InsurTech Duck Creek Sold to Vista Equity for $2.6B
Summary
The companies announced the all-cash deal, which takes Duck Creek private, in a news release Monday (Jan. 9). The news comes just days after Duck Creek announced plans to acquire Imburse Payments to offer digital transformation tools for insurers. “Imburse has developed a great product for the global insurance industry that is not only easy to integrate and implement, but also gives carriers incredible flexibility and payment choices,” Jackowski said in a news release. PYMNTS research has shown that insurance companies are at the head of the pack when it comes to implementing new embedded finance solutions that can benefit themselves and their industry, as well as their customers. To deal with this issue, German InsurTech startup INZMO has created an online insurance platform that offers a fully digital user experience, company founder and CEO Meeri Savolainen, told PYMNTS in an interview.
