Tech Exec Barak Eilam Joins CCC's Board

By Hao Liu • Tuesday, July 15 10:21 • Permanent Link

CCC Intelligent Solutions Holdings Inc. (CCC), a leading cloud platform provider for the insurance and automotive industries, has appointed Barak Eilam to its board of directors. Eilam, a seasoned technology executive and former CEO of NICE Ltd., brings over two decades of experience in enterprise software, artificial intelligence (AI), and customer-engagement technologies.

During Eilam's tenure as CEO of NICE, the company achieved impressive growth, with nearly a threefold increase in revenue and a sevenfold rise in market capitalization. This aligns with CCC's strategic focus on scaling growth from its investments in AI, the CCC IX Cloud™, and its connected ecosystem.

The addition of Eilam to CCC's board reflects the company's commitment to maintaining experienced and forward-thinking leaders to support its vision for growth and market expansion. This appointment comes as CCC continues its mission to drive meaningful impact across the broader insurance and automotive industries.

In addition to Eilam's appointment, CCC expressed gratitude to Chris Egan, who stepped down from the board in March. Egan had been part of the board since 2017 as part of Advent International, L.P.'s investment in CCC.

CCC Intelligent Solutions Holdings Inc. (NASDAQ: CCCS) is focused on creating intelligent experiences for insurers, repairers, automakers, part suppliers, and more. The company's CCC Intelligent Experience (IX) Cloud™ platform, powered by AI and an event-based architecture, connects over 35,000 businesses to deliver customized applications and platforms for optimal outcomes and personalized experiences. CCC's technologies aim to empower the industry to keep lives moving forward when it matters most. The market has reacted to these announcements by moving the company's shares 0.73% to a price of $9.61. For more information, read the company's full 8-K submission here.

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