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

John DelSanto, global managing director of Accenture’s insurance practice, says that “Duck Creek is a leader in the P&C policy-administration market as demonstrated by its customer base and its sales momentum.”

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