{"id":453965,"date":"2021-03-09T11:03:16","date_gmt":"2021-03-09T16:03:16","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=453965"},"modified":"2021-03-09T11:03:16","modified_gmt":"2021-03-09T16:03:16","slug":"applied-systems-completes-acquisition-of-ezlynx","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/applied-systems-completes-acquisition-of-ezlynx\/","title":{"rendered":"Applied Systems Completes Acquisition of EZLynx"},"content":{"rendered":"<h2>\nCombined organization to increase innovation and connectivity for independent agencies of all sizes<br \/>\n<\/h2>\n<div class=\"mw_release\">\n<p>UNIVERSITY PARK, Ill., March  09, 2021  (GLOBE NEWSWIRE) &#8212; Applied Systems (\u201cApplied\u201d) today announced that they have closed their previously announced\u00a0agreement to acquire EZLynx.\u00a0<\/p>\n<p \/>\n<p>\u201cToday is an exciting day for our companies, employees, customers, partners and the broader industry,\u201d said Taylor Rhodes, CEO at Applied Systems. \u201cEZLynx\u2019s culture of customer loyalty and innovation fits perfectly with Applied\u2019s next chapter of innovation and growth, and we remain committed to continuing to grow both companies\u2019 product portfolios to provide greater productivity, simplicity, intelligence and value to agencies of all sizes.\u201d<\/p>\n<p \/>\n<p>\u201cThe EZLynx team is excited to join forces with the Applied team and know the EZLynx story will only get better going forward,\u201d said Nag Rao, CEO and co-founder of EZLynx. \u201cWe share a unified vision to provide independent agents with innovative technology to accomplish more in the future, and we are excited to bring our complementary products to market to help independent agents accomplish more in the future.\u201d<\/p>\n<p \/>\n<p>Hellman &amp; Friedman, a preeminent global private equity firm with a distinctive focus on investing in high-quality growth businesses with a long-term approach, has been Applied\u2019s majority shareholder since 2014, alongside minority shareholders Stone Point Capital, JMI Equity, and CapitalG.<\/p>\n<p \/>\n<p>Nomura Securities provided committed financing to support the acquisition.<\/p>\n<p \/>\n<p>For more information on this acquisition, please click <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Gw-zuO_T-a0OP313O3pGrlODWfGNeqmHmiLZIUVWtGlZeEt3m32ii1oHBI0lbumknZOUA-k78Jk1iEyGVmOa6WmF61IU6Y5exOqMYN05BJvJBGW8V7RxXTtCF9Ybka4F\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">here<\/a>.<\/p>\n<p \/>\n<p>\n        <b>About Applied Systems<\/b>\n      <\/p>\n<p>Applied Systems is a leading global provider of cloud-based software that powers the business of insurance. Recognized as a pioneer in insurance automation and the innovation leader, Applied is one of the world\u2019s largest providers of agency and brokerage management systems, serving customers throughout the United States, Canada, the Republic of Ireland, and the United Kingdom. By automating the insurance lifecycle, Applied\u2019s people and products enable millions of people around the world to safeguard and protect what matters\u00a0most.<\/p>\n<p \/>\n<p>\n        <b>About EZLynx <\/b>\n      <\/p>\n<p>EZLynx pioneered personal lines real-time comparative rating, enabling agents to generate quotes from multiple insurance carriers with a single data entry point. Today, over 20,000 agencies rely on EZLynx to provide more than eight million home, auto, and package rating transactions every month. EZLynx has also expanded beyond personal lines comparative rating by creating innovative software solutions that transform every facet of agency life, including agency management, client self-servicing, sales pipeline management, marketing and communications, accounting, eSignature, and more, all available on a unified, one platform solution.<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE4Njk5MCM0MDU1NTUzIzIwMTM4Njg=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/0b1c9c66-d831-4b03-a0e7-a4236e204514\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\">\n<pre>Lauren Malcolm\r\nApplied Systems\r\nlmalcolm@appliedsystems.com\r\n<\/pre>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Combined organization to increase innovation and connectivity for independent agencies of all sizes UNIVERSITY PARK, Ill., March 09, 2021 (GLOBE NEWSWIRE) &#8212; Applied Systems (\u201cApplied\u201d) today announced that they have closed their previously announced\u00a0agreement to acquire EZLynx.\u00a0 \u201cToday is an exciting day for our companies, employees, customers, partners and the broader industry,\u201d said Taylor Rhodes, CEO at Applied Systems. \u201cEZLynx\u2019s culture of customer loyalty and innovation fits perfectly with Applied\u2019s next chapter of innovation and growth, and we remain committed to continuing to grow both companies\u2019 product portfolios to provide greater productivity, simplicity, intelligence and value to agencies of all sizes.\u201d \u201cThe EZLynx team is excited to join forces with the Applied team and know the EZLynx story will only &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/applied-systems-completes-acquisition-of-ezlynx\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Applied Systems Completes Acquisition of EZLynx&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-453965","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - 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