Applied Systems News

Applied Systems Acquired by Hellman & Friedman from Bain Capital for $1.8B

Applied Systems Inc., a leading insurance software provider, said it has agreed to be acquired by investment funds advised by private equity firm Hellman & Friedman LLC. The company is being acquired from the global private investment firm Bain Capital …

Flanigan Named CEO of ASCnet

Barbara Flanigan, a 30-year insurance industry veteran, has been named CEO of Applied Systems Client Network (ASCnet), the user group of Applied Systems technology. Flanigan joins ASCnet from Gallagher Bassett Services, where she was vice president-carrier practice. Prior to that, …

Want to Make More Money in the Insurance Business? Specialize.

Insurance producers who specialize in an industry or insurance product line make more money than those who don’t. Likewise, agencies that encourage their producers to specialize bring in more revenue than those agencies that are content with generalization. That’s according …

Applied Systems Acquires IVANS P/C Business

Insurance software vendor Applied Systems said it has completed its acquisition of the property/casualty business of IVANS, which has been providing products for insurance data exchange and integration between insurance carriers and agencies for more than 30 years. The IVANS …

Applied Systems Names Purdy Sr. VP, General Mgr. for Canadian Operations

Insurance software company Applied Systems announced that Jeffrey D. Purdy has been appointed senior vice president and general manager of Applied Systems Canada. He is an Ontario native and a Canadian insurance industry veteran. Purdy will be responsible for Applied …

Applied Systems Acquires Canada’s Compu-Quote

Insurance software firm Applied Systems Inc. has acquired Compu-Quote Inc., a Canadian comparative insurance rating company. “The acquisition of Compu-Quote establishes Applied Systems as the leading provider of software to the Canadian insurance market,” said Reid French, CEO, Applied Systems, …

Applied Systems to Open Canada Data Center

Insurance software company Applied Systems announced plans to open a Canadian data center in the third quarter of 2012, in order to provide “additional data storage for the growing number of insurance brokers who choose online broker management systems and …

Applied Systems to Release Epic 6 Agency Program in April

Insurance software company Applied Systems will unveil the latest release of its browser-based agency management software Epic on April 27. Applied Systems said Epic 6 provides for more streamlined agent-carrier communications, particularly for commercial middle-market business. The new efficiencies are …

High Hopes for High Tech: Interview with New Applied Systems CEO

Insurance agencies are under pressure to quickly adopt new technologies in order to keep up with competitors, according to a newcomer to the insurance industry who is now positioned to help agencies do just that. Reid French, the new CEO …

Applied Systems Names Corporate Development Executive

Ryan Hobbs has joined the executive team at insurance software company Applied Systems in University Park, Illinois, as senior vice president of corporate development. Hobbs will be responsible for business strategy and merger and acquisition initiatives at Applied Systems, a …