Applied Systems, Inc., a provider of software that powers the business of insurance, announces it has entered into an agreement to acquire the property & Casualty (P&C) business of IVANS, a provider of technology solutions that enable data exchange and integration between insurance carriers and agencies.
The transaction will combine two complementary technology providers for the P&C insurance industry. The combined company will be positioned to deliver technical innovation, develop product enhancements, and improve carrier-agency integration.
The transaction is expected to be completed in the first half of 2013. Simultaneous with the Applied Systems acquisition of the IVANS P&C business, ABILITY Network, a leading healthcare technology company, will acquire the IVANS healthcare and retail businesses.
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