FOSTER CITY, Calif., Sept. 17,
2020 /PRNewswire/ -- QuinStreet, Inc. (Nasdaq: QNST), a
leader in performance marketplace products and technologies, and
NerdWallet, a website and app that provides financial guidance to
more than 160 million consumers every year, announce today
that NerdWallet has selected QuinStreet to exclusively power its
auto insurance marketplace, leveraging QuinStreet's best-in-class
consumer shopping and matching solutions.
QuinStreet is the leader in digital auto insurance shopping,
with more than 10 years of experience matching and connecting
auto insurance shoppers with insurance carriers and agents. The
company provides access to over 65 national, regional and specialty
insurance carriers and a network of approximately 6,000 insurance
agents, providing broad choice and options to online insurance
shoppers. QuinStreet has expanded its presence in the auto
insurance marketplace five-fold over the past six years, now
connecting close to 30 million consumers annually to insurance
carriers and agents.
Auto insurance is complicated and can be expensive, with car
insurance coverage and premiums often varying significantly for a
given driver across the insurance industry. Insurance carriers
specialize in various consumer segments of the marketplace, setting
coverage and rates based on their unique risk assessments of a
driver's location, age, vehicle make and model, accident and
citation history, types and amounts of desired coverage, credit
history (where allowed) and more.
Shopping for car insurance and identifying the best coverage and
pricing can thus be daunting and costly for drivers. Consumers must
determine which protections they want to purchase, what coverage
levels are mandated by their state and whether or not they should
obtain protection above the minimum required levels. And consumers
must figure out which insurance carrier best meets their needs and
requirements, with pricing that is right for their individual
circumstances.
NerdWallet and QuinStreet collaborated for two years to simplify
and enhance the insurance shopping process for NerdWallet
consumers. They initially launched a comprehensive shopping
experience for NerdWallet community members, with all major auto
insurance carriers participating. The companies expanded and
customized the experience for the NerdWallet audience to provide a
tailored shopping experience for NerdWallet visitors. QuinStreet's
solutions have been instrumental in helping NerdWallet expand its
auto insurance business.
QuinStreet and NerdWallet are now further building on their past
success and deepening their relationship. The companies are working
together to further integrate QuinStreet consumer segmentation and
matching capabilities with NerdWallet expertise in user experience
and engagement. They are also working on more customization for
consumers, working directly with insurance carriers and insurance
agents in the QuinStreet client network. The objective is to enable
NerdWallet to deliver a truly unique solution that is optimized for
its community members.
"QuinStreet's proven ability to facilitate NerdWallet's
collaboration with large insurance carriers and help developing a
customized shopping solution for our audience has been invaluable,"
explains Dave Goldberg, NerdWallet's
insurance category manager. "It is clear that QuinStreet's auto
insurance platform is robust, delivers excellent consumer
engagement and generates strong revenue. By formally harnessing
QuinStreet's solutions, we expect to bring the best possible
shopping experience to our visitors and materially increase this
important segment of our business."
"NerdWallet's 'consumer first' approach aligns perfectly with
QuinStreet's mission," notes Brett
Moses, QuinStreet's senior vice president, publisher media.
"We will continue to invest in strategic alliances with companies
like NerdWallet that provide free content, tools and guidance to
help consumers make better financial decisions."
With more than 800 media partners, QuinStreet's network operates
in all digital environments, from apps, to mobile to desktop. To
learn more about integrating QuinStreet technology, complete a
Contact Us form here: https://www.quinstreet.com/our-products/
About QuinStreet, Inc.
QuinStreet, Inc. (Nasdaq: QNST)
is a pioneer in delivering online marketplace solutions to match
searchers with brands in digital media. QuinStreet is committed to
providing consumers and businesses with the information and tools
they need to research, find and select the products and brands that
meet their needs.
About NerdWallet
NerdWallet is on a mission to provide
clarity for all of life's financial decisions. As a personal
finance website and app, NerdWallet provides consumers with
personalized, unbiased and actionable insights so they can make
smart money moves. From finding the best credit card to buying a
house to investing their next dollar, NerdWallet is there to help
consumers make financial decisions with confidence. Consumers have
free access to our expert content and comparison shopping
marketplaces, plus a data-driven membership experience, which helps
them stay on top of their finances and save time and money, giving
them the freedom to do more. For more information, visit
NerdWallet.com.
"NerdWallet" is a trademark of NerdWallet Inc. All rights
reserved. Other names and trademarks used herein may be trademarks
of their respective owners.
Legal Notice Regarding Forward Looking Statements
This press release and its attachments contain forward-looking
statements within the meaning of Section 21E of the Securities
Exchange Act of 1934 that involve risks and uncertainties. Words
such as "estimate", "will", "believe", "expect", "intend",
"outlook", "potential", "promises" and similar expressions are
intended to identify forward-looking statements. These
forward-looking statements include the statements in quotations
from management in this press release, as well as any statements
regarding the Company's anticipated financial results, growth and
strategic and operational plans. The Company's actual results may
differ materially from those anticipated in these forward-looking
statements. Factors that may contribute to such differences
include, but are not limited to: the impact from risks and
uncertainties relating to the COVID-19 pandemic; the impact of
changes in industry standards and government regulation including,
but not limited to investigation or enforcement activities of the
Federal Trade Commission and other regulatory agencies; the
Company's ability to maintain and increase client marketing spend;
the Company's ability to maintain and increase the number of
visitors to its websites and to convert those visitors and those to
its third-party publishers' websites into client prospects in a
cost-effective manner; the impact of the current economic climate
on the Company's business; the Company's ability to access and
monetize Internet users on mobile devices; the Company's ability to
attract and retain qualified executives and employees; the
Company's ability to compete effectively against others in the
online marketing and media industry both for client budget and
access to third-party media; the Company's ability to identify and
manage acquisitions; and the impact and costs of any alleged
failure by the Company to comply with government regulations and
industry standards. More information about potential factors that
could affect the Company's business and financial results are
contained in the Company's annual report on Form 10-K and quarterly
reports on Form 10-Q as filed with the Securities and Exchange
Commission ("SEC"), including the Company's annual report on Form
10-K for the fiscal year ended June 30,
2020 filed with the SEC on August 28,
2020. The Company does not intend and undertakes no duty to
release publicly any updates or revisions to any forward-looking
statements contained herein.
Media Contact
SSPR for QuinStreet
Alise Murawski
(847) 528 2882
QuinStreet@sspr.com
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SOURCE QuinStreet, Inc.