Investors in Profitable, Growing Service Businesses
Insurance Industry Veteran Paul Ford Takes the Helm at NetQuote
Denver, CO
NetQuote, Inc., the Internet's most popular comparison
shopping site for insurance, named Paul Ford chief executive
officer. Ford has served as NetQuote's president for the
past year and a half and replaces Gregg Coccari, who will
take over as chairman of the board.
"We've experienced tremendous growth over the past few
years, and Gregg has done an incredible job bringing us to
where we are," Ford said. "We're rolling out several new
initiatives in 2009 that will take our business to the next
level in terms of market penetration, brand visibility and
customer service."
Denver-based NetQuote is widely known as the Web's top
source for unbiased, independent insurance quotes. Customers
fill out a single quote request form and are matched with
multiple agents representing nearly all the top insurance
companies.
The company was founded in 1989 and purchased by Spectrum
Equity Investors and Stripes Group in 2005. Since that time,
the company has tripled in size and expanded to nearly 100
employees. NetQuote processes well over 600,000 consumer
applications per month and is now a $100 million revenue
business.
"The Internet has forever changed the way consumers make
purchase decisions, and auto insurance is one of the largest
non-discretionary purchases consumers make," Ford said. "It
makes sense to shop around, and NetQuote is the absolute
best place for consumers to shop for insurance."
Prior to joining NetQuote, Ford was a founder and EVP of Sales and Operations for InsLogic. With backing from ONEX, Warburg Pincus and Marsh McLennan Capital, InsLogic provided insurance to several Fortune 100 corporations, including Ford Motor Company, Charles Schwab and Capital One, who ultimately acquired the business.
For more information on NetQuote, please visit http://www.NetQuote.com.
About NetQuote, Inc.
NetQuote(R) is the Internet's most popular comparison insurance Web site, connecting consumers with multiple insurance agents who compete for their business. Since 1989, NetQuote has connected more than 20 million people to the Web's largest network of local insurance agents and national insurance carriers. NetQuote saves consumers time and money with objective insurance information and comparison shopping services for auto, home, renters, health, life and business insurance via http://www.NetQuote.com. NetQuote partners with the nation's top insurance carriers including Allstate(R), Nationwide(R), AIG(R) and Progressive(R) to make sure consumers get the right policy at the best price.
