CCC Intelligent Solutions Appoints Tech Leader Barak Eilam to Board of Directors

CCC Intelligent Solutions Holdings has appointed Barak Eilam to its Board of Directors, bringing over two decades of experience in enterprise software, AI, and customer-engagement technologies. Eilam previously served as CEO of NICE Ltd. and will support CCC's mission to drive growth and impact across the insurance and automotive industries. The addition reflects CCC's commitment to maintaining a Board with experienced and forward-thinking leaders.

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 brings over two decades of experience in enterprise software, artificial intelligence (AI), and customer-engagement technologies. His appointment reflects CCC's commitment to maintaining a Board with experienced and forward-thinking leaders to support its vision for growth and market expansion.

Prior to joining CCC, Eilam served as the CEO of NICE Ltd., where he led the company to become an undisputed leader in AI-powered customer experiences. Under his tenure, NICE served more than 25,000 organizations in over 150 countries, achieving nearly a threefold increase in revenue and a sevenfold rise in market capitalization. Eilam's expertise in scaling and driving customer-centric innovation will be a significant asset to CCC as it continues to scale its growth from strategic investments in AI and its connected ecosystem.

“We are excited to welcome Barak to our Board as an independent director,” said Githesh Ramamurthy, Chairman and CEO of CCC. “His experience scaling and driving customer-centric innovation will be a terrific addition to our ability to serve clients and help fuel our next phase of growth.”

Eilam commented, “It’s an honor to join CCC’s Board at such a dynamic time. CCC’s laser focus on delivering value to its customers—reflected in its high customer satisfaction and retention—is truly impressive. I’m excited to support the company’s mission to drive meaningful impact across the broader insurance and automotive industries.”

The addition of Mr. Eilam to the Board comes as CCC continues to expand its offerings and maintain a strong market presence. The company's cloud-based SaaS platform connects trading partners, facilitates commerce, and supports mission-critical, AI-enabled digital workflow across the insurance economy, including insurers, repairers, automakers, parts suppliers, lenders, and others. CCC's platform, powered by proven AI and an innovative event-based architecture, connects more than 35,000 businesses to power customized applications and platforms for optimal outcomes and personalized experiences.

The appointment of Eilam is also notable given the strong analyst consensus for CCCS stock. According to 7 analysts, the average rating for CCCS stock is "Buy," with a 12-month stock price target of $12.14, representing a 26.20% increase from the latest price [2].

About CCC Intelligent Solutions Holdings Inc.
CCC Intelligent Solutions Inc. (CCC), a subsidiary of CCC Intelligent Solutions Holdings Inc. (NASDAQ: CCCS), is a leading cloud platform provider for the multi-trillion-dollar P&C insurance economy. The company's cloud-based SaaS platform creates intelligent experiences for insurers, repairers, automakers, part suppliers, and more. Learn more about CCC at www.cccis.com [1].

References:
[1] https://www.stocktitan.net/news/CCCS/ccc-appoints-tech-leader-barak-eilam-to-board-of-d02jxl0g08y0.html
[2] https://stockanalysis.com/stocks/cccs/