Divestiture • Internet Software and Services

Duck Creek Acquires Prima XL

On June 28, 2022, Duck Creek acquired internet software and services company Prima XL from Prima Solutions

Acquisition Context
  • This is Duck Creek’s 2nd transaction in the Internet Software and Services sector.
  • This is Duck Creek’s 2nd transaction in France.

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M&A Deal Summary

Date June 28, 2022
Target Prima XL
Sector Internet Software and Services
Buyer(s) Duck Creek
Sellers(s) Prima Solutions
Deal Type Divestiture

Target Company

Prima XL

France
Prima XL is the cloud-based reinsurance management platform that collects, centralizes and analyzes all data from insurers, reinsurers and brokers. Prima XL is based in France.
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Buyer Overview 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 Context for Buyer #
Overall 4 of 5
Sector: Internet Software and Services 2 of 2
Type: Divestiture 3 of 3
Country: France 2 of 2
Year: 2022 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-28 Prima Compliance

France

Prima Compliance is a cloud platform for managing regulatory compliance to satisfy Europe’s Solvency II directive. Combining actuarial calculations (Solvency II Pillar 1) and internal regulatory reporting at the national and European levels (Solvency II Pillar 3), Prima Compliance is a secure, all-in-one solution that is always compliant with Solvency II regulations, giving insurance organizations peace of mind when it comes to European regulatory compliance. Prima Compliance is based in France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-10 Risk Control Technologies

Mississauga, Ontario, Canada

Risk Control Technologies is a provider of risk management and loss control solutions. Risk Control Technologies is based in Mississauga, Ontario.

Buy -

Seller Profile 1

SELLER

Prima Solutions

Paris, France

Category Company
Founded 2000
Sector Software
DESCRIPTION

Prima Solutions is a software vendor that designs, develops and markets software exclusively for insurance providers. Prima Solutions offers modular digital applications to help insurance companies optimize customer relations and insurance policy management. Prima Solutions was founded in 2000 and is based in Paris, France.


Deal Context for Seller #
Overall 2 of 2
Sector: Internet Software and Services 2 of 2
Type: Divestiture 2 of 2
Country: France 2 of 2
Year: 2022 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-28 Prima Compliance

France

Prima Compliance is a cloud platform for managing regulatory compliance to satisfy Europe’s Solvency II directive. Combining actuarial calculations (Solvency II Pillar 1) and internal regulatory reporting at the national and European levels (Solvency II Pillar 3), Prima Compliance is a secure, all-in-one solution that is always compliant with Solvency II regulations, giving insurance organizations peace of mind when it comes to European regulatory compliance. Prima Compliance is based in France.

Sell -