ProspX Finds New Funding, CEO

Austin-based ProspX, which develops software for managing the commercial insurance process, said today that it has closed additional funding, and named a new CEO. Details on the funding were not announced. ProspX said the new funds will go towards growth and expansion. As part of the funding, the company said it has named Steve Gold as President and CEO of the company. Co-founder and former president and CEO Todd L. Young becomes Executive Vice President. Gold was previously head of sales and marketing for AIG. Source of the new funding was not announced by the company. More information »