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8-K - CURRENT REPORT - SharpSpring, Inc. | shsp_8k.htm |
Exhibit 99.1
SharpSpring
Appoints Executive Daniel Allen to its Board of Directors Following
$8 Million Convertible Notes Offering
GAINESVILLE, FL – April 5, 2018 – SharpSpring, Inc. (NASDAQ:
SHSP), a leading cloud-based
marketing automation platform, has appointed Daniel Allen to its
board of directors, effective immediately. Allen, who is the
founder of Corona Park Investment Partners, which
recently led SharpSpring’s
$8 million convertible notes offering.
Allen brings significant investment, financial, and operational
experience to SharpSpring’s board. He currently serves as CEO
of Evercel (OTC: EVRC), the parent company of Printronix, a global
leader in industrial printing solutions where Allen serves as the
Chairman. Prior to founding Corona Park Investment Partners, Allen
spent nearly a decade at Bain Capital where he led more than a
dozen investments in venture and late-stage technology companies.
Prior to his time at Bain Capital, Allen was on the founding team
at Fandango. Earlier in his career, Allen also served as a strategy
consultant at McKinsey and Company, and worked at ABCNews in
Moscow, London, Hong Kong and New York City.
Allen received an M.B.A. from Harvard Business School and an A.B.
in Economics from Harvard College.
“The addition of Dan to the board, especially during a time
of such rapid growth for our company, is yet another positive
indicator for SharpSpring’s future,” said company
Chairman Steve Huey. “Dan not only has a wealth of financial
and capital markets experience, but he also brings to our
organization a deep insight into software companies and SaaS
business models. We look forward to his contributions and guidance
as we continue to expand SharpSpring’s footprint in the
marketing automation space.”
Additionally, due to other increased professional obligations,
SharpSpring Directors Roy W. Olivier and John (Rens) Troost have
both informed the company that they will not to stand for
re-election for the coming year. Following the company’s
annual general meeting in May, SharpSpring’s board will be
comprised of five directors, including Allen.
“On behalf of our board, I would like to thank Roy and Rens
for their service and direction, which has been instrumental in
bringing us to this pivotal point in our development,”
commented Huey. “I wish them continued success as they devote
their full-time attention on their respective day-to-day business
endeavors.”
About SharpSpring, Inc.
SharpSpring, Inc. (NASDAQ:
SHSP) is a rapidly growing,
highly-rated global provider of affordable marketing automation
delivered via a cloud-based Software-as-a Service (SaaS) platform.
Thousands of businesses around the world rely on SharpSpring to
generate leads, improve conversions to sales, and drive higher
returns on marketing investments. Known for its innovation, open
architecture and free customer support, SharpSpring offers flexible
monthly contracts at a fraction of the price of competitors making
it an easy choice for growing businesses and digital marketing
agencies. Learn more at www.sharpspring.com.
Important Cautions Regarding Forward-Looking
Statements
The
information posted in this release may contain forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. You can identify these statements by use of the
words “may,” “will,” “should,”
“plans,” “explores,” “expects,”
“anticipates,” “continues,”
“estimates,” “projects,”
“intends,” and similar expressions. Forward-looking
statements involve risks and uncertainties that could cause actual
results to differ materially from those projected or anticipated.
These risks and uncertainties include, but are not limited to,
general economic and business conditions, effects of continued
geopolitical unrest and regional conflicts, competition, changes in
technology and methods of marketing, delays in completing new
customer offerings, changes in customer order patterns, changes in
customer offering mix, continued success in technological advances
and delivering technological innovations, our ability to
successfully utilize our cash to develop current and future
products, delays due to issues with outsourced service providers,
those events and factors described by us in Item 1.A “Risk
Factors” in our most recent Form 10-K and other risks to
which our Company is subject, and various other factors beyond the
Company’s control. Except to the extent required by law, the
Company undertakes no obligation to update or revise (publicly or
otherwise) any forward-looking statements to reflect subsequent
events, new information or future circumstances.
Company Contact:
Edward Lawton
Chief Financial Officer
617-500-0122
IR@sharpspring.com
Investor Relations:
Liolios Group, Inc.
Matt Glover or Tom Colton
949-574-3860
SHSP@liolios.com