Applied Systems Inc., a provider of software for the insurance industry, has announced it has acquired NxTech Inc. to support Applied Systems’ continuing strategic investments in its IVANS Insurance Solutions business unit. IVANS is aimed at improving data exchange and carrier-agency connectivity for the benefit of the entire P&C industry, according to Applied Systems. NxTech is a provider of technology solutions that enable data exchange and integration between insurance carriers and the independent agency channel in the U.S. P&C insurance industry.
“The ability for insurance carriers to exchange information more efficiently with independent agencies and brokerages through advanced download and real-time technology is critical in today’s connected insurance marketplace,” said Applied Systems CEO Reid French. “The acquisition of NxTech is an important investment in the continuing growth of IVANS and furthers our commitment to increasing data connectivity and efficient data exchange for customers and other industry stakeholders.”
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