Hellman & Friedman-backed Applied Systems completed the acquisition of Tarmika.

Hellman & Friedman-backed Applied Systems, a provider of cloud-based software for insurance business, completed the acquisition of Tarmika, a provider of commercial lines rating solution that streamlines small business insurance. Financial terms were not disclosed. “Applied has been on a journey to solve the commercial lines distribution challenge with a mission to create a fully-digital roundtrip of insurance for agents and carriers – from search and classification to carrier appetite, and then on to quote to bind. Our investment in Tarmika is the next step in creating a more connected, collaborative, and efficient distribution channel that brings agencies, carriers and partners closer together to create mutual value and move our industry forward,” Taylor Rhodes, Applied Systems CEO.