M&A Deal Summary

Applied Systems Acquires IVANS Insurance Solutions

On April 30, 2013, Applied Systems acquired insurance company IVANS Insurance Solutions from Ivans

Acquisition Highlights
  • This is Applied Systems’ 1st transaction in the Insurance sector.
  • This is Applied Systems’ 2nd transaction in the United States.
  • This is Applied Systems’ 1st transaction in Florida.

M&A Deal Summary
Date 2013-04-30
Target IVANS Insurance Solutions
Sector Insurance
Buyer(s) Applied Systems
Sellers(s) Ivans
Deal Type Divestiture

Target

IVANS Insurance Solutions

Tampa, Florida, United States
IVANS has supplied the property/casualty industry with managed network, electronic data interchange (EDI) and agency-company interface services.

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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 3 of 13
Sector (Insurance) 1 of 1
Type (Divestiture) 1 of 1
State (Florida) 1 of 1
Country (United States) 2 of 9
Year (2013) 1 of 2
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-14 Insurecom

Brighton,, United Kingdom

Insurecom is a major software and connectivity solutions company serving the insurance industry in the United Kingdom for more than 14 years. Insurecom is the exclusive distributor of Applied TAM UK broker software and works closely with major insurers in the UK, enabling them to distribute insurance products in real-time.

Buy -

Seller(S) 1

SELLER

Ivans

Stamford,, Connecticut, United States
Category Company
Founded 1983
Sector Communications
DESCRIPTION

Ivans, Inc. is a provider of communication services to the Web based healthcare network, retailers, manufacturers, and business services.

DEAL STATS #
Overall 1 of 1
Sector (Insurance) 1 of 1
Type (Divestiture) 1 of 1
State (Florida) 1 of 1
Country (United States) 1 of 1
Year (2013) 1 of 1
Mergr

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