CAMBRIDGE, Mass., Oct. 24 2019 /PRNewswire/
-- EverQuote, Inc. (NASDAQ: EVER), a leading online
insurance marketplace in the U.S., is pleased to announce that
Shivi Shankaran will join the
company as Executive Vice President of Commercial Insurance and
Special Projects.
Mr. Shankaran is a gifted and experienced leader in product,
technology and operations, who brings significant expertise
building and scaling global organizations. "We are thrilled
to welcome Shivi to the leadership team. His tenure at Amazon in a
period of hypergrowth in their Global Operations organization will
enable him to accelerate EverQuote's entry into new verticals and
expand opportunities. Shivi has a rare combination of skills and
experience that will be crucial to EverQuote's growth ambitions."
said Seth Birnbaum, CEO and
Co-Founder of EverQuote.
"I love building things. You get to build a strong leadership
culture, hire passionate individuals who share your mission, and
drive hard towards results. I'm excited about how EverQuote is
transforming the customer experience for buying insurance. There is
significant opportunity to use technology to match customers with
the right products for their needs at the right prices. I'm
thrilled to be joining an organization as data-driven as EverQuote
and look forward to helping write the next chapter in EverQuote's
incredible growth story," said Mr. Shankaran.
Mr. Shankaran previously spent
nearly 15 years in various roles at Amazon. Before this, he worked
as a Senior Software Engineer at Netscape. He holds a Bachelors
degree in Electronics Engineering, a Masters degree in Computer
Science, and an MBA from Carnegie Mellon University.
Safe Harbor Statement
Any statements in this press release about future expectations,
plans and prospects for EverQuote, Inc. ("EverQuote" or the
"Company"), including statements about future results of operations
or the future financial position of the Company, including
financial targets, business strategy, plans and objectives for
future operations and other statements containing the words
"anticipates," "believes," "expects," "plans," and similar
expressions, constitute forward-looking statements within the
meaning of The Private Securities Litigation Reform Act of
1995. Actual results may differ materially from those
indicated by such forward-looking statements as a result of various
important factors, including: (1) the Company's ability to attract
and retain consumers and insurance providers using the Company's
marketplace; (2) the Company's ability to maintain or increase the
amount providers spend per quote request; (3) the effectiveness of
the Company's growth strategies and its ability to effectively
manage growth; (4) the Company's ability to maintain and build its
brand; (5) the Company's reliance on its third-party service
providers; (6) the Company's ability to develop new and enhanced
products and services to attract and retain consumers and insurance
providers, and the Company's ability to successfully monetize them;
(7) the impact of competition in the Company's industry and
innovation by the Company's competitors; (8) the Company's expected
use of proceeds from its initial public offering; and (9) other
factors discussed in the "Risk Factors" section of the Company's
most recent Quarterly Report on Form 10-Q, which is on file with
the Securities and Exchange Commission. In addition, the
forward-looking statements included in this press release represent
the Company's views as of the date of this press release. The
Company anticipates that subsequent events and developments will
cause the Company's views to change. However, while the Company may
elect to update these forward-looking statements at some point in
the future, the Company specifically disclaims any obligation to do
so. These forward-looking statements should not be relied upon as
representing the Company's views as of any date subsequent to the
date of this press release.
About EverQuote
EverQuote operates a leading online insurance marketplace
in the U.S., connecting consumers with insurance providers.
The company's data & technology platform matches and connects
consumers seeking to purchase insurance with relevant options from
the company's broad direct network of insurance providers, saving
consumers and providers time and money. EverQuote was founded
with the vision of applying a scientific, data-driven approach to
help consumers find the best price and coverage for their
individual insurance needs.
For more information, visit EverQuote.com and follow on Twitter
@EverQuoteInsure.
Investor Relations Contact:
Brinlea Johnson
The Blueshirt Group
212-331-8424
Brinlea@blueshirtgroup.com
Or
Allise Furlani
The Blueshirt Group
212-331-8433
allise@blueshirtgroup.com
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SOURCE EverQuote, Inc.