SACRAMENTO, Calif., May 7, 2001 — InsWeb Corporation (Nasdaq: INSW) announced today that William D. Griffin has joined as Chief Financial Officer, reporting to Chief Executive Officer Hussein Enan. Mr. Griffin, 43, has more than 20 years’ experience in financial management and operations.
“Bill’s financial and managerial talents, and broad experience in the technology sector will be tremendous assets to InsWeb,” commented Mr. Enan. “He will be a terrific addition to our experienced management team.”
A certified public accountant, Mr. Griffin began his professional career with Ernst & Young in the Los Angeles area in 1979. For the next 10 years, he led a number of initiatives, including the development of the firm’s Los Angeles-area software industry practice. From Ernst & Young, Mr. Griffin joined Inference Corporation (Nasdaq: INFR), a leading provider of self-service and knowledge management tools for the customer service and help desk industries, as Senior Vice President and Chief Financial Officer. During his eight-year tenure, he managed Inference’s growth from a small, privately held company to a mature, publicly held organization with subsidiaries in four European countries. Mr. Griffin orchestrated private placements, and planned for and successfully launched Inference’s initial public offering. Ultimately managing a staff of more than 50, he was responsible for accounting, finance, treasury, human resources, management information systems and the technical support for the company.
Most recently, Mr. Griffin was Executive Vice President and co-founder of ZipSend Inc., an Internet infrastructure company whose patent-pending technology allows a physical item to be shipped using an email address as the real-world delivery address. ZipSend was sold to FrogMagic Inc. earlier this year.
Mr. Griffin earned a bachelor of arts degree in business economics from the University of California at Santa Barbara in 1979.
InsWeb (Nasdaq: INSW), the top-rated online insurance marketplace, enables Internet consumers to compare multiple, actionable quotes for auto, term life and homeowners, renters and condominium insurance. InsWeb also provides live customer service, interactive tools and independent research. Headquartered in Sacramento, Calif., InsWeb is accessible at www.insweb.com and through such leading sites as MSN, Quicken.com and Yahoo! “INSWEB” is a registered service mark of InsWeb Corporation. All marks above are those of InsWeb Corporation, except for those of insurance carriers, brokers, agents, industry organizations, financial institutions, online partners, service providers, other mentioned companies and educational institutions, which are the marks of their respective entities.