Applied Systems bought by private equity
Deal follows Applied System's acquisition of Insurecom earlier this year.
Applied Systems has been bought by private equity investment firms Hellman & Friedman (H&F) and JMI Equity for $1.8bn [£1.1bn].
The software provider has been acquired from private investment firm Bain Capital.
"This acquisition represents an endorsement of Applied Systems' talented employee base, strategic plan and product vision that have made the growth of our company possible," said Reid French, CEO of Applied Systems.
Earlier this year, Applied Systems bought Brighton-based software house
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