ProspX Expands Real-Time Communication and Collaboration Platform to Assurex Global Partners in Europe, the Middle East, and Africa - ProspX

Companies Builds on Strong Partnership to Simplify Collaboration Between International Brokers, Agents, and Carriers

Austin, TX – March 15, 2011 – ProspX, Inc., developer of the first on-demand search and sales collaboration solution for the commercial insurance industry will extend the ProspX platform to Europe, the Middle East, and Africa (EMEA)with its relationship with Assurex Global. Via the Assurex Global XpertConnect initiative, ProspX enables Assurex Global Partners to connect and collaborate internally within the partner network and externally across the insurance carrier landscape. The Assurex Global XpertConnect system now extends to over 108 international Assurex Global offices located throughout four regions: North America, EMEA, Latin America and Asia Pacific. This expansion makes it even easier for the EMEA Region Assurex Global Partners to search, find, and leverage the best information and expertise for every new and renewal business opportunity.

ProspX develops the industry leading solution for managing the complex, multi-party sales process of the $500 billion commercial insurance industry. The Software-as-a-Service (SaaS) platform combines enterprise search and business networking technology to automatically connect commercial insurance agents, brokers, and carriers at the initial point of a business opportunity, as well as throughout the sales cycle.

“Building on our strong partnership and success, we are excited about ProspX expanding to the EMEA region with the Assurex Global XpertConnect capabilities,” said Jim Hackbarth, president and CEO of Assurex Global. “This move demonstrates our on-going commitment to helping our Partners harness our collective knowledge, areas of expertise, and that of our carrier partners for the ultimate benefit of their clients – no matter where they are in the world.”

Current ProspX customers and participants in Assurex Global’s XpertConnect initiative represent some of the largest insurance organizations in the United States including Seitlin, RCM&D, Brower Insurance, INSURICA, Bolton & Company, Cragin & Pike, Lipscomb & Pitts, Fox/Everett, HDH Group, DiBuduo & DeFendis, and Neace Lukens to name a few.

“For the first time, we have automated access to the global expertise available to us through Assurex Global and the XpertConnect system,” said Stefan Nill, managing director at Leue & Nill, an Assurex Global Partner, board member and chair-elect located in Germany. “Through this unique platform, we are able to connect in real-time and exchange expert knowledge and information, making it even easier for us to continue our tradition of delivering comprehensive, tailored plans for our international clients.”

“As our Assurex Global partners continue to collaborate with each other on multinational business, ProspX provides great value as it allows us to communicate with each other and our multi-jurisdictional carrier partners in a manner that benefits our mutual clients,” said Thomas Cornish, chairman of Assurex Global and president and CEO of Seitlin Insurance and Advisory Services.

“Our mission is to continue to partner with commercial insurance brokers and carriers to streamline communication in this very complex and competitive industry,” said Todd Young, president and CEO of ProspX. “We are proud to be Assurex Global’s technology platform of choice when it comes to simplifying collaboration and networking within and across its worldwide organizational boundaries.”

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

About Assurex Global

Founded in 1954 and headquartered in Columbus, Ohio, Assurex Global combines the experience and expertise of 20,000 professionals in every major city on six continents. Over 110 independently owned broker Partners comprise the world’s largest privately held risk management, commercial insurance and employee benefits brokerage group, placing annual premiums of $29 billion. Assurex Global Partners are selected by capability, integrity, growth potential, quality and breadth of services. For a complete list of Assurex Global Partners or for more information, visit www.assurexglobal.com.

About ProspX

ProspX, Inc. develops the industry leading social business platform for managing the complex, multi-party sales process of the $500 billion commercial insurance industry. Built for the commercial insurance industry by insurance professionals, the ProspX platform gives brokers quick and easy access to the critical information and resources relevant to the new and renewal business they are working on, while allowing carriers the ability to elevate their message for increased visibility at the initial point of an opportunity. For more information, please visit us at www.prospx.com, follow us on Twitter at www.twitter.com/prospx and like us on Facebook at www.facebook.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:

Jill Ford
jill.ford@prospx.com
(512) 419-9970