ProspX Named 2012 Entrepreneurial Insurance Awards Winner

AUSTIN, Texas – September 26, 2012 – ProspX, Inc., developer of the first social business platform for the commercial insurance industry, was announced as a winner of the 2012 Entrepreneurial Insurance Awards. ProspX was chosen from more than 100 entries to compete in a “shark tank” presentation at MarketScout's Entrepreneurial Insurance Symposium in Dallas earlier this month. Each finalist gave a brief presentation and fielded rapid-fire questions from a panel of industry experts, including representatives of previous winners.

“We have developed a unique event where insurers, intermediaries and technologists converge to share innovative ideas which will make our industry better,” said Richard Kerr, CEO of Dallas-based electronic insurance exchange MarketScout. “Finally the insurance industry has a common platform for showcasing and launching new concepts, ideas and innovations.” Judges included members from the Entrepreneurial Insurance Alliance (EIA), which was founded by MarketScout in 2010. In addition to the panel of judges, the finalists presented to the 400 attendees at the symposium enabling a blending of judges' scorecards and popular vote from the attendees.

ProspX was selected as a winner for its InsiderConnect™ technology, a powerful solution for strengthening client relationships, showcasing expertise, and demonstrating value. InsiderConnect delivers custom insurance industry, line-of-business and carrier specific business intelligence to brokers based on their specific areas of expertise. They can then easily share the relevant content within and across their business network in order to build and strengthen their professional brand image. Additionally, carriers are able to target their message and content to a specific broker at the point of opportunity, leading to increased visibility, improved collaboration and more quality submissions.

“We are honored to be a winner,” said Todd Young, president and CEO of ProspX. “This award is a timely acknowledgement of our momentum as a market leader and our team’s dedication to developing world class solutions for our clients.”

For more information about ProspX, 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