ZoomInfo CTO steps down to pursue new opportunity

Published 19/02/2025, 22:48
ZoomInfo CTO steps down to pursue new opportunity

ZoomInfo Technologies Inc. (NASDAQ:ZI), a prepackaged software services provider with impressive gross profit margins of 88.33%, announced the departure of its Chief Technology Officer, Ali Dasdan. The announcement came through a regulatory filing with the Securities and Exchange Commission on Wednesday. According to InvestingPro, the company maintains a GOOD overall financial health score despite trading at a premium valuation.

Dasdan, who has played a significant role in the technological advancements of ZoomInfo, will leave the company effective March 2, 2025, to pursue a new opportunity. The date of his notification to the company was February 13, 2025, coming just ahead of the company’s upcoming earnings announcement scheduled for February 25.

The company has not yet named a successor for Dasdan. With his departure, ZoomInfo may face the task of finding a new CTO who can continue to drive the innovation and growth for which the company is known. InvestingPro analysis suggests the company remains undervalued despite these challenges, with additional ProTips available for subscribers looking to dive deeper into ZoomInfo’s growth prospects.

ZoomInfo has not released further details regarding Dasdan’s future endeavors or the reasons behind his decision to leave. The company’s filing did not disclose any information about changes to its compensatory arrangements for executives or any interim leadership plans during the transition period.

Investors and market watchers will be keeping an eye on ZoomInfo’s next moves as they work to maintain their position in the competitive software services industry. The search for a new CTO will likely be a top priority for the company as they aim to fill the gap left by Dasdan’s departure.

This news is based on a press release statement filed with the SEC and reflects the company’s current reporting period as of February 13, 2025.

In other recent news, ZoomInfo has announced the appointment of Katie Rooney to its Board of Directors, effective February 1, 2025. Rooney, who currently serves as Chief Financial Officer at Maven, brings over 20 years of experience in finance and operations to the board. She will serve on both the Audit and Nominating and Corporate Governance Committees. Henry Schuck, Founder and CEO of ZoomInfo, noted Rooney’s expertise in driving transformative growth and financial strategy. Patrick McCarter, Chair of the Nominating and Corporate Governance Committee, expressed confidence in her financial acumen. Rooney herself highlighted the potential for consistent growth and strong free cash flow generation, which could lead to significant returns for shareholders. With this addition, ZoomInfo’s board now comprises 10 directors, nine of whom are independent. This move is part of ZoomInfo’s efforts to strengthen its leadership and enhance its position in the market.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.