Applied - About the company
Applied is an acquired company based in University Park (United States), founded in 1983 by Hartmut Fischer. It operates as a Provider of a cloud-based software suite for P&C insurers, MGA and agents. Applied has raised an undisclosed amount in funding from investors like JMI Management, Stone Point Capital and CapitalG. The company has 910 active competitors, including 117 funded and 101 that have exited. Its top competitors include companies like Guidewire, Insurity and FurtherAI.
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
Investors
Ranked
5th among 910 active competitors
Employee Count
2,892 as on Sep 30, 2026
Exit Details
Acquired by Hellman & Friedman (Nov 26, 2013)
Legal entities associated with Applied
Applied is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
APPLIED SYSTEMS, INC. CIN: 205511045 , United States, Active | Dec 26, 999 | - | 1704 (As on Dec 31, 2024) | - |
Applied's acquisition details
Applied got acquired by Hellman & Friedman on Nov 26, 2013 at an acquisition amount of $*****.
Click here to take a look at Applied's acquisition in detail
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Applied's funding and investors
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 7 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 | 3232106 | Conventional Debt | 1524081 | 2058698 | 9350817 | 7671294 |
Oct 16, 2018 | 7025612 | PE | 6078246 | 4634568 | 9173642 | 2290041 |
Sep 11, 2017 | 2149668 | PE | 8340945 | 4750551 | 4848643 |
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Applied's founders and board of directors
Founder? Claim ProfileThe founders of Applied is Hartmut Fischer.
Here are the details of Applied's key team members:
- Hartmut Fischer: Founder and Managing Director of Applied.
View details of Applied's Founder profiles and Board Members
Applied's employee count trend
Applied has 2,892 employees as of Sep 26. Here is Applied's employee count trend over the years:
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Applied's Competitors and alternates
Top competitors of Applied include Guidewire, Insurity and FurtherAI. Here is the list of Top 10 competitors of Applied, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Guidewire 2001, San Mateo (United States), Public | Developer of software platforms for property and casualty insurance operations | - | 78/100 | |
2nd | Insurity 1985, Hartford (United States), Acquired | AI and cloud-based policy management and claims administration solutions | $57M | 69/100 | |
3rd | FurtherAI 2023, San Francisco (United States), Series A | AI-powered automation platform for insurance industry tasks | $35.6M | 69/100 | |
4th | Bold Penguin 2016, Columbus (United States), Acquired | Software suite for the commercial insurance industry | $50.1M | 68/100 | |
5th | Applied 1983, University Park (United States), Acquired | Provider of a cloud-based software suite for P&C insurers, MGA and agents | - | 68/100 | |
6th | Duck Creek 2000, Boston (United States), Acquired | Provider of cloud-based solutions for property and casualty and general insurance | $350M | 67/100 | |
7th | Cloud-based software solutions for credit insurers, surety bonds & trade finance | $147M | 67/100 | ||
8th | Provider of a platform for AI decision-making in banking and insurance | $97.5M | 65/100 | ||
9th |  Socotra 2014, San Francisco (United States), Series C | Cloud-based policy management and underwriting solutions for the insurance industry | $98M | 65/100 | |
10th | Hyperexponential 2017, London (United Kingdom), Acquired | Developer of software for commercial insurance pricing and underwriting workflows | $91M | 65/100 |
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!Looking for more details on Applied's competitors? Click here to see the top ones
Applied's Investments and acquisitions
Applied has not made any investments yet. Applied has made 13 acquisitions.Here is the list of latest three $acquisitions:
Filter this list
Filter this listDate of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
Sep 09, 2025 | Acquisition | 2012 | London (United Kingdom) | |
Jul 23, 2024 | Acquisition | 2016 | New York City (United States) | |
Dec 06, 2022 | Acquisition | 2013 | Lisburn (United Kingdom) |
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Reports related to Applied
Here is the latest report on Applied's sector:
News related to Applied
Filter this listMedia has covered Applied for a total of 52 events in the last 1 year, 31 of them have been about company updates and 3 about people movement.
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Applied Systems Announces Increased Adoption Among Top U.S. Insurance BrokeragesGlobeNewswire•Sep 30, 2026•Applied
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Applied Systems Launches Epic Conductor, an AI Platform for Insurance Agency WorkflowsGlobeNewswire•Sep 29, 2026•Applied
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Applied Systems Names Five Pinnacle Award Winners at Applied Net 2026, Recognizing Travelers as Anchor PartnerInsurance Business America•Sep 29, 2026•Applied
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Applied Systems Recognizes 18 Carriers for Advancing Digital Connectivity at Applied NetInsurance Business America•Sep 28, 2026•Applied
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Applied Systems Integrates Open with Rating Hub to Expand Motor Insurer Access for MoneySuperMarket's SuperSaveClub InsuranceGlobeNewswire•Sep 01, 2026•Applied
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Applied Systems Earns Great Place To Work Certification for Third Consecutive YearGlobeNewswire•Sep 01, 2026•Applied
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Applied Systems Report: Agents Prioritize Submission Automation Over CommissionsTechnologymagazine•Aug 27, 2026•Applied
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Paragon Joins Applied Rating Hub to Expand Broker Access to Household Insurance ProductsGlobeNewswire•Aug 25, 2026•Applied, Paragon
•
Applied Systems Launches New Agentic Email-to-Quote Submission Channel Powered by CytoraGlobeNewswire•Aug 18, 2026•Applied
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FAQs about Applied
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