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.
"There have been so many rumors, so it is interesting that something finally happened," she says.
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