cogint Announces Spin-Off and Shift in Management Team
March 28 2018 - 8:42AM
Cogint, Inc. (NASDAQ:COGT) today announced the successful
completion of the spin-off of Red Violet, Inc. (NASDAQ:RDVT), its
risk management business. Following this transaction, Fluent, a
cogint subsidiary and an industry leader in data-driven digital
marketing services, will be cogint’s sole operating business. As
part of the transaction, the Company announced the appointment of
the Fluent management team, including Ryan Schulke, Matthew Conlin,
Ryan Perfit, and Don Patrick, as the Company’s new leadership team
and reconstituted its Board to five members, with Mr. Schulke and
Mr. Conlin joined by incumbents Peter Benz and Don Mathis and a new
appointee, Andrew Frawley, who previously served as CEO of Epsilon.
Ryan Schulke and Matthew Conlin, the co-founders
of Fluent, were appointed as the Company’s Chief Executive Officer
and President. The two founded Fluent in 2010, which was
privately held before merging with the Company in 2015.
Fluent is a leader in data-driven digital marketing and customer
acquisition and was responsible for the majority of the revenue and
profit for cogint and has been profitable since inception.
“The majority of the new cogint leadership team
have been operating the Fluent business for over seven years and we
are proud to take over the reins of cogint. We’ve dedicated
ourselves to the growth and profitability of our brand, and look
forward to delivering for our shareholders,” said Ryan Schulke,
CEO.
Don Patrick, the newest member of Fluent’s
management team, was appointed the Company’s Chief Operating
Officer. Mr. Patrick, a seasoned executive, previously
served as President of Infogroup Marketing Services, a business
unit of InfoGROUP, Inc., and as Chief Operating Officer of
Merkle.
Ryan Perfit was appointed the Company’s Interim
Chief Financial Officer. Mr. Perfit has served as Senior
Vice President, Finance, and joined Fluent in 2012.
About Cogint, Inc.Cogint, Inc.
(NASDAQ:COGT) is an industry leader in data-driven digital
marketing services, focusing on customer acquisition and
re-engagement campaigns, and serving over 500 leading consumer
brands and direct marketers. Leveraging a unique data-driven
platform, cogint enables advertisers to more effectively target and
engage their most valuable customers, with precision, at a massive
scale. The company is headquartered in New York City. For more
information, visit www.cogint.com or www.fluentco.com.
Forward-Looking StatementsThis
press release contains "forward-looking statements," as that term
is defined under the Private Securities Litigation Reform Act of
1995 (PSLRA), which statements may be identified by words such as
"expects," "plans," "projects," "will," "may," "anticipate,"
"believes," "should," "intends," "estimates," and other words of
similar meaning. Such forward looking statements are subject to
risks and uncertainties that are often difficult to predict, are
beyond our control and which may cause results to differ materially
from expectations, including whether we will be able to deliver for
our shareholders. Readers are cautioned not to place undue reliance
on these forward-looking statements, which are based on our
expectations as of the date of this press release and speak only as
of the date of this press release and are advised to consider the
factors listed above together with the additional factors under the
heading "Forward-Looking Statements" and "Risk Factors" in cogint's
Annual Report on Form 10-K, as may be supplemented or amended by
cogint’s Quarterly Reports on Form 10-Q and other SEC filings. We
undertake no obligation to publicly update or revise any
forward-looking statement, whether as a result of new information,
future events or otherwise, except as required by law.
Contact Information:
Investors:Jordyn TaraziCogint, Inc.(646)
356-8469JTarazi@Fluentco.com
Media:North 6th Agency, Inc.(212) 334-9753 ext.
143fluent@n6a.com
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