Following IPO and Acquisitions, Porch Group Expands Leadership Team With Four Industry Veterans
03 Fevereiro 2021 - 6:05PM
Porch Group (“Porch” or “the Company”)
(NASDAQ: PRCH), a leading vertical software
platform reinventing the home services industry, today announced an
expansion of their leadership team, including Adam Kornick as
President of Insurtech, Andrew Beck as head of Contractor Tools
SaaS, Malcolm Conner leading Porch’s Home Services group, and
Manisha Patel as Vice President of Finance.
Adam Kornick, President of the Insurtech division at Porch, is
responsible for making insurance in the home simple using unique
demand and data from Porch’s vertical software platform and B2B2C
business model. Mr. Kornick previously led data and technology
functions as the Chief Data Technologist at Allstate and was the
Chief Analytics Officer at Aviva. He also had a career at
Progressive as a leader in product, operations and advanced
analytics, including managing operations to a substantially lower
Non-Acquisition Expense Ratio to enable rapid, profitable growth
and developing the capabilities to allow digital marketing across
40 billion impressions, yielding 8% more customers at the same
marketing spend level.Leading Porch Group's Contractor Tools SaaS
and Services division, Andrew Beck specializes in operational
performance improvement, holistic P&L ownership, and M&A.
Andrew served as General Manager at EverCommerce where he built a
division of home and field services SaaS solutions and supported
M&A integrations. During his tenure, EverCommerce grew from
startup to $2 billion in revenue, completed 35 domestic and
international acquisitions, and underwent a very successful
recapitalization with Silver Lake Partners.
Malcolm Conner, who will lead Porch’s Home Services group,
specializes in business growth and value creation with over 20
years of experience leading home services and information
businesses from start-up to revenues over $400 million. Prior to
joining Porch, he was Chief Executive Officer at NanoSmart
Technologies and its subsidiary, NanoSmart Lights. Malcolm also
served as President of American Water Resources, a home warranty
company and subsidiary of American Water, the largest water and
wastewater utility in North America. During his 4 years leading
this home warranty company, Malcolm and his team forged deep
partnerships throughout the utilities industry and grew over 300%
in terms of revenues and EBITDA.A finance executive with 15 years
of experience in domestic and international markets, Manisha Patel
is the Vice President of Finance for Porch. Prior to joining Porch,
Manisha served as the VP of Finance and M&A/Strategy at APR
Energy (LSE: APR 2011-2016). At APR Energy, she was a key member of
the executive team, directing the company strategy and building it
from $100 million to $450 million through organic growth and
M&A. She was a hands-on finance leader supporting over $2
billion in M&A activities/recapitalizations including a
SPAC-driven IPO on the London Stock Exchange and raising $1.5
billion of growth capital.
On December 23, 2020, Porch successfully merged with
PropTech Acquisition Corporation and began trading
on the NASDAQ under the symbol PRCH. On January 14, 2021, Porch
announced the strategic acquisitions of V12, PalmTech and iRoofing,
as well as its expansion into Insurtech with the acquisition of
Homeowners of America which is expected to close in the second
quarter of 2021.
“With our recent acquisitions and our debut on NASDAQ as a
publicly traded company, we're building great momentum and
continuing to grow rapidly,” said
Porch Group CEO, Chairman, and Founder
Matt Ehrlichman. “We’re pleased to have Manisha, Andrew, Adam, and
Malcolm join the leadership team and are excited about the future
of Porch. Our rapid expansion allows these leaders to step into
important roles making an immediate and positive impact.”
For detailed backgrounds on Porch Group’s executive leadership,
please visit https://porch.com/about/team.
About Porch Group
Seattle-based Porch Group, the vertical
software platform for the home, provides software and services to
more than 11,000 home services companies such as home
inspectors, moving companies, real estate
agencies, utility companies, and warranty companies. Through these
relationships and its multiple brands, Porch provides a moving
concierge service to homebuyers, helping them save time and make
better decisions on critical services, including
insurance, moving,
security, TV/internet,
home repair and improvement, and more. To learn
more about Porch, visit porchgroup.com or
porch.com.
Press contact:
Gateway Investor RelationsJordan Schmidt(949)
386-6332PRCH@gatewayir.com
Investor Relations contact:
Gateway Investor RelationsCody Slach, Matt Glover(949)
574-3860PRCH@gatewayir.com
Porch (NASDAQ:PRCHW)
Gráfico Histórico do Ativo
De Jun 2024 até Jul 2024
Porch (NASDAQ:PRCHW)
Gráfico Histórico do Ativo
De Jul 2023 até Jul 2024