Applied Systems Inc, a provider of software for insurance companies, will acquire the P&C business of IVANS, a provider of technology solutions for insurance carriers and agencies.
According to Applied Systems, the IVANS P&C business will operate as a separate business division of Applied Systems, led by Jim Ochiltree, president of IVANS P&C, and the entire existing senior management team. IVANS will be focused solely on the technology needs of the P&C insurance industry. Applied Systems plans to maintain and invest in IVANS P&C’s open platform and integration with all carriers and agency management systems. The transaction is subject to customary conditions to closing and is expected to be completed in the first half of 2013.
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