ProspX Announces New Vice President of National Accounts

AUSTIN, TX – September 29, 2011 – ProspX, Inc., developer of the first on-demand enterprise search and sales collaboration platform for the commercial insurance industry, today named industry veteran William A. Chapdelaine the company’s new vice president of national accounts. Most recently, Chapdelaine was the chief sales officer at CNA Financial Corporation where he was responsible for driving sales strategy and execution across branch field operations as well as Specialty and Commercial business units. In his new role at ProspX, Chapdelaine will provide strategic leadership to the sales team and facilitate new business development in order to help drive company revenue, growth, and profitability.

ProspX develops the industry leading collaborative networking 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, networking, and collaboration technology to automatically connect agents, brokers, and carriers together at the initial point of a business opportunity, as well as throughout the sales cycle.

“Bill is an excellent addition to the ProspX executive team,” said Todd Young, president and CEO of ProspX. “He brings a strong record of sales success and demonstrated leadership at some of the largest insurance companies in the world, something that makes him uniquely qualified for this role and is very important to our customers and partners. We are very pleased to have Bill on board.”

Prior to CNA, Chapdelaine spent 12 years at Zurich Financial Services as vice president of sales and distribution where he led strategic and tactical execution of sales performance, business development, cross selling, and distribution management initiatives focused on global, national, regional, and wholesale broker sub-channels. During his 25 year career in the insurance industry, Chapdelaine has also held leadership positions at General Reinsurance Corporation, Aetna Life and Casualty, and the United States Fidelity & Guaranty Company.

"It is an incredible time to join ProspX as the company expands its leadership position and continues on its mission to transform the often manual and inefficient sales and renewal process that exists in the commercial insurance industry today," said Chapdelaine. "I am happy to join such an exciting organization and look forward to helping ProspX deliver solutions for customers across this important industry."

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