Duck Creek Technologies

General Information
Business:

Our mission is to empower property and casualty insurance carriers to extend and improve the coverage they provide to their customers and to enhance the end-user experience. We are transforming the P&C insurance industry by helping carriers reimagine their operations and shape the future of insurance to provide every person and enterprise protection from life’s uncertainties.

We are the leading SaaS provider of core systems for the P&C insurance industry. We have achieved our leadership position by combining over twenty years of deep domain expertise with the differentiated SaaS capabilities and low-code configurability of our technology platform. We believe we are the first company to provide carriers with an end-to-end suite of enterprise-scale core system software that is purpose-built as a SaaS solution. Our product portfolio is built on our modern technology foundation, the Duck Creek Platform, and works cohesively to improve the operational efficiency of carriers’ core processes (policy administration, claims management and billing) as well as other critical functions. The Duck Creek Platform enables our customers to be agile and rapidly capitalize on market opportunities, while reducing their total cost of technology ownership.

Industry: PREPACKAGED SOFTWARE
Employees: 1355
Founded: 2019
Contact Information
Address 22 Boston Wharf Road, Floor 10, Boston, MA, 02210, US
Phone Number (888) 724-3509
Web Address http://www.duckcreek.com
View Prospectus: Duck Creek Technologies
Financial Information
Market Cap $3464.4mil
Revenues $201.3 mil (last 12 months)
Net Income $-11.3 mil (last 12 months)
IPO Profile
Symbol DCT
Exchange NASDAQ
Shares (millions): 15.0
Price range $27.00 - $27.00
Est. $ Volume $405.0 mil
Manager / Joint Managers Goldman Sachs/ J.P. Morgan/ BofA Securities/ Barclays/ RBC Capital Markets
CO-Managers JMP Securities/ Needham & Company/ Stifel. William Blair/ D.A. Davidson/ Raymond James/ Loop Capital Markets
Expected To Trade: 8/14/2020
Status: Priced
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