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Duck Creek™ Announces Acquisition of Duck Creek Europe

Acquisition seals partnership already in place; allows for continued growth in the European market.

BOLIVAR MO—July 14, 2010 /PRNewswire/ -- Duck Creek Technologies, Inc., a provider of innovative software and services to the insurance industry, announced today its expansion through the completed acquisition of Duck Creek Technologies Europe Ltd. (Duck Creek Europe).

Duck Creek Europe was founded in 2007 to introduce Duck Creek’s modern rating, policy administration and billing solutions to the European insurance industry. The two entities have worked closely together during Duck Creek Europe’s start-up phase, collaborating on both product development and delivery. Over the past two years, Duck Creek Europe has gained significant market traction, signing six customers including AXA UK, one of the largest carriers in Europe, as well as two other tier-1 carriers.

"We’ve found that European carriers are facing the same challenges as our US and Canadian customers. They must have the ability to adapt quickly to market changes and new opportunities," stated Steve Hall, Duck Creek’s President and CEO. "Our solutions are a great match for their needs, whether they are start-ups or established carriers processing billion-dollar books of business."

AXA UK selected Duck Creek’s policy administration and billing solutions to replace its legacy Commercial Lines system. "We wanted an off-the-shelf solution that provided us with both flexibility and speed to market," said Morgan Spillane, IT and Change Management Director for AXA. "We also wanted a partner who could collaborate with us in an agile delivery model, and Duck Creek met all of these needs. This acquisition will help strengthen our relationship."

"I’m proud of the work that the Duck Creek teams have done to move forward as a united corporation. We have worked closely together for the last three years and know this will be a seamless transition," stated Tony O’Halloran, Managing Director of Duck Creek Europe. "We look forward to our continued success."

About Duck Creek Technologies®
Duck Creek Technologies, Inc. is a leading provider of software and services to the insurance industry, providing next-generation policy administration, product configuration and definition, billing, and rating for the Property & Casualty and Healthcare insurance markets. Duck Creek™ is dedicated to enabling customers to develop insurance products and to sell and service those products in their chosen markets with unprecedented speed to market, flexibility, reach and quality. Founded in 2000, Duck Creek is headquartered in Bolivar, Missouri, and has multiple offices within the United States and its subsidiary, Duck Creek Technologies Europe Ltd, has an office in the UK.

For more information, visit www.duckcreektech.com or call 866-382-5832.

Contact:
Nancy Hines
803.935.9331
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© 2010. Duck Creek Technologies, Inc. All Rights Reserved.

Duck Creek Technologies Receives Strong Review from Novarica

Calls the Duck Creek Policy Administration™ system a "highly flexible and configurable policy administration solution."

BOLIVAR MO, July 7, 2010 /PRNewswire/ -- Duck Creek Technologies, Inc., a provider of innovative software and services for the insurance industry, announced today that the company’s policy administration system has been reported as being one of the leading solutions available from a technology and functionality perspective in a June, 2010 vendor review by Novarica.

Calling the Duck Creek Policy Administration system "an impressively intuitive solution that supports personal, commercial and specialty lines while offering one of the best UIs for all types of users (internal, external, administrators)," the Novarica report goes on to list some of the additional strengths of the system – tools to maintain rules and other configured items and the availability of pre-built functionality and product templates that dramatically reduce project effort and risk.

Pitney Bowes Business Insight and Duck Creek Technologies Form Partnership to Deliver Enhanced Policy Administration Solution 

Joint Solution Enables Insurance Carriers to Improve Underwriting Operations with More Productive, Cost-Effective and Error-Proof Processing

ACORD LOMA Insurance Systems Forum—LAS VEGAS, NV (May 24 2010) – Pitney Bowes Business Insight  and Duck Creek Technologies, Inc. today announced that they are partnering to offer a comprehensive policy administration solution. The integrated solution enables carriers to enhance underwriting operations through more productive, cost-effective and error-proof policy processing. The two companies will be demonstrating the joint solution at Booth #653 at the ACORD LOMA Insurance Systems Forum, to be held May 24-26 at the Mandalay Bay Resort & Casino in Las Vegas, NV.

The integrated offering ties together Pitney Bowes Business Insight’s Spectrum™ Data Quality Platform and Location Intelligence solutions with the Duck Creek Policy Administration™ product. This powerful combination provides carriers with customer information validation, data enrichment and geo-spatial analysis—all in a single API called directly from the Duck Creek™ user interface and entirely transparent to the business user.

Hyland Software and Duck Creek Technologies Form Partnership

Brings together best-of-its-kind insurance document and process management and policy administration software 

CLEVELAND – June 8, 2010 – Complex process problems require the right technologies to solve them. Take the insurance new business process, for example. Here, scanning and attaching documents isn’t enough. Insurers need enterprise content management (ECM), with its ability to handle processes and the content that goes with them, alongside their core systems. With this technology matchup, they get the results they’re looking for, such as automating exceptions and integrating content with e-mail. To offer insurers these benefits and more, Hyland Software and Duck Creek Technologies, Inc. have formed a partnership.