Insurance software firm Applied Systems Inc. has acquired Compu-Quote Inc., a Canadian comparative insurance rating company.
“The acquisition of Compu-Quote establishes Applied Systems as the leading provider of software to the Canadian insurance market,” said Reid French, CEO, Applied Systems, which is based in University Park, Illinois. “We believe the transaction provides excellent growth prospects and synergies for Applied Systems and our customers in the Canadian insurance market and is fundamental to our company’s growth strategy.”
Compu-Quote will become part of Applied Systems Canada.
Topics Mergers & Acquisitions Canada
Was this article valuable?
Here are more articles you may enjoy.
Acrisure to Cut 2,250 Employees, Citing Advances in Technology and AI 
Anthropic Plans Wide Release of Mythos-Level AI Models in Weeks 
AIG’s Turnaround Under Zaffino Sets Stage for New Leadership 
After Complaint, GEICO Agrees to Modify Cancellation Process That Uses AI 
