Market Overview

Monetate Appoints Shikhin Agarwal as Vice President of Products

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Shikhin to accelerate the delivery of innovative new capabilities as
demand for personalization grows

Monetate,
the worldwide leader in personalization, today announced that it has
named Shikhin
Agarwal
as Vice President of Products. As the head of product
management, he will be responsible for driving innovative new approaches
for the rapid adoption of personalization technology across channels for
the world's most trusted brands.

Shikhin's appointment comes at a time when Monetate is poised to seize a
tremendous market opportunity. Personalization has become a necessary
element of brands' customer engagement strategies, as consumers
increasingly expect individualized experiences from the brands with
which they interact. The Monetate
Intelligent Personalization Engine
addresses this need by analyzing
more than one million data points per second to help brands make more
informed decisions about how to engage with their customers on an
individual basis – whether via a product recommendation, creative
treatment, special offer, or dynamic copy. In the past three months,
Monetate has been recognized as an industry
leader
by two leading analyst firms.

"We have helped brands secure more than one billion purchases through
the influence of our personalization platform," said Stephen Collins,
CEO, Monetate. "Shikhin will ensure we can help brands drive their next
billion, with an adept eye for the products and features our clients
need as the expectations from consumers continue to grow higher. He is a
tremendous addition to our leadership team as we continue to pioneer
solutions for solving brands' biggest challenges delivering truly
personalized customer experiences."

Throughout his career, Shikhin has led international teams to advance
product innovation at early and growth-stage companies. Most recently,
he co-founded and led product strategy, go-to market and M&A for social
media analytics company Crowdbabble. He also served as an expert
reviewer of investment proposals for a premium startup investment firm
in Toronto, the Ontario Centres of Excellence, and an advisor to
financial technology startup Clik.ai and HR technology company
BizMerlin. Earlier in his career, Shikhin led product management and
product marketing teams in social media advertising tech, financial
technology and other VC-funded enterprise software companies in Silicon
Valley, New York, Washington, D.C. and Bangalore, India.

"I thrive in organizations that are focused on helping their customers
win through innovative products, which is what attracted me to
Monetate," said Shikhin. "The company was a pioneer in AI-driven, 1-to-1
personalization and its products have forever changed the way brands
engage with consumers, for the better. I look forward to pushing the
boundaries of what is possible as the Engine and market both continue to
evolve."

Shikhin has relocated from Toronto to the company's Pennsylvania office,
where he joins the executive leadership team and will report directly to
Collins. Shikhin has an engineering degree from one of the top tech
schools in India, IIT Bombay, and MBA from the University of Michigan.

About Monetate
Monetate,
the global leader in personalization software for consumer-facing
brands, enables marketers to create experiences with improved relevance
for every customer, increasing their engagement and boosting business
outcomes. Powered by artificial intelligence, the Monetate Intelligent
Personalization Engine makes it easy to test and optimize, segment and
target, recommend products, and even create true 1-to-1 omnichannel
experiences. Founded in 2008, with offices in the U.S. and Europe,
Monetate is used by leading brands around the world and influences
billions of dollars in revenue every year for QVC, Newegg, Timberland,
Carnival, The North Face, and hundreds of other market leaders. Learn
more at www.monetate.com.

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