Insurance AMS company Applied Systems partially acquired by Google

Googles investment branch called “Giant” has acquired a small portion of Applied Systems, an agency management software developer for independent agencies.

The acquisition of a small portion of Applied Systems is being transacted through CapitalG, the growth of equity investment fund of Google’s Alphabet, which in the past has invested in businesses like Lyft, Airbnb, SurveyMonkey and Zscaler.