Stone Point Capital acquired a minority stake in Applied Systems.

Stone Point Capital acquired a minority stake in Applied Systems, the leading global provider of cloud-based software that powers the business of insurance and a portfolio company of Hellman & Friedman. "We are pleased to have Stone Point join Applied’s investor base,” said Reid French, chief executive officer, Applied Systems. “We welcome their deep domain expertise within the insurance vertical and look forward to their partnership as we continue to invest behind our product vision in support of our customers."