.
MergerLinks Header Logo

Announced

Applied Systems to acquire Indio Technologies.

Financials

Edit Data
Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

digital insurance platform

Acquisition

Private

Friendly

Majority

Pending

United States

insurance products

Digital Services

Single Bidder

Synopsis

Edit

Applied Systems, a provider of cloud-based software for the insurance business, is set to acquire Indio Technologies, a solution provider for the insurance application and renewal process. Financial terms were not disclosed. "This acquisition will provide our customers and employees with access to new innovation, resources, and scale to further transform agencies’ and brokers’ daily workflows and accelerate business growth,” Michael Furlong, Indio CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US