Vista Equity Partners completed the acquisition of Duck Creek from Apax and Accenture for $2.6bn.

Vista Equity Partners, an investment firm, completed the acquisition of Duck Creek, an intelligent solutions provider, from Apax Partners, a private equity advisory firm, and Accenture, a professional services company, for $2.6bn. “This transaction is a testament to the value of the Duck Creek platform, the success of our strategy and the strength of our incredible team. Following a deliberate and thoughtful process, the Board approved this transaction which delivers a great outcome for Duck Creek’s shareholders, providing them a certain and substantial cash value at an attractive premium. Duck Creek is proud to have pioneered cloud-based mission-critical systems for the P&C insurance industry to deliver a best-in-class customer experience. We are excited to enter the next chapter for Duck Creek in partnership with Vista Equity Partners to continue supporting P&C insurance carriers’ move to the cloud," Michael Jackowski, Duck Creek CEO.