Connect with us

Hi, what are you looking for?


Vista Equity Partners Acquires Duck Creek

Vista Equity Partners

Private equity firm Vista Equity Partners has officially announced their plans to acquire Duck Creek Technologies, a SaaS-based software provider for the property and casualty (P&C) insurance sector, for $2.6 billion.

The Boston-based company went public back in 2020 with an initial market cap of around $5 billion, but has since seen it’s valuation drop to below $2 billion over the last year, with a $13 per share closing price as of Friday.

“Vista has an established track record of partnering with leading enterprise software businesses within the insurance industry and related verticals,” Vista Equity Partners managing director Jeff Wilson said in a press release. “We are excited to work with the Duck Creek team as we look to build on their best-in-class platform and solutions, which serve many of the world’s leading P&C insurance carriers.”

The company anticipate the acquisition to close in Q2 2023.

You May Also Like


Platika has committed a $25 million minority investment in Ace Games, which was established back in 202 and is behind the title Fiona’s Farm,...


Following the epic collapse of FTX and the downward spiral of Web3 sectors such as cryptocurrency, Latin America’s digital wallet startup Zulu nabbed a...


Pact, an all-women led VC firm funding mission-driven startups, have received backing from Hollywood actress Anne Hathaway, who joins other LPs such as Jeff...


Sequoia Capital venture capitalist Alfred Lin participated in an industry event that was hosted in San Francisco, California, and talked about a number of...