Duck Creek Technologies LLC
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Duck Creek Technologies LLC - overview
Established
2000
Location
Boston, MA-Massachusetts, US
Primary Industry
Software
About
Founded in 2000 and based in Massachusetts, US, Duck Creek Technologies, Inc. is a provider of SaaS solutions for insurance carriers in the property and casualty (P&C) industry. In January 2023, Vista Equity Partners agreed to acquire Duck Creek Technologies, Inc. for approximately 2.
6 billion in cash, or for USD 19 per share, in a public to private transaction. The deal was completed in March 2023, and and the company was delisted from NASDAQ. Mike Jackowski, the company's CEO, previously served as Allstate's senior vice president of technology and operations. The company's main products include The Duck Creek Suite, Duck Creek platform, and Duck Creek ondemand.
Duck Creek ondemand is a cloud-based SaaS delivery solution that provides all the services, support and computing resources operators need. Its products are used in industries such as medical care, insurance and pets.
Current Investors
Temasek Holdings, Insight Partners, Neuberger Berman
Primary Industry
Software
Sub Industries
Financial Services, Content Management Software, Analytics & Performance Software, Accounting/Finance Software
Website
www.duckcreek.com
Verticals
Cloud Computing, Cloud Computing, FinTech, InsureTech, Mobile Apps
Company Stage
Mature
Total Amount Raised
Subscriber access only
Duck Creek Technologies LLC - timeline of key events
Duck Creek Technologies LLC - financials
| Fiscal Year Ended | Aug 31, 2017 | Aug 31, 2018 | Aug 31, 2019 | Aug 31, 2020 | Aug 31, 2021 | Aug 31, 2022 |
|---|---|---|---|---|---|---|
| Revenue (USD) | 156,721,000 | 159,669,000 | 171,273,000 | - | - | - |
| % Revenue Growth (YoY) | - | 1.9% | 7.3% | - | - | - |
| EBITDA (USD) | (5,305,000) | 13,380,000 | 5,977,000 | - | - | - |
| Operating Income (USD) | (23,529,000) | (6,348,000) | (14,151,000) | - | - | - |
| Operating Margin | (15.0%) | (4.0%) | (8.3%) | - | - | - |
| % EBITDA Margin | (3.4%) | 8.4% | 3.5% | - | - | - |
| NET Income (USD) | (24,790,000) | (7,802,000) | (16,896,000) | - | - | - |
| % Net Margin | (15.8%) | (4.9%) | (9.9%) | - | - | - |
Duck Creek Technologies LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Trade Sale | Completed | Send Technology Solutions Ltd. | - | ||||||||
| Add-on | Completed | Risk Control Technologies Inc. | - | ||||||||
| Growth | Completed | Duck Creek Technologies, Inc. | - | ||||||||
| Public to Private, Secondary Buyout | Completed | Duck Creek Technologies, Inc. | - | ||||||||
| Add-on, Trade Sale | Completed | Imburse AG | - |
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Duck Creek Technologies LLC - employee data
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