UNIVERSITY PARK -- Applied Systems Thursday announced that it has entered into a definitive agreement to acquire EZLynx, one of the fastest growing insurance agency management systems in the U.S. Terms of the deal were not disclosed.
"Startup and fast-growing independent insurance agencies are on the rise, creating a growing segment of the marketplace looking for automation and technology choice," said Taylor Rhodes, CEO at Applied Systems. "Applied's investment in EZLynx further demonstrates our commitment to providing technology choice for agencies of all sizes and increasing automation and connectivity between agencies and insurers to create a more valuable digital distribution channel."
EZLynx enables agents to generate quotes from multiple insurance carriers with a single data entry point. Today, more than 20,000 agencies rely on EZLynx to provide more than 8 million home, auto and packaged rating transactions every month.
Applied Systems is a leading global provider of cloud-based software that powers the business of insurance.