DCT Stock Recent News

Here is how Duck Creek (DCT) and eGain (EGAN) have performed compared to their sector so far this year.

Duck Creek Technologies (DCT) announced it entered into a definitive agreement to be acquired by Vista Equity Partners. These are the details.

Nearly two and a half years after its initial public offering, Duck Creek Technologies Inc. ( DCT , Financial) announced on Monday it is being taken private by Vista Equity Partners for $2.6 billion.

Investment firm Vista Equity Partners is buying InsurTech Duck Creek Technologies for $2.6 billion. The companies announced the all-cash deal, which takes Duck Creek private, in a news release Monday (Jan. 9).

Duck Creek (NASDAQ: DCT ) stock is taking off on Monday after announcing that global investment firm Vista Equity Partners plans to acquire the company for $2.6 billion. According to a press release, Vista Equity Partners is willing to spend $19 in cash per share to take Duck Creek private.

The market is moving higher, and these small companies are helping.

Duck Creek Technologies Inc (NASDAQ: DCT) opened nearly 50% up this morning after Vista Equity Partners said it will buy the insurance software company for $2.6 billion. Details of the Duck Creek-Vista Equity deal The agreement translates to $19 a share – about a 46% premium on DCT's previous close.

Private equity giant Vista Equity Partners has announced plans to take Duck Creek Technologies private in a $2.6 billion deal. Boston-based Duck Creek, a SaaS-based software provider for the property and casualty (P&C) insurance sector, went public back in 2020, initially hitting a market cap of around $5 billion.

The insurance technology provider's customers include AIG and Berkshire Hathaway.

Vista will pay $19 per share in cash, or about $2.6 billion, according to CNBC's David Faber.