DCT - Vista Equity Partners Is Buying a Fintech Stock -- What Investors Need to Know
Start-up financial technology investors, beaten down especially hard by the bear market, are getting some reprieve -- but perhaps not in the way they hoped for. In the latest indication that stocks are trading for fantastic long-term values, private equity firms are going shopping and cashing shareholders out.
Software technology investor Vista Equity Partners is the latest to announce an acquisition: Duck Creek Technology (NASDAQ: DCT) , a provider of software for the property and casualty (P&C) insurance industry. Lessons abound in this deal for investors trying to get ready for the next (eventual) bull market.
Duck Creek offers a suite of cloud software tools (data and apps housed in a remote data center, accessed via the internet) for insurance companies. Solutions include customer relationship management, record keeping, and insurance policy updates. What does Vista Equity Partners want with Duck Creek?
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Vista Equity Partners Is Buying a Fintech Stock -- What Investors Need to Know