M&A Deal Summary

Duck Creek Acquires Risk Control Technologies

On October 10, 2024, Duck Creek acquired software company Risk Control Technologies

Acquisition Highlights
  • This is Duck Creek’s 3rd transaction in the Software sector.
  • This is Duck Creek’s 1st transaction in Canada.
  • This is Duck Creek’s 1st transaction in Ontario.

M&A Deal Summary

Date 2024-10-10
Target Risk Control Technologies
Sector Software
Buyer(s) Duck Creek
Deal Type Add-on Acquisition
Advisor(s) Raymond James - Investment Banking (Financial)

Target

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.

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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 5 of 5
Sector (Software) 3 of 3
Type (Add-on Acquisition) 2 of 2
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-28 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.

Buy -