NetQuote is an online marketplace allowing consumers to shop and apply for insurance policies.

Paul Ford, CEO NetQuote, was recognized as an outstanding entrepreneur who is building and leading a dynamic, innovative growing business.

As a free service to small business owners, NetQuote created SmallBizSmarts.com to arm owner-managers with customized advice and perspective on current issues in finance, management and insurance.

NetQuote 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.

NetQuote will use the growth investment to expand its offering to both its insurance agent customers and consumers. The company has also named Scott Striegel as President.