Duck Creek Technologies News

Vista Equity Partners Completes $2.6B Buy of Duck Creek Technologies

Duck Creek Technologies on March 30 announced the completion of its acquisition by Vista Equity Partners in an all-cash transaction valued at approximately $2.6 billion, or $19 per share. “We are excited to commence our partnership with Vista Equity Partners …

Vista Equity Partners to Buy Duck Creek for $2.6B Cash

Insurance software provider Duck Creek Technologies said it has entered into an agreement to be bought by Vista Equity Partners in an all-cash deal of about $2.6 billion. Pending Duck Creek stockholder and regulatory approvals, the transaction is expected to …

Duck Creek to Acquire Swiss Payments Platform, Imburse Payments

Duck Creek Technologies, the tech company that serves the property/casualty insurance market, announced a definitive agreement to acquire Imburse Payments, a Swiss-based modern payments platform. Financial details of the deal were not disclosed. Imburse’s cloud-native software-as-a-service (SaaS) payment solution is …

Duck Creek Shares Jump; Coronavirus Drives Insurance Technology Demand

Shares of Duck Creek Technologies Inc. soared on their Nasdaq debut on Friday, after the software company serving the property and casualty insurance market raised $405 million in its upsized initial public offering (IPO). The stock jumped as much as …

P/C Insurance Software Firm Duck Creek Hikes IPO Price Range

Duck Creek Technologies Inc., a software company that serves the property and casualty insurance market, on Wednesday raised the price range for its initial public offering (IPO) and expects to raise about $375 million. Boston-based Duck Creek, which is backed …

Duck Creek Technologies Attracts $230 Million in Investments

Duck Creek Technologies, a provider of cloud software for the property/casualty insurance industry, said that it has received $230 million in investments from new investors Kayne Anderson Rudnick Investment Management and Whale Rock Capital Management, along with prior investors. Boston-based …

Duck Creek Technologies Acquires Data Management Software Firm Yodil

Duck Creek Technologies, a Boston-based provider of core system cloud services and software to the global property/casualty insurance industry, said it has acquired Yodil, an insurance data management software firm based in Charlotte, North Carolina. Details of the transaction were …

Global Insurance Fintech Investment Grew by 237% in 2015: Accenture Research

While insurance historically has been a laggard in the fintech race, it is increasingly a high-growth investment area in the fintech field, according to research from Accenture. Accenture’s fintech research reveals that the overall increase in global insurance investment levels …