Applied Systems not looking to buy Open GI
Sources say Applied backed by private equity firm Hellman & Friedman did consider making a bid.
Applied Systems has investigated buying Open GI but is not currently pursuing a deal, Insurance Age understands.
According to a market expert Applied had been looking at purchasing Open GI as part of its strategy to expand in the UK.
However, after taking a closer look at the business Applied, which is owned by private equity firm Hellman & Friedman, decided against making a bid.
One technology expert claimed the process that could have led to the two software houses coming together ended in
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