Duck Creek to acquire Imburse Payments
P&C software company Duck Creek Technologies is planning to acquire Imburse , a Swiss-based modern payments platform.
Imburse’s cloud-native software-as-a-service (SaaS) payment solution is built for the insurance industry. It enables insurance carriers to quickly connect to the entire payments ecosystem at a lower cost, seamlessly integrate with existing finance infrastructure and processes, and manage multiple partners for collections and disbursements, all in one place.
As part of Duck Creek, Imburse, which was founded in 2018, is a team of ~60 and has raised $16.7 million, will continue to serve its existing client base and markets, while accelerating expansion plans for new clients across Europe and into North America and Asia-Pacific. The Imburse platform will continue to be available on a stand-alone basis and will also be fully integrated with Duck Creek’s suite of technology solutions, further enabling carriers’ digital transformation goals with modern tools.
“Imburse has developed a great product for the global insurance industry that is not only easy to integrate and implement, but also gives carriers incredible flexibility and payment choices. Imburse has a strong team that embodies Duck Creek’s core values. They have deep expertise across the payments ecosystem and will help to broaden Duck Creek’s insurance industry leadership.” – Mike Jackowski, CEO of Duck Creek Technologies.
“Being part of Duck Creek will further accelerate our mission to simplify how businesses around the world access the global payments ecosystem. We are excited to be part of Duck Creek and to work jointly to deliver modern technology innovations that transform the insurance industry for the future.” – Oliver Werneyer, CEO of Imburse.