M&A Deal Summary

Duck Creek Acquires Agencyport Software

On August 2, 2016, Duck Creek acquired software company Agencyport Software from Xchanging

Acquisition Highlights
  • This is Duck Creek’s 1st transaction in the Software sector.
  • This is Duck Creek’s 1st transaction in the United States.
  • This is Duck Creek’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2016-08-02
Target Agencyport Software
Sector Software
Buyer(s) Duck Creek
Sellers(s) Xchanging
Deal Type Divestiture

Target

Agencyport Software

Boston, Massachusetts, United States
Agencyport Software lets P&C insurers engage simply and quickly with their product distribution channels and technology partners. Company offer the world's leading web-based distribution technologies and robust business intelligence tools making the complex business of insurance simpler and smarter, increasing efficiency, improving underwriting, and sharpening carriers’ competitive edge.

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Buyer(S) 1

Buyer

Duck Creek

Boston, Massachusetts, United States
Category Company
Founded 2016
Sector Software
Employees1,883
Revenue 303M USD (2022)
DESCRIPTION

Duck Creek is a provider of comprehensive P&C insurance software and services delivered on-premise or via Duck Creek On-Demand, a Software as a Service model. The company delivers configurable software that is designed to work independently or as a combined approach to quickly and seamlessly handle the unique needs of insurers of all sizes. Its technology solutions enable clients to optimize outcomes through streamlined operations, shared data, and consistent functionality. Duck Creek was incorporated in 1883 and is headquartered in Boston, Massachusetts.

DEAL STATS #
Overall 1 of 5
Sector (Software) 1 of 3
Type (Divestiture) 1 of 3
State (Massachusetts) 1 of 1
Country (United States) 1 of 2
Year (2016) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-04 Yodil

Charlotte, North Carolina, United States

Yodil LLC is a provider of Enterprise Data Management software, offering Business Intelligence (BI), Data Warehousing, Data Quality, and Data Governance solutions for property and casualty, workers compensation, and specialty lines of insurance.

Buy -

Seller(S) 1

SELLER

Xchanging

London, United Kingdom
Category Company
Founded 1999
Sector Information Technology
Employees7,409
Revenue 574M GBP (2014)
DESCRIPTION

Xchanging Plc is a business process outsourcing company providing industry specific processing to the banking and insurance industries and procurement, finance and accounting and human resources services to customers across industries.

DEAL STATS #
Overall 1 of 1
Sector (Software) 1 of 1
Type (Divestiture) 1 of 1
State (Massachusetts) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-04 Agencyport Software

Boston, Massachusetts, United States

Agencyport Software lets P&C insurers engage simply and quickly with their product distribution channels and technology partners. Company offer the world's leading web-based distribution technologies and robust business intelligence tools making the complex business of insurance simpler and smarter, increasing efficiency, improving underwriting, and sharpening carriers’ competitive edge.

Buy £64M
Mergr

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