Inactive Instrument

Duck Creek Technologies, Inc.

DCT

US2641201064

Duck Creek Agrees To Be Acquired By Vista Equity Partners For $2.6 Bln

January 09, 2023 at 12:49 pm

Jan 9 (Reuters) - Duck Creek Technologies Inc:

* DUCK CREEK AGREES TO BE ACQUIRED BY VISTA EQUITY PARTNERS FOR $2.6 BILLION

* DUCK CREEK TECHNOLOGIES INC - PROPOSED DEAL FOR $19.00 PER SHARE

* DUCK CREEK TECHNOLOGIES INC- DUCK CREEK SHAREHOLDERS TO RECEIVE $19.00 PER SHARE IN CASH

* DUCK CREEK TECHNOLOGIES INC - DUCK CREEK TO BECOME A PRIVATELY HELD COMPANY UPON COMPLETION OF TRANSACTION

* DUCK CREEK TECHNOLOGIES INC - TO BECOME A PRIVATELY HELD COMPANY UPON COMPLETION OF TRANSACTION

* DUCK CREEK TECHNOLOGIES INC - AGREEMENT INCLUDES A "GO-SHOP" PERIOD EXPIRING AT 11:59 P.M. EASTERN TIME ON FEBRUARY 7, 2023

* DUCK CREEK TECHNOLOGIES INC - VISTA EQUITY PARTNERS INTENDS TO FINANCE TRANSACTION WITH FULLY COMMITTED EQUITY FINANCING

* DUCK CREEK TECHNOLOGIES -DEAL NEGOTIATIONS WERE LED BY SPECIAL COMMITTEE OF DUCK CREEK BOARD COMPOSED ENTIRELY OF INDEPENDENT,DISINTERESTED DIRECTORS

* DUCK CREEK - BOARD WILL HAVE RIGHT TO TERMINATE MERGER TO ENTER INTO A SUPERIOR PROPOSAL SUBJECT TO THE TERMS AND CONDITIONS OF THE MERGER AGREEMENT Source text for Eikon: Further company coverage:

Latest news about Duck Creek Technologies, Inc.

Duck Creek Technologies Appoints Bindu Crandall as Chief Marketing Officer	05-20	CI
Hi Marley & Duck Creek Continue to Demonstrate Simplified Claims Communications	05-15	CI
Duck Creek Technologies Transforms North American Insurers' Connectivity to Preferred Payment Providers with the Launch of Duck Creek Payments	03-19	CI
Duck Creek Continues Commitment to the Reinsurance Industry by Welcoming Xceedance as an Inaugural Ecosystem Partner for Reinsurance	02-20	CI
Duck Creek Technologies Adds Lloyd's of London Integration to Its Reinsurance Cloud Platform	12-19	CI
Transcript : Disco Parent, Inc. - Special Call	12-07
Duck Creek Technologies Unveils the Next Generation of Data Management and Analytics with the Launch of Duck Creek Clarity?	12-05	CI
Duck Creek Technologies Announces Partnership with ICEYE	31/10/23	CI
Newgen Partners with Duck Creek Technologies to Offer Newgenone OmniDocs Contextual Content Services Platform to Insurers	23/10/23	CI
Southern Trust Insurance Chooses Duck Creek OnDemand for Its Cohesive and Comprehensive Full-Suite Capabilities	31/08/23	CI
Country-Wide Insurance Company Migrates Its Full-Suite Systems into the Cloud with Duck Creek Technologies	23/08/23	CI
Relativity6 Partners with Duck Creek Technologies, Offering Fast and Accurate Industry Classification	19/07/23	CI
Greater Than and Duck Creek Technologies Enter Partnership Agreement to Help Motor Insurance Companies Globally Predict Future Loss Ratifies	28/06/23	CI
Chris McCloskey Joins Duck Creek as Chief Operating Officer	30/05/23	CI
Vymo, Inc. and Duck Creek Technologies, Partner to Deliver Superior Agent Management Experience for P&C Insurers	03/05/23	CI
Duck Creek Technologies Partners with Carpe Data to Bring Innovative and Actionable Insights to Insurance Industry	02/05/23	CI
Duck Creek Technologies Closes Acquisition by Vista Equity Partners, Ends Nasdaq Listing	30/03/23	MT
Duck Creek Technologies, Inc.(NasdaqGS:DCT) dropped from NASDAQ Composite Index	30/03/23	CI
Duck Creek Technologies, Inc.(NasdaqGS:DCT) dropped from S&P Global BMI Index	30/03/23	CI
Duck Creek Technologies, Inc.(NasdaqGS:DCT) dropped from S&P Software & Services Select Industry Index	30/03/23	CI
Duck Creek Technologies, Inc.(NasdaqGS:DCT) dropped from S&P TMI Index	30/03/23	CI
Vista Equity Partners Management, LLC completed the acquisition of Duck Creek Technologies, Inc. from a group of shareholders.	29/03/23	CI
Duck Creek Technologies, Inc. Announces Resignation of Nageswaran Vaidyanathan, Chief Technology Officer, Effective April 3, 2023	13/03/23	CI
Insurance software on the block as private equity looks to cash in - sources	03/03/23	RE
Duck Creek Technologies’s Cloud-Based Software Enables GAINSCO Auto Insurance to Scale in its Journey Towards Expansion	20/02/23	CI

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Duck Creek Technologies, Inc. is a provider of core systems to the property and casualty (P&C) insurance industry through its cloud offering, Duck Creek OnDemand, which is delivered as software-as-a-service (SaaS). The Company's product portfolio is built on its technology foundation, the Duck Creek Platform. The Company's Duck Creek Suite includes products that support the P&C insurance process lifecycle, such as Duck Creek Policy, Duck Creek Billing and Duck Creek Claims. Duck Creek Policy is a solution that enables insurers to develop and launch new insurance products and manage all aspects of policy administration, from product definition to quoting, binding, and servicing. Duck Creek Billing is a solution that supports fundamental payment and invoicing capabilities for all insurance lines and bill types. Duck Creek Claims is a solution that supports the entire claims lifecycle from first notice of loss through investigation, payments, negotiations, reporting and closure.

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