Press Releases

ProspX Helps R&R Insurance Services Increase Competitive Advantage and Profitability

Agency to Leverage On-Demand Enterprise Search and Social Networking Capabilities to Connect Insurance Sales Expertise Across its Network

AUSTIN, Texas – February 16, 2010 – ProspX, Inc., developer of the only on-demand enterprise search and sales collaboration solution for the commercial insurance industry, today announced that R&R Insurance Services, Inc., one of the Midwest’s largest independently-owned insurance agencies, has selected ProspX to help it differentiate itself and boost revenue. Users at R&R’s five office locations will be able to find, connect to, and collaborate with the relevant internal resources and external carrier partners as they work on new or renewal business opportunities.

"We are excited to invest in an essential tool that will allow R&R Insurance to align the talents of our producers, account managers, and marketers to provide the real-time expertise needed to stay competitive in this industry,” said Mike Harrison, executive vice president of R&R Insurance Services, Inc. “Utilizing Prospx to connect our offices across Wisconsin, we can enhance our product offering to best fit our clients’ needs, increasing their bottom lines, and creating a long lasting relationship.”

As a $500 billion per year market, the highly competitive commercial insurance industry provides services for hundreds of thousands of customers worldwide. To improve the flow of business, ProspX has developed a Software-as-a-Service (SaaS) solution that combines enterprise social networking, search, and CRM technology. The result is a comprehensive solution that automatically connects commercial insurance agents, brokers, and carriers at the initial point of opportunity, as well as throughout the sales cycle.

“It’s our mission to help organizations like R&R Insurance tackle the challenges of a complex commercial insurance industry and turn those challenges into a strategic competitive advantage,” said Todd Young, president and CEO of ProspX. “Connecting and collaborating across its organization will allow R&R to capitalize on its strengths, increase sales, and further optimize its existing client relationships.”

R&R will also participate in Assurex Global’s XpertConnect™ initiative, which uses the ProspX platform to connect a vast network of broker, agency, and carrier partners.

For more information about ProspX solutions for the commercial insurance industry, please visit www.prospx.com.

About R&R Insurance Services

R&R Insurance Services has served the insurance needs of southeastern Wisconsin since 1976. Today, R&R is one of the Midwest’s leading independent insurance brokers and a Partner of Assurex Global, which is comprised of over 130 independent brokerage firms around the globe. R&R Insurance Services has more than 170 employees in five locations throughout SE Wisconsin. R&R Insurance continues to provide unmatched service and superior knowledge in offering comprehensive insurance protection, employee benefit plans, risk management, and financial planning to Wisconsin’s leading industries and citizens. For more information, please visit www.myknowledgebroker.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:

Jill Ford
jill.ford@prospx.com
(512) 657-8915