Agency Management System Firms Get Cozy, But Merger Seen AsUnlikely

Agency management software rivals Applied Systems and AMSServices Inc. have entered a new era of cooperation–with AMS evenusing Applieds platform for agent/carrier transactions–but theprospect of a merger between these two key players is unlikely,according to the two tech firms.

Late last year, Windsor, Conn.-based AMS sent shock wavesthrough the software industry with its announcement that it wouldlicense Transformation Station–an Applied Systems data exchangetechnology for real-time transactions–from IVANS, despite the factthat it would benefit AMSs chief competitor in the agencymanagement systems market.

Continue Reading for Free

Register and gain access to:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.