CapitalG funds Applied Systems


Applied Systems, a provider of cloud-based software for the insurance industry, has secured an investment from CapitalG, Alphabet’s growth equity investment fund. No financial terms were disclosed. As a result of the transaction, Hellman & Friedman will retain majority ownership of Applied Systems while CapitalG joins JMI Equity and Stone Point Capital as a minority investor.

Source: Press Release

Find new deal opportunities, super-charge your fundraising efforts and track top managers with VCJ. Get your FREE trial! Or subscribe now!