ProspX Appoints Commercial Insurance Veteran to Vice President of Sales
Matt Coleman to Oversee Sales and Business Development Activities for Carrier and Agent/Broker Channels
AUSTIN, Texas – January 12, 2009 – ProspX, Inc., a developer of leading collaboration and automation applications for the commercial insurance industry, today announced that industry veteran Matt Coleman will join the company as Vice President of Sales. Coleman will continue to build customer momentum for ProspX and its unique multi-party collaboration and automation systems designed to streamline processes for the commercial insurance industry.
Coleman brings more than 20 years of insurance industry leadership to ProspX, including serving as President of Van Gilder Insurance Corporation, a Business Insurance “Top 100” broker, for eight years prior to operating his own risk management consulting firm. His executive experience has also included service on the Board of Directors for Assurex Global™, the Colorado Association of Commerce & Industry, and Centura Health.
“There are tremendous opportunities for our technology in the commercial insurance sector,” said Todd Young, President and CEO of ProspX. “With Matt’s wealth of knowledge and extensive experience in the business, we’re now fully equipped to execute on our vision of enabling insurance entities to grow and profit from the opportunities automation can provide to this expanding market.”
As a $500 billion a year market, the commercial insurance industry provides services for hundreds of thousands of customers worldwide. To improve the flow of business for these customers, ProspX has developed a collaborative online Software-as-a-Service (SaaS) application platform designed to help commercial insurance agents, brokers and carriers accelerate the selling process.
“It is an incredible time to join ProspX as the company expands its leadership and revolutionizes how the commercial insurance industry does business,” said Matt Coleman. “I'm happy to join such a strong organization, and look forward to helping ProspX deliver solutions for customers across this important industry.”
About ProspX, Inc.
Built for the commercial insurance industry by insurance professionals, ProspX, Inc., headquartered in Austin, Texas, develops on-demand sales collaboration platform that improves productivity and streamlines communications between agencies, brokers, and carriers. Combining the best of enterprise search, social networking and sales collaboration technology, ProspX gives brokers quick and easy access to the critical internal resources available for new and renewal business, while allowing carriers the ability to elevate their message for increased visibility at the initial point of opportunity. For more information please visitwww.prospx.com and follow ProspX on www.twitter.com/prospx.
###
ProspX is a trademark of ProspX, Inc. All other company and product names mentioned are used only for identification and may be trademarks or registered trademarks of their respective companies.
Media Contact:
Heidi Johnson
For ProspX
heidi.johnson@virtualprdirector.com
(512) 493-0909
