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Apax Partners to acquire majority stake in Accenture's Duck Creek Technologies

The private equity firm is no stranger to the insurance industry, with investments in brokerages Hub International and Assured Partners, among others.

By staff Writer | Updated on April 19, 2016
Accenture is selling a 60% stake in its Duck Creek Technologies to Apax Partners, a venture capital and private equity firm.

London-based private equity and venture capital firm Apax Partners has agreed to acquire a 60% equity stake in Duck Creek Technologies, the insurance software business of Dublin-based management consulting giant Accenture.

Financial terms were not disclosed, but the companies said the joint venture will operate as a new and independent company. Bolivar, Mo.-based Duck Creek’s senior management, and approximately 1,000 insurance and insurance software specialists, are expected to join the new joint venture. 

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