March 21, 2005
ComparisonMarket's New Venture Capital Funding Will Support Expansion, Growth
CLEVELAND, OH - March 21, 2005 - ComparisonMarket, Inc., which owns and operates Insurance.com, the largest online auto insurance agency in the United States, announced today that it has closed on a new round of venture capital to support future growth initiatives, including local expansion of the Solon-based company`s call center, information technology and marketing staffs and the launch of a national cable television advertising campaign to promote Insurance.com`s services.
David Roush, chief executive officer, said the company plans to add more than 100 new employees to support its expansion, with the sales center alone hiring 15 new insurance agents each month through the summer. ComparisonMarket is actively recruiting for both licensed and non-licensed property and casualty insurance agents. New hires will participate in four weeks of paid training and can earn up to $40,000 a year based on sales, plus a competitive benefits package.
"The continued growth of a technology-driven company such as ours opens up tremendous opportunities for skilled professionals right here in Greater Cleveland," said Roush. "This important round of funding will fuel our growth over the next several years, allowing us to increase our marketing initiatives and execute on our mission of helping consumers make informed financial choices and achieve long-term financial security."
ComparisonMarket, Inc., based in Solon, Ohio, owns and operates Insurance.com. The Insurance.com website enables consumers to instantly compare and buy competitive auto insurance quotes directly from any of more than a dozen leading insurance companies. When ready to purchase, users have the option of completing the transaction online or talking directly to an unbiased licensed agent. Other products include life, health and home insurance as well as travel, dental and pet health insurance.
In addition to Insurance.com, ComparisonMarket provides private labeled solutions to financial institutions, affinity groups and online marketplaces to offer their customers real choice and savings opportunities on auto insurance.
Dave Roush, CEO