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Duck Creek Acquires Vista Equity Partners For $2.6bn

Things To Know About Vista

Vista is an Information, internet and technology based industry founded in 1995. The publically held company is headquartered in Waltham and holds specialties in small business marketing, technology, marketing, finance, manufacturing, design, architecture, software engineering and micro business. The company is currently working in more than 17 countries all around the globe and operating since 20 years. 

It is therefore a global investment firm with more than $95bn in assets under management as of September 30, 2022 as per the reports. The investments are majorly in the domain of enterprise software, data and technology-enabled organizations across private equity, permanent capital, credit and public equity strategies.

Duck Creek Claims is a claims management solution aiming for a goal to help insurers manage the entire claims lifecycle without any hustle within it. The transaction was about $2.6bn. in completion of this amount, Duck Creek Technologies shares have ceased it’s trading and are no longer listed on the Nasdaq Global Select Market for trade options to deal with.

What Are The Views Of Leading Members Of The Firm On This

Nasdaql Jackowski, chief executive officer of Duck Creek, said, “We are excited to commence our partnership with Vista Equity Partners and work together to advance the next generation of P&C insurance technology.

With Vista’s global network and deep sector expertise, we will be better positioned to support and accelerate the industry’s transition to the cloud while continuing to deliver a best-in-class customer experience.”Monti Saroya, senior managing director and co-head of Vista’s Flagship Fund, added, “Duck Creek is a demonstrated leader in the P&C space, delivering innovative solutions that empower carriers to be faster and more nimble in servicing the digital needs of their customers. We look forward to partnering with Mike and the Duck Creek team as they continue to scale and define the future of P&C insurance technology.”

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