According to Applied Systems, 50% of all electronic P&C insurance transactions happen within its applications. That number could grow in light of its acquisition of TechCanary this week. According to Applied Systems, 50% of all electronic P&C insurance transactions happen within its applications. That number could grow in light of its acquisition of TechCanary this week.

Applied Systems, the 36-year-old global insurance-industry software provider based in University Park, Ill., announced Wednesday that it has acquired TechCanary, makers of a cloud-based, analytics-driven, Salesforce insurance platform.

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Elana Ashanti Jefferson

Elana Ashanti Jefferson is ALM PropertyCasualty360's Editor in Chief. She is a veteran journalist and communications professional. Reach her by sending an e-mail to [email protected].