Policy Works Inc.

Applied Systems, Inc. has acquired Policy Works Inc.

Industry:

Information Technology

Applied Systems, Inc. has acquired Policy Works Inc. MNP Corporate Finance Inc. acted as exclusive financial advisor to Policy Works Inc. in structuring and negotiating this transaction.

Transaction Brief

This transaction allowed the shareholders of Policy Works Inc. (Policy Works) to implement a succession strategy while ensuring the continued growth and success of their business.

Policy Works is an industry pioneer of policy production and point-of-sale software for the commercial insurance industry in Canada.

Applied Systems is the 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 the world’s largest provider 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’s people and products enable millions of people around the world to safeguard and protect what matters most.