ProspX Names Former AIG Executive Steve Gold as Chief Executive Officer

  ProspX Names Former AIG Executive Steve Gold as Chief Executive Officer

       Company Closes Additional Financing to Fund Growth and Expansion

Business Wire

AUSTIN, Texas -- May 14, 2013

ProspX, Inc. today named Steve Gold as president and  chief executive officer,
bringing to the company more than  27 years of executive management experience
in commercial insurance as ProspX continues to grow and scale. Co-founder and
former president and CEO Todd L. Young will become ProspX’s executive vice
president responsible for sales, marketing, and business development.

Steve Gold, President and CEO, ProspX (Photo: Business Wire)

Steve Gold, President and CEO, ProspX (Photo: Business Wire)

Gold is a proven commercial insurance leader with a strong record of
establishing operational excellence and driving shareholder value. As head of
commercial sales and marketing for AIG, he directed growth strategies and
business planning with major retail brokers across the United States and
Canada. He was instrumental in pioneering sales automation technologies to
enhance carrier and broker relationships, increasing the visibility of AIG’s
specialty lines and globally expanding the company’s major accounts practice.
Prior to heading up commercial sales and marketing, Gold was the president and
chief executive officer of Accident & Health, the accident and supplemental
health market leader.

“ProspX is one of the most exciting and disruptive technology companies in our
industry, and I am honored to be joining such an innovative team,” said Gold.
“As a customer, I experienced firsthand the positive impact that ProspX has on
sales, marketing, and commercial insurance distribution overall. As CEO, I now
look forward to helping spread the adoption of its solution across the
industry.”

After strong momentum in the first quarter, the company finalized an
additional financing round in April. The investment will help fund ongoing
sales and marketing strategies focused on accelerating the ProspX broker and
carrier network. The network currently exceeds 11,000 commercial insurance
professionals from the top 260 brokers, agencies, and commercial carriers
worldwide.

“Steve is the perfect candidate to lead ProspX into its next phase of growth,”
said Young. “He brings a well-established track record along with a passion
for helping to grow great companies, and we look forward to exciting times as
we continue to grow our broker and carrier customer base under his
leadership.”

ProspX is a powerful yet simple-to-use solution for establishing and
strengthening client relationships, reinforcing expertise, and demonstrating
brand value. ProspX’s social business platform delivers custom insurance
industry, line of business, and carrier specific content and business
intelligence to brokers based on their areas of expertise and interest. They
can then easily share this relevant content within and across their business
network. 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.

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
pros, 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 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.

Photos/Multimedia Gallery Available:
http://www.businesswire.com/multimedia/home/20130514005541/en/

Multimedia
Available:http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50631379&lang=en

Contact:

ProspX, Inc.
Jill Ford, 512-657-8915
jill.ford@prospx.com
 
Press spacebar to pause and continue. Press esc to stop.