Vista Equity Partners to acquire insurance software developer Duck Creek for USD 2.6 billion


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Vista Equity Partners, a major private equity firm, has announced plans to buy Duck Creek Technologies for USD 2.6 billion.

The SaaS-based software provider for the property and casualty (P&C) insurance industry with headquarters in Boston, Duck Creek, went public in 2020 with an initial market cap of roughly USD 5 billion. The value of Duck Creek has dropped to below USD 2 billion over the past year, with a closing price of about USD 13 per share, after reaching a peak of about USD 7 billion in early 2021.

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When compared to Duck Creek’s most recent market closing price and its volume-weighted average price (VWAP) over the previous 30 days, Vista’s USD 19 per share offer represents a 46% and 64% premium, respectively. Vista said it would pay USD 2.6 billion in an all-cash deal.

Read More: Vista Equity Partners to acquire insurance software company Duck Creek for $2.6B

TalkFintech Bureau
TalkFintech Bureau
TalkFintech is focused on the latest financial sector technologies and tools- covering all tech used by banks, investors, insurance, and wealth management sectors- and also conversations on retail financial management tools.


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