CAMBRIDGE, Mass., April 30, 2019 /PRNewswire/ -- EverQuote,
Inc. (NASDAQ: EVER), a leading online insurance marketplace in the
U.S., is pleased to announce that Paul
Deninger has joined EverQuote's Board of Directors,
effective immediately.
Mr. Deninger brings over 30 years of experience advising
companies on creating shareholder value and leveraging technology
to drive transformation and growth. Mr. Deninger also has
deep capital markets experience, having helped to complete over 150
transactions, including IPOs, mergers and acquisitions, and
financings with leading technology companies and top-tier
investment firms.
"We are thrilled to welcome Mr. Deninger to our Board of
Directors. His extensive management experience, along with
his deep knowledge of the technology market, capital markets and
investment banking, will be an asset to EverQuote's Board of
Directors," said EverQuote CEO Seth
Birnbaum.
"It is an exciting time to be joining EverQuote's board.
The company has an experienced and innovative management team, and
is incredibly well-positioned to transform the insurance shopping
experience for both consumers and insurance providers," said Mr.
Deninger.
Mr. Deninger currently serves as a senior advisor to Evercore
Inc., a publicly held investment banking advisory firm. He
also serves on the boards of directors of Iron Mountain and Resideo
Technologies. Previously, Mr. Deninger served as a senior managing
director of Evercore and a vice chairman of Jefferies & Co., a
global securities and investment banking firm. Mr. Deninger
also held various positions at Broadview International LLC, a
private investment banking firm, including serving as its Chairman
and Chief Executive Officer until Broadview was acquired by
Jefferies in 2003.
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 Annual Report on Form 10-K,
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.