Applied Systems Inc. was sued in federal court by a rival that claims the company leveraged its market power in the insurance agency management software business to crush competitors, escalating a dispute between the two firms.
Plaintiff Ardent Labs Inc., a startup that does business as Comulate, alleged that Applied monopolized the market for enterprise-level insurance agency management systems so that its own product “would face no meaningful competition,” according to a complaint filed Monday in the US District Court for the Northern District of Illinois.
“Applied’s anticompetitive conduct has one purpose: to harm competition by leveraging its stranglehold over ...
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