CAMBRIDGE, Mass., Oct. 28, 2019 /PRNewswire/ -- EverQuote, Inc.
(NASDAQ: EVER), a leading online marketplace for insurance shopping
in the U.S., is pleased to announce a partnership with Bold Penguin
on the launch of its commercial lines marketplace.
Bold Penguin is an insuretech innovator that increases
speed-to-bind for commercial insurance through platforms that
enhance connections between customers, agents, and carriers -
reducing friction in the buying process. EverQuote will leverage
Bold Penguin's terminal and exchange infrastructure to rapidly
accelerate its path to market while growing the market opportunity
for online commercial insurance shoppers and providers.
"We admire the technology and data platform that Bold Penguin
has built to solve the biggest challenge in commercial lines
insurance distribution today. We have great respect for Ilya, Ben
and their team, and believe that working together we will have a
larger impact on the commercial insurance landscape," said
Seth Birnbaum, CEO of EverQuote.
EverQuote and Bold Penguin's partnership will benefit from a
shared sense of vision to make insurance simpler and more
efficient, ultimately getting more people the coverage they need.
The partnership will also take advantage of unique assets and areas
of expertise of the two companies.
"Bold Penguin was designed to be an enablement platform and
EverQuote's ability to utilize the technology and execute has been
exceptional,'' says Ilya Bodner Founder and CEO of Bold Penguin.
"We're happy to power another initiative and work together to
remove the inefficiencies in commercial insurance,'' Bodner
added.
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," "continues" 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) our ability to grow our marketplace and
launch innovative products to connect more insurance shoppers with
the right policies for them; (3) the Company's ability to maintain
or increase the amount providers spend per quote request; (4) the
effectiveness of the Company's growth strategies and its ability to
effectively manage growth; (5) the Company's ability to maintain
and build its brand; (6) the Company's reliance on its third-party
service providers; (7) 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; (8) the impact of competition in the Company's
industry and innovation by the Company's competitors; (9) the
Company's expected use of proceeds from its initial public
offering; and (10) 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.