Mike Jackowski talks to IIR about the investment’s origins and how Duck Creek will invest in its SaaS and geographic expansion while nurturing customer relationships.
Meeting at Formation ’19 customer conference, Duck Creek’s CEO talks with IIR about what the vendor has accomplished, how its vision has evolved for the Saas/platform era, and how the current vision represents continuity with Duck Creek’s original ideals.
The pre-release initiative enabled delivery partners Discoverture Solutions, Syntel and TCube Solutions to create project accelerators that will help fast-track deployment of Accenture Duck Creek software.
In addition to its goals of profitable growth, the carrier will use software-as-a-service delivery of the Accenture solution to enhance underwriting effectiveness, reduce loss costs and improve customer retention.
The firms characterize the deal as an joint venture that will function indepenently to accelerate the innovation of claims, billing and policy administration software.
The deal effectively completes the Apax/Accenture joint venture with the official relaunch of Duck Creek as of Aug. 1.
The companies have integrated Accenture’s IoT and analytics technologies with Duck Creek’s core platform and launched a blockchain proof-of-concept for medical bill auditing.
The Mid-Atlantic P&C carrier has added Accenture Duck Creek Policy and Billing to streamline operational transactions, speed product development and improve service to agents and customer.
The insurer sought a holistic solution on the SaaS deliver model to allow it to redirect IT resources to support strategic initiatives rather than to manage and maintain systems.
The vendor announced the pricing of its initial public offering of 15,000,000 shares of its common stock at a price of $27.00 per share which began trading today, Aug. 14.