Exhibit
99.1
SharpSpring Appoints Jason Costi to Board of Directors
GAINESVILLE, FL – April 21,
2021 – SharpSpring,
Inc. (NASDAQ: SHSP),
a leading cloud-based revenue growth platform, has appointed senior
finance executive and capital markets veteran Jason Costi to its
board of directors, effective April 20, 2021. Costi assumes the new
role from David Buckel, who will not be standing for re-election at
the Company’s upcoming annual shareholder meeting in June.
Costi has also been named a member of the Company’s Audit,
Nominating and Corporate Governance Committees. After these
changes, SharpSpring’s board composition will remain at five
total directors, four of whom are independent.
Costi
brings a nearly 20 year background in investments, capital markets
and finance, with a consistent track record of building businesses
as an on-the-ground operator and private equity investor. Most
recently, Costi has served as an interim Chief Financial Officer
(CFO) and advisor for several disruptive growth companies across
multiple industries, including consumer products, apparel,
connected fitness, and home goods.
Costi
previously served as CFO of Bonobos, a men’s apparel company
and subsidiary of Walmart Inc., where he focused on acquiring new
e-commerce companies for Walmart.com in addition to his duties in
the CFO role. Prior to that, he led the finance and strategy teams
for Casper Sleep, where he was responsible for the company’s
global financial operations and corporate strategy, including
accounting, financial planning and analysis, strategic initiatives,
treasury, tax and investor relations. During his tenure, Casper
grew from an early-stage company to a global, omni-channel sleep
products enterprise with nearly $400 million of
revenue.
Before
joining Casper, Costi spent more than 10 years in financial
management, investing and strategic operations, including roles at
BlackRock, Tower Three Partners and The Carlyle Group. He began his
career in investment banking at Bear Stearns and The Blackstone
Group.
Costi
graduated with distinction from Emory University, where he received
a Bachelor of Business Administration, Concentration in Finance.
Costi also received an M.B.A. from Harvard Business
School.
“Jason
brings the perfect blend of finance, operations and investing
experience to our senior leadership team, and we’re looking
forward to having him on board,” said SharpSpring CEO Rick
Carlson. “As we continue to expand our addressable market
through new technologies and pricing strategies, we’ll be
looking to leverage Jason’s extensive background in various
industries to maximize our potential, optimize our cost structures
and improve our go-to-market motions. SharpSpring continues to
evolve into a leading revenue growth platform, and we are committed
to reaching a wider range of customers with innovative tools and
services to help them grow their businesses.”
Costi
added: “I appreciate the support from Rick and the
SharpSpring board as the newest member of the team. In my prior
roles, I’ve had direct operational involvement in working
with and leading the finance teams for high-growth companies at
similar stages of development. Based on my experience, I can
confidently say that marketing automation and the revenue growth
tools SharpSpring provides can help businesses of all sizes in
nearly all industries. Going forward, I will look to apply my
unique background to support the Company’s long-term
expansion efforts.”
Carlson
added: “I’d also like to thank David for his years of
service to our organization. We understand and respect his decision
to step down at the end of this term and wish him the best in his
future endeavors.”
About SharpSpring, Inc.
SharpSpring, Inc. (NASDAQ: SHSP) is a rapidly
growing, highly-rated, global and affordable revenue growth
platform delivered via a cloud-based Software-as-a-Service (SaaS)
solution. More than 10,000 businesses around the world rely on
SharpSpring platforms 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 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
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