When was Applied founded?

Applied was founded in 1983 and raised its 1st funding round 34 years after it was founded.

Where is Applied located?

Applied is headquartered in University Park, United States. It is registered at University Park, Illinois.

How many employees does Applied have?

As of Mar 31, 2026, the latest employee count at Applied is 2771.

Is Applied a funded company?

Applied is a funded company, having raised an undisclosed amount across 3 funding rounds to date. The company's 1st funding round was a $***** PE round, raised on Sep 11, 2017.

When was the latest funding round of Applied?

Applied's latest funding was a $***** Conventional Debt round on Jan 14, 2021, with participation from 1 investor.

Where does Applied rank among its competitors?

Applied ranks 13th amongst 685 active competitors, of which 107 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Tinubu, which secured $45M in May, 2025.

Who are the top competitors of Applied?

Applied's top competitors include Guidewire, Duck Creek and Bold Penguin. Among them, Tinubu secured the most recent funding round in May, 2025.

Applied - 2026 Company Profile, Team, Funding & Competitors

Q: Is Applied an acquired company?

Applied got acquired by Hellman & Friedman on Nov 26, 2013.

Company Details

Provider of a cloud-based software suite for P&C insurers, MGA and agents. Its solutions include applied analytics for insurance data analytics and graphical business insights applied epic for insurance agency management, applied mobile insured to provide clients on-the-go access to insurance information applied rater for product quoting.

Website: www1.appliedsystems.com
Social
Email ID: *****@appliedsystems.com
Phone Number: +1 **********
Registered Address: University Park, Illinois

Key Metrics

Founded Year

1983

Location

University Park, United States

Stage

Acquired

Latest Funding Round

Conventional Debt, Jan 14, 2021, $*****

Investors

JMI Management & 5 more

Ranked

13^th among 685 active competitors

Employee Count

2,771 as on Mar 31, 2026

Investment & Acquisitions

Cytora & 12 more

Similar Companies

Guidewire & 138 more

Exit Details

Acquired by Hellman & Friedman (Nov 26, 2013)

View Applied's full profile

Applied is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
APPLIED SYSTEMS, INC. CIN: 205511045 , United States, Active	Dec 26, 999	-	1704 (As on Dec 31, 2024)	-

Applied got acquired by Hellman & Friedman on Nov 26, 2013 at an acquisition amount of $1.8B.

Click here to take a look at Applied's acquisition in detail

Applied has raised funding over 3 rounds. Its first funding round was on Sep 11, 2017. Its latest funding round was a Conventional Debt round on Jan 14, 2021 for $*****. 1 investor participated in its latest round. Applied has 6 institutional investors.

Here is the list of recent funding rounds of Applied:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jan 14, 2021	8365380	Conventional Debt	4450193	5710484	8482627	8321231
Oct 16, 2018	5229182	PE	2082233	6995949	3592312	3319610
Sep 11, 2017	1316045	PE	1926766	1131115	Stone Point Capital	6106996

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View details of Applied's funding rounds and investors

Applied's employee count trend

Applied has 2,771 employees as of Mar 26. Here is Applied's employee count trend over the years:

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Top competitors of Applied include Guidewire, Duck Creek and Bold Penguin. Here is the list of Top 10 competitors of Applied, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Guidewire 2001, San Mateo (United States), Public	Cloud-based platform for property and casualty insurance	-	Battery Ventures, NISA & 6 others	75/100
2nd	Duck Creek 2000, Boston (United States), Acquired	Provider of cloud-based solutions for property and casualty and general insurance	$350M	Kayne Anderson Rudnick, Neuberger Berman & 8 others	71/100
3rd	Bold Penguin 2016, Columbus (United States), Acquired	Software suite for the commercial insurance industry	$50.1M	Hudson Structured, Pivot Ventures & 8 others	69/100
4th	FintechOS 2017, London (United Kingdom), Series B	Provider of AI-based software suite for the banking and insurance industry	$146M	Gapminder, BlackRock & 12 others	68/100
5th	OneShield 1999, Marlborough (United States), Series E	Cloud-based insurance policy and claims management solutions for the p&c insurance industry	$52.5M	Pacific Lake Partners, Bain Capital Credit ... & 12 others	67/100
6th	Tinubu 2000, Moulineaux (France), Series D	Cloud-based software solutions for credit insurers, surety bonds & trade finance	$147M	Bpifrance, Long Arc Capital & 6 others	66/100
7th	Sapiens 1982, Holon (Israel), Acquired	Insurance policy administration and compliance solutions for the insurance industry	-	Nir 4 You, Giza Venture Capital & 8 others	66/100
8th	Socotra 2014, San Francisco (United States), Series C	Cloud-based policy management and underwriting solutions for the insurance industry	$98M	8VC, Insight Partners & 18 others	65/100
9th	Newfront 2017, San Francisco (United States), Acquired	Provider of insurance brokerage and total rewards services	$300M	Goldman Sachs, Meritech & 25 others	64/100
10th	Nexus FrontierTech 2015, London (United Kingdom), Seed	AI-based software suite for financial service industry	$3.81M	-	64/100
13th	Applied 1983, University Park (United States), Acquired	Provider of a cloud-based software suite for P&C insurers, MGA and agents	-	JMI Management, Stone Point Capital & 4 others	62/100

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Applied has not made any investments yet. Applied has made 13 acquisitions.

Here is the list of latest three $acquisitions:

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Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Sep 09, 2025	Acquisition	Cytora	2012	London (United Kingdom)
Jul 23, 2024	Acquisition	Planck	2016	New York City (United States)
Dec 06, 2022	Acquisition	Risk Handler	2013	Lisburn (United Kingdom)