AUSTIN, Texas--ProspX, Inc., developer of the first on-demand sales collaboration and automation solution for the commercial insurance industry, today announced that Lipscomb & Pitts Insurance, LLC., the largest privately held insurance agency in the Mid-South of the United States, has selected the ProspX platform to connect expertise within and across the company’s vast broker, partner, and carrier network to boost its competitive edge and better serve its clients.

“ProspX understands the complexities of today’s commercial insurance sales process and has created a platform designed specifically to address that challenge,” said Mathew Lipscomb, Chief Manager of Lipscomb & Pitts. “With ProspX, we now have the unique ability to quickly and easily connect to information, expertise, and each other as we continue to build programs tailored specifically to each of our client’s needs.”

As a $500 billion per year market, the competitive, complex commercial insurance industry provides services for hundreds of thousands of customers worldwide. To improve the flow of business, ProspX has developed a Software-as-a-Service (SaaS) solution that combines enterprise social networking, search, and CRM technology. The result is a comprehensive solution that automatically connects commercial insurance agents, brokers, and carriers at the initial point of opportunity, as well as throughout the sales cycle.

“We’re excited that Lipscomb & Pitts has chosen the ProspX platform as a means to differentiate and showcase value to its clients,” said Todd Young, President and CEO of ProspX. “We continue our commitment to providing customers with a simple, yet powerful, solution for searching, finding, and connecting to relevant information and resources that will help positively impact their bottom line.”

Lipscomb & Pitts will also participate in Assurex Global’s XpertConnect™ initiative which uses the ProspX platform to connect its worldwide network of broker, agency, and carrier partners to streamline communication and productivity.

For more information on the ProspX solution for the commercial insurance industry, visit www.prospx.com.

About Lipscomb & Pitts Insurance, LLC.

Since 1954, Lipscomb & Pitts Insurance has grown from a small two-man office into the largest privately held insurance agency in the Mid-South area of the United States, delivering comprehensive risk management and risk financing at the lowest possible cost. Named as one of the Top 100 Independent Agencies in 2008, Lipscomb & Pitts is headquartered in Memphis. Representing over 150 insurance companies, Lipscomb & Pitts ensures every consumer’s insurance need be fulfilled including commercial, personal, life and health, and employee benefits insurance. You can learn more about Lipscomb & Pitts at www.lpinsurance.com.

About ProspX, Inc.

Built for the insurance industry by insurance professionals, ProspX, Inc., headquartered in Austin, Texas, develops on-demand sales collaboration and automation solutions that improve productivity and streamline communications between agencies, brokers, and carriers. Combining the best of enterprise social networking, search, and simple CRM technology, 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 about ProspX please visit www.prospx.com and follow us on Twitter at www.twitter.com/prospx.