best-in-class intelligence with comprehensive data management, workflow, and engagement software, empowering companies to effectively execute their revenue-generating strategies. With the largest Conversation Intelligence patent portfolio in the industry, Chorus will advance each aspect of our vision by surfacing a new category of insights, illuminating new workflows, and enabling more targeted engagement at scale."
