Add-on Acquisition • Internet Software and Services

Applied Systems Acquires Artizan Internet Services

On March 31, 2011, Applied Systems acquired internet software and services company Artizan Internet Services

Acquisition Context
  • This is Applied Systems’ 1st transaction in the Internet Software and Services sector.
  • This is Applied Systems’ 1st transaction in the United States.
  • This is Applied Systems’ 1st transaction in Connecticut.

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M&A Deal Summary

Date March 31, 2011
Target Artizan Internet Services
Sector Internet Software and Services
Buyer(s) Applied Systems
Deal Type Add-on Acquisition

Target Company

Artizan Internet Services

Windsor, Connecticut, United States
Artizan Internet Services LLC is a provider of Web based and outsourced customer service solutions for the insurance industry. Artizan’s tools deliver to agents and brokers the highest levels of quality, efficiency and customer satisfaction.
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Buyer Overview 1

Buyer

Applied Systems

Chicago, Illinois, United States

Category Company
Founded 1983
Sector Internet Software and Services
DESCRIPTION

Applied Systems is a provider of cloud-based software to the P&C and benefits insurance industries. The company provides agency and brokerage management systems to customers throughout North America and Europe. Applied Systems was founded in 1983 and is based in Chicago, Illinois.


Deal Context for Buyer #
Overall 1 of 14
Sector: Internet Software and Services 1 of 6
Type: Add-on Acquisition 1 of 13
State: Connecticut 1 of 1
Country: United States 1 of 9
Year: 2011 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-05 Compu-Quote

Windsor, Ontario, Canada

Compu-Quote, Inc. is a provider in the development, delivery and maintenance of comparative rating services, business rules automation and analysis tools for the Canadian automobile and property insurance industry.

Buy -