M&A Deal Summary

Applied Systems Acquires Artizan Internet Services

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

Acquisition Highlights
  • 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.

M&A Deal Summary
Date 2011-03-31
Target Artizan Internet Services
Sector Internet Software and Services
Buyer(s) Applied Systems
Deal Type Add-on Acquisition

Target

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(S) 1

Buyer

Applied Systems

University Park, Illinois, United States
Category Company
Founded 1983
Sector Internet Software and Services
DESCRIPTION

Applied Systems is a provider of cloud-based software that powers the business of insurance. The Company develops software for independent insurance agents, brokers, managing general agents, and insurance companies, as well as banks and other financial institutions with insurance operations. Applied Systems was founded in 1983 and is based in University Park, Illinois.

DEAL STATS #
Overall 1 of 13
Sector (Internet Software and Services) 1 of 6
Type (Add-on Acquisition) 1 of 12
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.

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