Tuesday, January 22, 2013

ProspX Claims Growth in 2012

Austin-based software-as-a-service developer Prospx said today it saw a record adoption rate in 2012 for its software for the commercial insurance industry. The company said it saw a 925 percent increase in carrier and broker users of its service. Actual financial details and how that translates into revenues was not announced by the company. The firm said it now has over 11,000 commercial insurance professionals using its platform. ProspX is backed by Adams Capital Management and HPI Real Estate Services Investments; the firm has been announcing regular pronouncements on growth for a number of years, but has yet to release any actual financials behind those announcements.