Quick Take
Duck Creek Technologies (DCT) has filed to raise $200 million in an IPO of its common stock, according to an S-1 registration statement.
The firm provides property and casualty (P&C) insurance companies with a SaaS delivered suite of software solutions.
DCT has produced strong revenue growth and appears to be making a turn toward operating breakeven. Industry growth prospects are significant.
I’ll provide an update when we learn more about the IPO from management.
Company & Technology
Boston, Massachusetts-based Duck Creek was founded to develop an online platform that provides