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Applied Systems

appliedsystems.com

Founded Year

1980

Stage

Unattributed VC | Alive

Revenue

$0000 

Mosaic Score
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

+10 points in the past 30 days

About Applied Systems

Applied Systems provides software that powers the business of insurance. The business specializes in insurance automation software for agency and brokerage management systems that automate the exchange of information and data between agencies, brokerages, carriers, and their clients throughout the insurance life cycle, enhancing client access to information and streamlining workflows. The company was founded in 1980 and is based in University Park, Illinois.

Headquarters Location

200 Applied Parkway

University Park, Illinois, 60484,

United States

+1 708 534 5575

Applied Systems's Product Videos

ESPs containing Applied Systems

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTH ➡MARKET STRENGTH ➡LEADERHIGHFLIEROUTPERFORMERCHALLENGER
Insurance / Life Insurance Tech

Companies in this market provide the main systems of record for insurance agents/brokers’ back-office operations, including customer relationship management (CRM), policy management, and financial operations.

Applied Systems named as Leader among 7 other companies, including Zywave, Veruna, and Better Agency.

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Applied Systems's Products & Differentiators

    Applied Epic

    The agency management system delivers a single view of the customer across lines of business, roles and locations and provides essential capabilities for each stakeholder within the business to more effectively manage customer relationships, sales opportunities, market appetite search, quoting, financial accounting, reporting, and policy and benefits administration. Using open and scalable architecture, it supports acquisitions and integrations of both Applied and third-party applications to ensure productivity and profitability as the needs of the business change.

Research containing Applied Systems

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Applied Systems in 3 CB Insights research briefs, most recently on Sep 30, 2022.

Expert Collections containing Applied Systems

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Applied Systems is included in 2 Expert Collections, including Insurtech.

I

Insurtech

3,847 items

Companies and startups that use of technology to improve core and ancillary insurance operations. Companies in this collection are creating new product architectures, improving underwriting models, accelerating claims and creating a better customer experience

F

Fintech

7,746 items

US-based companies

Applied Systems Patents

Applied Systems has filed 13 patents.

The 3 most popular patent topics include:

  • Engine components
  • Engine technology
  • Ergonomics
patents chart

Application Date

Grant Date

Title

Related Topics

Status

12/6/2019

11/8/2022

Engine technology, Engine components, Toyota engines, Belt drives, Mechanical power transmission

Grant

Application Date

12/6/2019

Grant Date

11/8/2022

Title

Related Topics

Engine technology, Engine components, Toyota engines, Belt drives, Mechanical power transmission

Status

Grant

Latest Applied Systems News

Vista Equity Partners to Buy Duck Creek for $2.6B Cash

Jan 9, 2023

January 9, 2023 New You can now listen to Insurance Journal articles! Insurance software provider Duck Creek Technologies said it has entered into an agreement to be bought by Vista Equity Partners in an all-cash deal of about $2.6 billion. Pending Duck Creek stockholder and regulatory approvals, the transaction is expected to close in the second calendar quarter. Once complete, Duck Creek will become a privately held company. The agreement also includes a “go-shop” period to end February 7. “This transaction is a testament to the value of the Duck Creek platform, the success of our strategy and the strength of our incredible team. Following a deliberate and thoughtful process, the Board approved this transaction which delivers a great outcome for Duck Creek’s shareholders, providing them a certain and substantial cash value at an attractive premium,” said Michael Jackowski, Duck Creek CEO, in a statement. “Duck Creek is proud to have pioneered cloud-based mission-critical systems for the P&C insurance industry to deliver a best-in-class customer experience. We are excited to enter the next chapter for Duck Creek in partnership with Vista Equity Partners to continue supporting P&C insurance carriers’ move to the cloud.” Under the terms of the agreement, Duck Creek shareholders will receive $19.00 per share in cash, which represents a 46% premium to Duck Creek’s (NASDAQ: DCT) closing stock price on January 6, 2023, and a premium of approximately 64% over the volume weighted average price of Duck Creek’s stock for the 30 days ending January 6, 2023. “Duck Creek is playing an outsized role in accelerating cloud strategies and unlocking all the advantages they provide this crucial sector of today’s economy,” said Monti Saroya, senior managing director and co-head of Vista’s Flagship Fund. “Duck Creek’s modern cloud architecture and demonstrated market traction position it to define the next generation of mission-critical technology for P&C insurance.” Vista Equity exclusively invests in enterprise software, data and technology-enabled organizations. With Bain Capital, Vista Equity held ownership of insurance software maker Vertafore, paying $2.7 billion in 2016. Florida-based Roper Technologies then agreed to acquire Vertafore in an all-cash transaction valued at approximately $5.35 billion in August 2020 . The firm also bought Applied Systems , a provider of insurance software and agency management systems, in 2004. Two years later, Bain Capital acquired a majority stake in Applied Systems from Vista Equity, with long-time chief executive Jim Kellner retaining major stake in the company.

Applied Systems Frequently Asked Questions (FAQ)

  • When was Applied Systems founded?

    Applied Systems was founded in 1980.

  • Where is Applied Systems's headquarters?

    Applied Systems's headquarters is located at 200 Applied Parkway, University Park.

  • What is Applied Systems's latest funding round?

    Applied Systems's latest funding round is Unattributed VC.

  • Who are the investors of Applied Systems?

    Investors of Applied Systems include CapitalG, JMI Equity, Hellman & Friedman, Vista Equity Partners and Bain Capital.

  • Who are Applied Systems's competitors?

    Competitors of Applied Systems include CoverGo, Insly, Better Agency, AgencyBloc, Veruna and 12 more.

  • What products does Applied Systems offer?

    Applied Systems's products include Applied Epic and 4 more.

  • Who are Applied Systems's customers?

    Customers of Applied Systems include Patterson & Associates, Rand & Fowler and PTL Insurance.

Compare Applied Systems to Competitors

HawkSoft Logo
HawkSoft

HawkSoft offers management systems for agencies that want effective workflows and a delightful experience for staff and policyholders.

Better Agency Logo
Better Agency

Better Agency is an all-in-one platform that gives insurance agents a solution for marketing, prospecting, sales, and retention without the stress of learning how to build and use different systems. It was founded in 2019 and is based in Greer, Arizona.

Zywave Logo
Zywave

Zywave is a provider of software-as-a-service (SaaS) technology solutions for the employee benefits and P&C insurance distribution industry. The company's solutions include technology-enabled content and communication, agency automation, and business intelligence and analytics, designed to help insurance brokers of all sizes gain profitable market share. More than 2,700 clients, including 93 of the top 100 U.S. insurance firms, use Zywave's proven solutions to help them differentiate from the competition, enhance client services, improve efficiencies and achieve organic growth.

CoverGo Logo
CoverGo

CoverGo offers a no-code insurance solution. It offers configurable, modular, no-code enterprise software solutions for omnichannel distribution, policy admin, and claims to insurers, bancassurance, and brokers. The company was founded in 2016 and is based in Singapore.

Lya Protect Logo
Lya Protect

Lya Protect is an insurtech platform that accelerates the digital transformation of insurance brokers.

Veruna Logo
Veruna

Veruna offers agency management software and consulting services for insurance agencies.

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