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Applied Systems builds cloud software for property and casualty insurance agencies and brokerages, including agency/broker management systems, quoting/rating tools, analytics, and insurer connectivity. The company sells its platforms on a subscription basis and operates the IVANS data exchange that links agencies with insurance carriers. Founded in 1983 and headquartered in Chicago, it is privately held by Hellman & Friedman and serves markets across North America and the U.K./Ireland.