Press Releases

Leading Insurance Broker RCM&D Deploys ProspX for Collaboration and Automation

Software Solution to Help Agency Streamline Complex, Multi-Party Sales Process

AUSTIN, Texas – January 29, 2009 – ProspX, Inc., the leader in collaboration and automation solutions for the commercial insurance industry, today announced that Riggs, Counselman Michaels & Downes (RCM&D), a Business Insurance “Top 100” company, is rolling out ProspX to simplify and improve sales collaboration and knowledge share across its organization and partner network.

“We wanted a simple solution that would allow our producers, account executives, and marketers to quickly and easily access the right people and information so that we can work smarter and more efficiently. Efficiency is critical to win and retain customer relationships,” said Rick Lobo, Vice President of RCM&D. “ProspX fit our needs perfectly, delivering a platform that marries an easy-to-use CRM solution with a world-class collaborative search engine, delivering a sales tool our team will actually use.”

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.

“We are extremely pleased to add RCM&D to our growing customer base,” said Todd Young, President and CEO of ProspX. “Our solution was specifically designed for organizations such as RCM&D and today’s announcement is further validation of our vision to enable insurance entities to grow and profit from connecting users to information, experts, and each other.”

About RCM&D

Founded in 1885 and ranked among the top insurance brokers, RCM&D provides insurance brokerage services, risk management consulting, and employee benefit solutions to companies and organizations, as well as personal insurance to both individuals and families. RCM&D employs more than 275 people and serves clients out of their offices in Baltimore and Bethesda, MD, Richmond and Virginia Beach, VA, and Harrisburg, PA. Learn more at www.rcmd.com.

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

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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