Industry Veteran Jim Hackbarth Joins ProspX Board Of Directors

Company Further Strengthens its Leadership Position with the Addition of Assurex Global President and CEO

AUSTIN, TX December 8, 2011 ProspX, Inc., developer of the first on-demand enterprise search and sales collaboration solution for the commercial insurance industry, today announced that Jim Hackbarth has joined the ProspX Board of Directors. Hackbarth has more than 25 years experience across a spectrum of companies and industries.

Hackbarth is president and CEO of Assurex Global, the world's premier network of independent insurance, risk management and benefits brokers. He has previously held senior management positions with IBM, Price Waterhouse, Policy Management Systems and Agency Management Systems (AMS). Prior to joining Assurex Global in 2003, Jim was founder and CEO of Cornerstone Partners, Inc., a Columbus, Ohio-based high-tech consulting firm.

"ProspX is one of the most innovative companies in our industry, tackling some of our greatest challenges," said Hackbarth. "I feel privileged to be joining this exciting and dynamic team as they continue to build world class solutions that help brokers and carriers easily harness the best relationships, intelligence, and resources available for the benefit of their clients."

"We are very pleased to have a person of Jim's caliber join ProspX's Board of Directors," said Todd Young, president and CEO of ProspX. "Jim's deep understanding of the commercial insurance and technology industries will be a valuable asset as we continue to strengthen ProspX's position as the leading provider of sales collaboration and business intelligence solutions for the commercial insurance industry."

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 social 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.

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