ProspX Named Insurance Networking News 2011 VIP Company to Watch

Company Recognized for its Forward-Looking Efforts at Bridging the Gap Between Carriers, Agents, and Brokers

AUSTIN, TX – May 26, 2011 – ProspX, Inc., developer of the first on-demand search and sales collaboration solution for the commercial insurance industry, wins “Company to Watch” in a special segment of the 2011 Insurance Networking News (INN) Vanguards in Insurance Practices (VIP) program. The exclusive awards event was held at the ACORD LOMA Insurance Systems Forum in San Diego. In partnership with leading insurance industry analyst firm Celent, the VIP program is INN’s fifth annual ranking of technology solution providers to the insurance industry.

“The criteria by which INN’s VIP Company to Watch is chosen involves the adoption by the editors of a philosophy that the company’s innovation may not be in the technology itself, but in how it is applied, how quickly and efficiently it empowers users to be agile and responsive, and how great the potential impact is to the insurers’ bottom line,” said Pat Speer, Editor-in-Chief of Insurance Networking News. “In the course of deliberations and assessment of the 2011 VIP rankings, our editorial staff determined that the ProspX technology story of providing real-time collaboration within and across organizational commercial lines’ boundaries, made it worthy of this unique recognition. We congratulate ProspX which is clearly helping move technology and the industry at large in a positive direction.”

ProspX’s software-as-a-service (SaaS) platform combines enterprise search, sales collaboration, 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. With a simple keyword search, ProspX enables agents and brokers to collaborate internally within their organization and externally across their insurance partner and carrier landscape.

“We are honored to be recognized with this special award and see it as a great vote of confidence in our company,” said Todd Young, president and CEO of ProspX. “As ProspX continues to experience great momentum and growth, we remain focused on delivering a world class solution that helps our agency and carrier partners harness the best relationships, intelligence, and resources available for their clients.”

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

About Insurance Networking News

Insurance Networking News is a trusted source for information on how technology is being implemented to support insurers' strategic business objectives, providing insightful analysis of the technology innovations utilized to automate critical processes. Insurance Networking News is written to help senior insurance executives obtain mission-critical information on resolving industry challenges. To learn more, please visit www.insurancenetworking.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.

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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) 419-9970