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In what industry observers are describing as a “significant deal,” Accenture announces that it has entered into an agreement to acquire privately-held Duck Creek Technologies, which specializes in software solutions for the property & casualty insurance industry. Terms of the transaction, which is expected to close within the next 30 days, were not disclosed.

Karen Furtado, a partner in Strategy Meets Action, reports the industry has been waiting for some type of acquisition to take place over the last 12 months.

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