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.
16 October 2018•1 min read
