Leading Insurance Broker RCM&D Deploys ProspX for Collaboration and Automation

Business Editors/High-Tech Writers/Insurance Writers

AUSTIN, Texas--(BUSINESS WIRE)--January 29, 2009--ProspX, Inc., the leader in collaboration and automation solutions for the commercial insurance industry, today announced that Riggs, Counselman Michaels & Downes (RCM&D), a Business Insurance “Top 100” company, is rolling out ProspX to simplify and improve sales collaboration and knowledge share across its organization and partner network.

“We wanted a simple solution that would allow our producers, account executives, and marketers to quickly and easily access the right people and information so that we can work smarter and more efficiently. Efficiency is critical to win and retain customer relationships,” said Guy Phelan, Senior Vice President of RCM&D. “ProspX fit our needs perfectly, delivering a platform that marries an easy-to-use CRM solution with a world-class collaborative search engine, delivering a sales tool our team will actually use.”

As a $500 billion a year market, the commercial insurance industry provides services for hundreds of thousands of customers worldwide. To improve the flow of business for these customers, ProspX has developed a collaborative online Software-as-a-Service (SaaS) application platform designed to help commercial insurance agents, brokers and carriers accelerate the selling process.

“We are extremely pleased to add RCM&D to our growing customer base,” said Todd Young, President and CEO of ProspX. “Our solution was specifically designed for organizations such as RCM&D and today’s announcement is further validation of our vision to enable insurance entities to grow and profit from connecting users to information, experts, and each other.”

About RCM&D

Founded in 1885 and ranked among the top insurance brokers, RCM&D provides insurance brokerage services, risk management consulting, and employee benefit solutions to companies and organizations, as well as personal insurance to both individuals and families. RCM&D employs more than 275 people and serves clients out of their offices in Baltimore and Bethesda, MD, Richmond and Virginia Beach, VA, and Harrisburg, PA. Learn more at www.rcmd.com.

About ProspX

ProspX develops on-demand collaboration and automation solutions that improve productivity for agencies, brokers and carrier partners in the commercial insurance industry. ProspX is headquartered in Austin, Texas, and is privately held with funding from Adams Capital Management. More information on ProspX is available at www.prospx.com.

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.