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TKO Miller Advises Insurance Technology Firm TechCanary on its Sale to Applied Systems
Monday 15 April 2019

15 April 2019 - US-based advisory-focused, middle market investment bank TKO Miller advised US-based insurance technology firm TechCanary Corp to cloud-based insurance software provider Applied Systems, Inc., the bank said.

Headquartered in Milwaukee, Wisconsin, TechCanary is a full-featured, cloud-based, analytics-driven insurance solution based on the Salesforce Platform.

This acquisition expands Applied's sales and marketing solutions. The company said it also demonstrates its commitment to automating both front and back office workflows for every role within an agency, insurer, and MGA.

Applied will continue to operate TechCanary's current Milwaukee, Wisconsin office.

Headquartered in University Park, Illinois, Applied Systems is world's largest provider of agency and brokerage management systems, serving customers both nationally and internationally.
Details
Date Published: 15/04/2019
Target: TechCanary Corp
Country: USA
Sector: Insurance
Type: Corporate acquisition
Financing:
Status: Closed
Vendor:
Buyer: Applied Systems
Comment:
Terms of the deal were not disclosed

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