Porch Group, a vertical software platform for home services, has announced expansions in its leadership team to enhance business segments. New appointments include Adam Kornick as President of Insurtech, Andrew Beck as head of Contractor Tools SaaS, Malcolm Conner leading Home Services, and Manisha Patel as VP of Finance. These leaders bring a wealth of experience from notable companies and are expected to drive growth following Porch's recent merger with PropTech Acquisition Corporation and strategic acquisitions.
Porch Group, a leading vertical software company in the home services sector, has been invited to present at the Northland Capital Markets SPAC Conference on January 19-20, 2021. The presentation is scheduled for January 19 at 10:00 a.m. Eastern time and will be available for live streaming. Porch Group offers software and services to over 10,500 home service companies, including home inspectors and moving companies, helping streamline moving processes for homebuyers. For more information, visit porchgroup.com.
Porch Group has announced a definitive agreement to acquire Homeowners of America, aiming to enhance its service offerings as a Managing General Agent and insurance carrier. This merger, pending regulatory approval, is projected to close in Q2 2021. The acquisition accelerates Porch's mover marketing strategy and expands its total addressable market by nearly $100 billion. Porch has raised its 2021 revenue outlook to $170 million, signaling a 134% year-over-year growth. The deals include the purchase of V12 for a combined $122 million, bolstering Porch's capabilities in both insurance and marketing.
Porch Group (Nasdaq: PRCH, PRCHW), a leader in the home services software industry, is set to present at the 23rd Annual Needham Growth Conference from January 11-15, 2021. The presentation is scheduled for January 11 at 2:45 p.m. Eastern time, with one-on-one meetings available throughout the event. Attendees can access the live webcast and replay here.