Care.com (NYSE: CRCM), the world’s largest online destination for finding and managing family care, today announced that it has appointed Chet Kapoor to its Board of Directors.
In making the announcement, Sheila Lirio Marcelo, Founder, Chairwoman and CEO of Care.com said, “We’re delighted to welcome Chet to our Board and know that his understanding of consumer technology companies will be of great value as we continue to innovate and grow our businesses across platforms.”
Mr. Kapoor said, “Care.com’s mission to provide a multi-faceted platform enabling families to find caregivers could not be more relevant. The company provides innovative solutions and has made steady progress since its initial public offering. I look forward to working with the management team and the Board to drive shareholder value.”
Mr. Kapoor is Portfolio Manager and Managing Partner of Tenzing Global Management (Tenzing Global), which he co-founded in 2011. The firm is a value-oriented, cautiously contrarian, long-term investment firm based in San Francisco, and focuses on investments in the technology and consumer sectors. Prior to founding Tenzing Global, Mr. Kapoor was a Managing Partner and Head of Equities at Perry Capital. He holds a B.S. and a B.A. from Rice University and an M.B.A. from Stanford University, and also serves as a member of the Board of Brightcove, Inc.
About Care.com
Since launching in 2007, Care.com (NYSE:
CRCM) has been committed to solving the complex care challenges that
impact families, caregivers, employers, and care service companies.
Today, Care.com is the world’s largest online destination for finding
and managing family care, with 10.3 million families and 8.1 million
caregivers* across 16 countries, including the U.S., UK, Canada and
parts of Western Europe, and approximately 800,000 employees of
corporate clients having access to our services. Spanning child care to
senior care, pet care, housekeeping and more, Care.com provides a
sweeping array of services for families and caregivers to find, manage
and pay for care or find employment. These include: a comprehensive
suite of safety tools and resources members may use to help make more
informed hiring decisions - such as third-party background check
services, monitored messaging, and tips on hiring best practices; easy
ways for caregivers to be paid online or via mobile app; and household
payroll and tax services provided by Care.com HomePay. Care.com builds
employers customized benefits packages covering child care, back up care
and senior care consulting services through its Care@Work business, and
serves care businesses with marketing and recruiting support. To connect
families further, Care.com acquired community platforms Big Tent and
Kinsights in 2013 and 2015, respectively. Headquartered in Waltham,
Massachusetts, Care.com has offices in Berlin, Austin, New York City and
the San Francisco Bay area.
*As of December 2015
View source version on businesswire.com: http://www.businesswire.com/news/home/20160317006187/en/
Contacts:
Nancy Bushkin, 781-642-5919
Vice President, Public
Relations & Corporate Communications
nbushkin@care.com