Insurecom bought by US partner Applied Systems
Insurecom has been bought by US-based partner and fellow software company Applied Systems, Insurance Age can reveal.
The Brighton-based software company states that it provides its services to more than 500 UK brokers.
Insurance Age understands that acquisition talks began several months ago with market sources speculating that the value of the deal could be as low as £2m or up to £15m.
Insurecom and Applied Systems have both confirmed the deal to Insurance Age but declined to comment on the value of the sale.
Until now, Insurecom had been the license holder of Applied Systems' technology platform, The Agency
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