Vista Equity to take insurtech Duck Creek private
Investment firm Vista Equity Partners is buying insurtech Duck Creek Technologies for US$2.6 billion, according to PYMNTS.
The companies announced the all-cash deal, which takes Duck Creek private, in a news release Monday.
Based in Boston, Duck Creek provides solutions for the property and casualty (P&C) and general insurance industry.
The acquisition is expected to close in the second quarter of 2023.
Vista Equity is headquartered in Austin, and has US$95 billion in assets under management.
Last October saw the company purchase cybersecurity firm KnowBe4 for US$4.6 billion.
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