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Applied Systems Announces Minority Investment by CapitalG, the Growth Equity Investment Fund of Google Parent Company Alphabet

Oct 16, 2018 - PR Newswire
Mergers and Acquisitions-Partnership Announcement

PR Newswire

UNIVERSITY PARK, Ill., Oct. 16, 2018 /PRNewswire-PRWeb/ -- Applied Systems ("Applied"), the leading global provider of cloud-based software that powers the business of insurance, today announced an investment from CapitalG, Alphabet's growth equity investment fund. CapitalG's investment will bring Applied access to Google expertise across artificial intelligence, machine learning, and digital marketing. Other CapitalG investments include Lyft, Airbnb, SurveyMonkey, and Zscaler.

Over the past five years, Applied has more than doubled in size and revenue by significantly growing its product portfolio and customer base throughout the United States, Canada, the United Kingdom and the Republic of Ireland. As the insurance industry's trusted technology partner for more than 35 years, Applied continues to serve the industry and its expanding global customer base through an innovative product portfolio and industry leading services and s...