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8-K - CURRENT REPORT - SharpSpring, Inc. | shsp_8k.htm |
Exhibit
99.1
SharpSpring Appoints Savneet Singh to Board of
Directors
GAINESVILLE, FL – August 19, 2020 – SharpSpring,
Inc. (NASDAQ: SHSP),
a leading cloud-based marketing and sales automation platform, has
appointed award-winning public company CEO and veteran software
investor Savneet Singh to its board of directors, effective August
17, 2020. Singh assumes the new role from Marietta Davis, who has
resigned from the board as of August 17, 2020. Singh has also been
named a member of the Company’s Compensation and Audit
Committees. With these changes, SharpSpring’s board
composition remains at five total directors, four of whom are
independent.
Singh
comes to SharpSpring with over 15 years of combined experience in
capital markets, investment and executive management as well as
board-level advisory roles. Since January 2019, he has served as
the Chief Executive Officer (“CEO”) and a board member
of PAR Technology Corporation (NYSE: PAR)(“PAR”), a
leading global provider of cloud-based Point of Sale
(“POS”) software, hardware, and service solutions to
the restaurant, retail and hospitality industries worldwide.
Through its 40-year operating history, PAR has become recognized as
one of the largest and most prominent suppliers of POS systems in
the United States, EMEA and APAC regions. Singh also currently
serves on the board of directors at Osprey Technology Acquisition
Corp. (NYSE: SFTW), a special purpose acquisition company
(“SPAC) focused on acquisitions in the software
space.
Singh
holds a B.S. in Applied Economics and Management from Cornell
University.
“On
behalf of the entire leadership team, I would like to welcome
Savneet to the SharpSpring board of directors,” said Company
CEO Rick Carlson. “Savneet possesses direct operating
experience in managing a public, emerging growth, technology
business and building it for scale, which is directly aligned with
our mission at SharpSpring. More specifically, his success in
transforming PAR from a legacy hardware business into a significant
and established SaaS-based operation will be an invaluable
reference point as we continue in our long-term expansion efforts.
Additionally, his extensive software investing background makes him
a subject matter expert in our industry at a macro level. We look
forward to leveraging his many talents to execute on our near-term
operating objectives and more effectively communicate our value
proposition to the investment community.”
Singh
added: “I’m excited to help Rick and the team take
SharpSpring to its next level of growth. SharpSpring offers a
compelling and enterprise-feature comparable service to a niche but
rapidly growing agency customer base at price point that is
unmatched. The Company is incredibly well-positioned to continue
taking market share, and I look forward to augmenting their
existing growth by helping to improve current processes and
leveraging my investing background to enhance our performance
levels in many key SaaS key performance
indicators.”
Carlson
added: “I would also like to thank Marietta for her valuable
contributions to the board throughout her tenure at SharpSpring. As
she transitions to a more active professional role at another
organization, we appreciate her commitment to our Company and her
integrity in wanting the position to receive the full time and
attention it requires. We wish her all the best in her future
pursuits.”
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 sharpspring.com.
Company Contact:
Aaron
Jackson
Interim
Chief Financial Officer
Phone:
352-448-0967
Email:
IR@sharpspring.com
Investor Relations:
Gateway
Investor Relations
Matt
Glover or Tom Colton
Phone:
949-574-3860
Email:
SHSP@gatewayir.com