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ProspX, Inc., developer of the first on-demand enterprise search and collaboration platform for the commercial insurance industry, today announced that it has been selected to the 2009 AlwaysOn Global 250 List. The AlwaysOn Global 250 Award is given to private, emerging technology companies creating new business opportunities in high-growth markets. ProspX was selected by the AlwaysOn editorial team based on demonstration of growth, market opportunity, quality of innovation, and customer traction.

“We are honored to be selected as an AlwaysOn Global 250 Winner,” said Todd Young, President and CEO of ProspX. “This prestigious award is a timely acknowledgement of our technology innovation and market leadership in the $500 billion dollar commercial insurance industry. We are committed to enabling real-time collaboration within and across organizational boundaries in order to drive best practices and improve productivity for our customers.”

ProspX and the other AlwaysOn Global 250 winners will be recognized at the AlwaysOn & STVP Summit at Stanford, taking place at Stanford University in Palo Alto, CA, on July 28-30. This two-and-a-half day executive conference, co-presented by the Stanford Technology Ventures Program, will highlight the significant economic, political, and commercial trends affecting the global technology industry.

“It’s no secret that technology and innovation are vital to bringing our country out of economic recession,” said Tony Perkins, founder and editor of AlwaysOn. “The companies on this year’s list have not only created innovative technologies that solve real business problems, but have stimulated economic growth through the generation of new jobs. I congratulate every winner selected for this year’s award and wish them all tremendous success in the future.”

The AlwaysOn Global 250 winners were selected from among hundreds of other technology companies nominated by investors, bankers, journalists, and industry insiders. The AlwaysOn editorial team conducted a rigorous three-month selection process to finalize the 2009 list.

To improve the flow of business in the complex and competitive commercial insurance industry, ProspX has developed a Software-as-a-Service (SaaS) solution that combines enterprise social networking, search engine, 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.

A full list of all the AlwaysOn Global 250 winners can be found on the AlwaysOn website at http://alwayson.goingon.com/permalink/post/32719.

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

About AlwaysOn

ALWAYSON ignited the open-media revolution in early 2003 by being the first media brand to launch a global blog network. In 2004, ALWAYSON continued to lead the media industry in innovation by introducing a social network where members can connect and engage. ALWAYSON is also revolutionizing the media business by applying its open-media principles to its executive event series (Summit at Stanford, OnMedia, OnHollywood, OnDC, GoingGreen East and West, Venture Summit East and West) and quarterly print “blogozine” by empowering its members to post and share their ideas and meet each other online. As our loyal readers know, ALWAYSON is committed to the free-market, merit-driven approach to reporting and event programming. No other media brand has dared to create such open interaction with its readers and event participants.

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.

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.

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