Acquisition of ZoomInfo from Waltham Comparatively Monday in an effort to tackle a COVID-era problem: labor shortages.
The enterprise marketing software company will capitalize on company and employer data from Comparably, a website that compiles salary, diversity and culture ratings for 60,000 companies. This could help ZoomInfo provide “recruiters with access to millions of quality candidates and employer branding solutions,” according to a statement.
Financial terms were not disclosed. Comparatively, which is based in Santa Monica, Calif., currently has about 90 employees.
“The seismic change in work accelerated by the COVID-19 pandemic has fueled the great resignation. Hiring top talent has never been harder,” ZoomInfo founder Henry Schuck said in a statement. “ZoomInfo is committed to helping companies recruit talent more effectively.”
Comparatively, CEO Jason Nazar agreed in a statement. “Partnering with ZoomInfo is an incredible opportunity to continue to support millions of employees and thousands of businesses and help revolutionize the way modern recruiting challenges are solved.”
Across the country, more than 11 million jobs are open, according to the Bureau of Labor Statistics. Employers are looking for everyone from frontline workers to executives to fill vacancies – many of which have become available due to a wave of quits and retirements during the pandemic. It reached a point where Governor Charlie Baker set aside $50 million in federal funds in March to help companies offer training and signing bonuses to attract workers.
ZoomInfo operates its East Coast headquarters in Waltham, but was acquired in 2019 by Vancouver, Washington-based DiscoverOrg, which later changed its name to ZoomInfo.
Diti Kohli can be reached at firstname.lastname@example.org. Follow her on Twitter @ditikohli_.