Applied Systems, Inc., announces it has acquired Insurecom, a leading software and connectivity solutions company serving the insurance industry in the United Kingdom.
The acquisition of Insurecom, which will operate as Applied Systems UK, enables Applied to establish company-owned operations in the UK and deliver more service and new products to the market. Insurecom had been an Applied Systems business partner for more than 10 years and was the exclusive distributor of Applied TAM to insurance brokerages in the UK.
"As longstanding business partners, our companies have a strong foundation in place to quickly integrate operations and begin delivering greater service and new products to customers in the UK insurance market," says Reid French, CEO, Applied Systems. "Expanding our international operations enables Applied Systems to deliver enhanced support to our growing list of multinational customers as the insurance industry continues to globalize."
Applied TAM has a user base of more than 100,000 insurance agents and brokers across the UK, U.S. and Canada. By acquiring Insurecom, Applied Systems will now directly service and support UK users and create greater value for this segment of its customer base.
"Evolving business requirements are changing our industry, requiring UK insurance brokers to more fully utilize software and connectivity solutions to sustain business growth and strengthen relationships with both our customers and our insurer partners," says Tony Watmore, chairman, Team-One. "Applied TAM UK enables UK brokers to achieve these important business objectives."
Applied Systems will leverage its technology development resources and expertise to enhance broker management software and insurer connectivity solutions offered in the UK insurance market. The company plans to begin introducing its additional insurance software products currently used in the U.S. and Canada to the market to further automate the insurance lifecycle in the UK.
Jeff Purdy, senior vice president of international operations, Applied Systems, will oversee Applied Systems UK, working directly with the Insurecom management team.
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