StockMarketWire.com - HgCapital has sold Relay Software, a leading provider of software to insurance brokers, underwriters and insurers in the Republic of Ireland, to Applied Systems, the leading global provider of cloud-based insurance broker management software. HgCapital partnered with Relay Software in early 2014, representing the third investment for Mercury, HgCapital's specialist lower mid-market TMT fund. This exit marks the first full realisation for the Mercury fund, following four prior successful recapitalisations across the portfolio.




Story provided by StockMarketWire.com