The Latest in IT Security

Hellman & Friedman to buy Applied Systems for $1.8 billion


(Reuters) – Private equity firm Hellman & Friedman has struck a deal to buy insurance software provider Applied Systems from Bain Capital for $1.8 billion, HF said on Tuesday. JMI Equity, a private equity firm focused on building software and technology-enabled services businesses, will be investing alongside HF, it said, without giving details. Under the terms of the agreement, members of Applied Systems’ senior management will maintain a significant ownership position in the company, HF said. Applied Systems, founded in 1983, sells its software to insurance agencies and brokerages.

Comments are closed.


MONDAY, JULY 06, 2020

Mission-Critical Broadband – Why Governments Should Partner with Commercial Operators:
Many governments embrace mobile network operator (MNO) networks as ...

ARA at Scale: How to Choose a Solution That Grows With Your Needs:
Application release automation (ARA) tools enable best practices in...

The Multi-Model Database:
Part of the “new normal” where data and cloud applications are ...



Latest Comments