NEW YORK, Aug. 15, 2019 /PRNewswire/ -- Engine
Capital, L.P. (together with its affiliates, "Engine"), a sizeable
shareholder of Care.com, Inc. (the "Company") (NYSE:CRCM), today
issued an open letter to the Company's Board of Directors (the
"Board") encouraging the Board to initiate a parallel process to
explore strategic alternatives while searching for a new Chief
Executive Officer and implementing various value enhancing
initiatives identified by Engine.
The full text of Engine's letter to the Board can be viewed at
the following link:
www.enginecap.com/care
About Engine Capital
Engine Capital is a value-oriented special situations fund that
invests both actively and passively in companies undergoing
change.
Investor contact:
Engine Capital, L.P.
Arnaud Ajdler
(212) 321-0048
aajdler@enginecap.com
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SOURCE Engine Capital, L.P.