[5] Founders Jevgeni Kabanov and Toomas Römer met at IT services provider Webmedia (now known as Nortal) in Tartu, Estonia and began to work together on the project in 2007.

Jevgeni and Toomas met David Booth at industry conferences, brought him on as a marketing consultant in January 2009, and promoted him to CEO by March.

The project yielded not only this commercial enterprise, but was also the center of Kabanov's Ph.D. thesis under his advisor Varmo Vene, Head of the Institute of Computer Science at the University of Tartu.

[3][6][7] On March 19, 2013, ZeroTurnaround announced they acquired Javeleon, a software company spun out of the Maersk McKinney Moeller Institute at the University of Southern Denmark.

[12] The company received seed funding of $0.38M in 2008/9 from Webmedia,[3][13] and a Series A round in 2011[14][15] followed by further investment of $2.7M in January 2014, both led by Bain Capital Ventures.