Announced
Financials
Tags
Private Equity
Acquisition
Pending
Domestic
Software
United States
Friendly
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comparative rating
Private
Synopsis
Hellman & Friedman-backed Applied Systems, a global provider of cloud-based software, agreed to acquire EZLynx, an agency management system provider. Financial terms were not disclosed. “Start-up and fast-growing independent insurance agencies are on the rise, creating a growing segment of the marketplace looking for automation and technology choice. Applied’s investment in EZLynx further demonstrates our commitment to providing technology choice for agencies of all sizes and increasing automation and connectivity between agencies and insurers to create a more valuable digital distribution channel," Taylor Rhodes, Applied Systems CEO.
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