The Floow Expands North American Team to Support Rapid Business Growth
Otonomo Technologies Ltd. (NASDAQ: OTMO) announced strong traction for its connected insurance solutions through its subsidiary, The Floow. The Floow has expanded its team in North America to support growth and capitalize on rising demand for connected vehicle data in the insurance sector. Key appointments include Jim Cook as VP of North American sales. The Floow's solutions empower insurers with data-driven insights, enhancing risk assessment and management. Otonomo continues to leverage its combined capabilities to solidify its leadership position in the connected insurance market.
- Strong demand for connected insurance solutions post-acquisition.
- Expansion of The Floow's team to support North American market growth.
- Key appointments to strengthen sales and client development.
- None.
Backed by the Otonomo Smart Mobility Data Platform, The Floow Witnesses Strong Traction for Its Connected Insurance Solutions for Global Insurance Carriers
SAN FRANCISCO and SHEFFIELD, United Kingdom, Aug. 30, 2022 (GLOBE NEWSWIRE) -- Otonomo Technologies Ltd. (Nasdaq: OTMO), the platform powering the mobility economy, today announced that The Floow, an Otonomo company, has expanded its team across strategy, sales, client services and marketing to drive continued growth and support of the North American market. Following its acquisition by Otonomo in early 2022, The Floow has seen strong demand for the fusion of connected vehicle data and cutting-edge mobile technology that will radically transform the insurance industry. To support business expansion, The Floow has announced the appointments of Jim Cook as vice president of North American sales, Julie Sehrt as senior director of client development, Luciana Chamberlain as product marketing manager and Scott Himowitz as marketing programs manager. The Floow also announced the promotion of Danny Maco to senior vice president of commercial lines and U.S. strategic products.
“Throughout my tenure in the insurance sector, the idea of truly connected insurance offerings has been little more than a dream,” said Jim Cook, VP of North American sales. “After speaking with The Floow’s team and customers – and seeing the product firsthand – it quickly became clear that this dream is now a reality. I’m honored to join this team of forward-thinking professionals who are spearheading true transformation in an industry that is ripe for disruption.”
The Floow provides a proven and industry-leading connected insurance solution powered by a full spectrum of data sources to revolutionize the way auto insurance is written and managed. Trusted by leading companies such as The Auto Club Group (ACG) and Progressive, The Floow enables insurers to introduce true connectivity into their offerings through a more precise and data-driven understanding of risk.
“Our expanded team at The Floow will continue to extend the reach of our product portfolio in the North American market,” said Aldo Monteforte, CEO of The Floow. “The combined strength of Otonomo and The Floow has enabled us to solidify our leadership position for connected insurance solutions, as well as invest in continued product innovation. We continue to grow the business and accelerate our go-to-market efforts across North America.”
Connect With The Floow at ITC Vegas
The Floow will be attending the upcoming InsureTech Connect Conference in Las Vegas (ITC Vegas) September 20-22, participating in the world’s largest gathering of insurance leaders and innovators. To schedule an onsite meeting with The Floow at ITC Vegas, please email: jamesc@otonomo.io
For more information about The Floow, visit www.thefloow.com.
About Otonomo
Otonomo (NASDAQ: OTMO), the platform powering the mobility economy, is igniting a new generation of mobility experiences and services. With Otonomo, providers in the transportation, mobility, insurance, and automotive industries are finally able to harness mobility data and insights and transform them into strategic assets and market advantage.
Our partners gain access to the broadest, most diverse, range of data from connected vehicles, mobile phones, public transport, EV infrastructure, and Mobility as a Service (MaaS) with just one contract and one API. Vehicle and multimodal mobility data is reshaped and enriched to provide deep visibility and actionable insights and empower planning, deployment, and operations.
Architected with privacy and security by design, our platform is GDPR, CCPA, and other privacy regulation compliant, ensuring all parties are protected and companies remain privacy compliant across geographies worldwide.
Otonomo has an R&D center in Israel and locations in the United States, Germany and the U.K.
More information is available at otonomo.io.
Otonomo on Social Media
For media inquiries, please contact:
Juliet McGinnis
Senior Director of Communications, Otonomo
press@otonomo.io
For investment inquiries, please contact:
MS- IR for Otonomo
Miri Segal
msegal@ms-ir.com
Forward Looking Statements
This announcement contains certain forward-looking statements within the meaning of the federal securities laws, including statements regarding the services offered by Otonomo, the anticipated technological capability of Otonomo, the anticipated benefits of the acquisition of Neura, the amount and timing of synergies from the acquisition of Neura, the markets in which Otonomo operates and Otonomo’s projected future financial and operational results. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this announcement, including but not limited to, the ability to implement business plans, forecasts, and other expectations, the ability to identify and realize additional opportunities, the ability to successfully integrate Neura, and potential changes and developments in the highly competitive data marketplace. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in Otonomo’s annual report on Form 20-F filed with the SEC on March 31, 2022 and other documents filed by Otonomo from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Otonomo assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Otonomo gives no assurance that it will achieve its expectations.
FAQ
What recent developments has Otonomo Technologies Ltd. (OTMO) announced regarding its connected insurance solutions?
Who are the key new appointments at The Floow following Otonomo's acquisition?
How do The Floow's solutions benefit insurers?
What is the significance of The Floow's growth in the insurance sector for OTMO investors?
