ZOOMINFO ALERT: Bragar Eagel & Squire, P.C. is Investigating ZoomInfo Technologies Inc. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm

Core Viewpoint - Bragar Eagel & Squire, P.C. is investigating potential claims against ZoomInfo Technologies Inc. due to a class action lawsuit alleging breaches of fiduciary duties by the board of directors during a specified class period [1] Company Overview - ZoomInfo is a software and data company that provides customer contact and business information to its clients [2] Class Action Allegations - The class action lawsuit claims that ZoomInfo made false or misleading statements and failed to disclose critical information, including: - Financial results were temporarily inflated due to COVID-19, leading to pulled-forward demand [3] - Significant portions of the customer base were reducing or abandoning the use of ZoomInfo's products [3] - Use of manipulative auto-renew policies and threats of litigation to retain customers against their will [3] - Coercive retention tactics damaged customer relationships and created a hidden demand cliff for future renewals [3] - Reported revenues and customer metrics were materially overstated as a result of these practices [3] Financial Performance and Stock Impact - On November 1, 2022, ZoomInfo reported increased customer scrutiny during contract renewals, leading to a decline in Remaining Performance Obligations (RPOs) to $979 million from$985 million, causing a stock price drop of over 29% [4] - On November 16, 2022, continued scrutiny negatively impacted revenue growth for fiscal year 2023, resulting in a stock price decline of approximately 17% [5] - On July 31, 2023, ZoomInfo reported a decline in customers with annual contract values over $100,000 and reduced annual revenue guidance by$50 million, leading to a stock price drop of about 28% [6] - On May 7, 2024, a decline in Net Revenue Retention (NRR) to 85% from 87% was reported, along with a revenue guidance reduction, causing a stock price fall of more than 24% [7] - On August 5, 2024, ZoomInfo announced a $33 million charge due to non-payments and a new risk model requiring upfront payments, further reducing revenue guidance by$65 million, resulting in an 18% stock price drop [8]