ProspX Named as Finalist for 2009 Greater Austin Business Awards

AUSTIN, Texas--ProspX, Inc., developer of the first on-demand sales collaboration and automation solution for the commercial insurance industry, today announced that it has been selected as a finalist for the Ninth Annual Greater Austin Business Awards in the category of innovation. The Greater Austin Business Awards recognize the achievements of local small, medium, large, and not-for-profit businesses in the categories of Innovation, Customer Service, Education, Community Relations, Take On Traffic and Environment. Finalists were selected from among hundreds of nominations.

ProspX provides a Software-as-a-Service (SaaS) platform that combines enterprise social networking, search engine, and simple CRM technology to automatically connect commercial insurance agents, brokers, and carriers at the initial point of an opportunity to shorten the sales cycle, increase win rates, and retain more business.

Winners of the Greater Austin Business Awards will be announced at a ceremony on Wednesday, August 26 at the Hilton Austin. Created in 2001, the awards ceremony has grown to over 1,000 attendees each year and has sold out the past two years. Event details as well as a full list of finalist can be found at www.austinchamber.com/awards.

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

About Austin Chamber of Commerce

The Austin Chamber of Commerce is a private, non-profit, membership-driven organization comprised of 2,500 business enterprises, civic organizations, education institutions and individuals. Its mission is to provide leadership that will help create regional economic prosperity and success for its members in Central Texas. For more information please visit www.austinchamber.com.

About ProspX

Built for the commercial insurance industry by insurance professionals, ProspX, Inc., headquartered in Austin, Texas, develops on-demand collaboration and automation solutions that improve productivity and streamline communications between agencies, brokers, and carriers. Combining the best of business networking and search engine technologies with simple CRM functionality, ProspX gives brokers quick and easy access to the critical internal resources available for new and renewal business, while allowing carriers the ability to elevate their message for increased visibility at the initial point of opportunity. For more information please visit www.prospx.com and follow ProspX on www.twitter.com/prospx.