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Attorneys

Connecture, Inc.

Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Connecture, Inc. (NASDAQ: CNXR) resulting from allegations that Connecture may have issued materially misleading business information to the investing public.

If you purchased shares of Connecture on or before August 8, 2016 and would like to join the action, please click "Join This Class Action" above.

Press Release

EQUITY ALERT: Rosen Law Firm Announces Investigation of Securities Claims Against Connecture, Inc. - CNXR

New York, N.Y., August 9, 2016.  Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Connecture, Inc. (NASDAQ: CNXR) resulting from allegations that Connecture may have issued materially misleading business information to the investing public.

On May 9, 2016, Connecture reiterated its full year 2016 guidance for total revenues to be in the range of $100.0 million to $110.0 million in total revenue. On August 8, 2016, Connecture lowered its full year 2016 guidance for total revenues to be in the range of $85.0 million to $88.0 million. The lowered full year 2016 guidance was due primarily to: (1) year-to-date revenue results being below Connecture’s initial expectations; (2) reduced revenue expectations in Connecture’s Private Exchange business for the remainder of the year due to slower customer adoption of its solutions than originally anticipated; (3) the impact of certain of Connecture’s Enterprise/Commercial customers transitioning from maintenance of their existing platforms to upgrades to our newest platform on 2016 revenue; and (4) the impact of Connecture’s decision to reduce its focus on the State/Medicaid opportunity On this news, shares of Connecture fell sharply during intraday trading on August 9, 2016.

Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Connecture investors. If you purchased shares of Connecture on or before August 8, 2016, please visit the firm’s website at http://www.rosenlegal.com/cases-931.html  for more information. You may also contact Phillip Kim or Kevin Chan of Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com or kchan@rosenlegal.com.

Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.

Attorney Advertising.  Prior results do not guarantee a similar outcome.

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Contact Information:

      Laurence Rosen, Esq.
      Phillip Kim, Esq.
      Kevin Chan, Esq.
      The Rosen Law Firm, P.A.
      275 Madison Avenue, 34th Floor
      New York, NY  10016
      Tel: (212) 686-1060
      Toll Free: (866) 767-3653
      Fax: (212) 202-3827
      lrosen@rosenlegal.com
      pkim@rosenlegal.com
      kchan@rosenlegal.com
      www.rosenlegal.com