Duck Creek Technologies, Inc. (NasdaqGS:DCT) entered into a definitive agreement to acquire Imburse Ag from its founders and investors on January 5, 2023. As part of Duck Creek, Imburse will continue to serve its existing client base and markets, and will continue to be available on a stand-alone basis and will also be fully integrated with Duck Creek's suite of technology solutions. Duck Creek Technologies expect to account for the acquisition as a business combination. The acquisition remains subject to customary closing conditions and is expected to close during the second fiscal quarter of 2023. Ann Beth Stebbins of Skadden represented Duck Creek Technologies, Inc. Christoph Neeracher, Elisabeth Rinderknecht, Yascha Fengler, Djawad Kleist and Leander Knapp of Bär & Karrer acted as Swiss legal advisor to Duck Creek Technologies in this transaction.

Duck Creek Technologies, Inc. (NasdaqGS:DCT) acquired Imburse Ag from its founders and investors on January 31, 2023.