About Relay
Relay is a Financial Services company based in Antrim (United Kingdom) founded in 1985, and was acquired by Applied in August 2016. Software solutions are offered for the insurance sector. The company has 2 employees. Its focus areas include FinTech, Insurance IT, Insurance Policy Solutions and Insurance Software Suite. Its legal entity is ASE SOFTWARE IRELAND LIMITED.
Company details
Founded in 1985 and based in Antrim, United Kingdom, Relay develops software for the insurance industry. The flagship product, Relay 360, supports general insurance brokers in managing personal and commercial lines. Key functions include policy administration, document management, account reconciliation, and underwriter oversight. Operations focus on streamlining broker workflows across various insurance activities.
- InvestorsApplied Systems
& 1 more
- Employee Count2
- Acquired byApplied
(Aug 2016)
Funding Insights of Relay
- Total Rounds 1
- Investors Count 1
All 1 funding rounds of Relay with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb 2014 | Private Equity Round | – | – |
2 investors in total: 2 institutional.
Investors in Relay
Relay has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Applied Systems and Hg.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity investments in Europe are managed by Hg. | 1990 | hgcapital.com | London, United Kingdom | |
Insurance technology solutions are provided by Applied Systems for agencies. | 1983 | appliedsystems.com | University Park, United States |
Investor details for Relay
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Timeline of Relay
3 dated milestones of Relay across 31 years, from founding to its latest funding, stage changes and deals.
- Founded Relay is founded.
- Funding First funding round.
- Exit Acquired by Applied.
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Frequently Asked Questions about Relay
Relay was founded in 1985 and raised its 1st funding round 29 years after it was founded.
Relay is headquartered in Antrim, United Kingdom. It is registered at Antrim, Northern Ireland, United Kingdom.
Relay has 2 employees.
Founded in 1985 and based in Antrim, United Kingdom, Relay develops software for the insurance industry. The flagship product, Relay 360, supports general insurance brokers in managing personal and commercial lines. Key functions include policy administration, document management, account reconciliation, and underwriter oversight. Operations focus on streamlining broker workflows across various insurance activities.
Relay has 2 investors. Key investors include Applied Systems, and Hg.
Relay operates through Ase Software Ireland Limited.
Yes. Relay was acquired by Applied in August 2016.