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.
Banking Watchdogs Ramp Up AI Scrutiny as Stability Fears Mount, Sources Say 
All in the Family: Husband, Wife and Daughter Indicted for Insurance Fraud and Bribery 
Harbor Emerges From Stealth with $10M Funding to Handle AI-Agent Risk 
KCC Says Isaias Insured Losses to Be $3 Billion; AM Best Calls Storm an Earnings Event 
