Duck Creek Technologies Receives $120 Million Investment from Dragoneer Investment Group, Neuberger Berman, Insight Partners, and Temasek
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Source: GlobeNewswire
Boston, Dec. 09, 2019 (GLOBE NEWSWIRE) -- Duck Creek Technologies, a provider of SaaS-delivered enterprise software to the property & casualty insurance industry, today announced that four leading investment firms – Dragoneer Investment Group, funds advised by Neuberger Berman, Insight Partners, and Temasek – have invested $120 million in the company. The Duck Creek suite of SaaS solutions provides insurance carriers with open and highly-configurable applications across core areas of their businesses, such as policy administration, billing, claims, analytics, industry content, distribution management, and reinsurance management – all key to their digital transformations. Duck Creek’s SaaS solutions have been adopted by insurers around the world. Duck Creek will use the proceeds for continued investment into its business and to repurchase equity from certain existing investors. The new commitment of capital comes as the company continues to invest heavily in product development a
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