Funds advised by Apax Partners, a private equity firm, have agreed to acquire Agencyport, a provider of digital distribution technology for the property and casualty insurance industry.
The acquisition comes just weeks after Apax acquired a 60% stake in Duck Creek, an insurance core systems provider, from Accenture. Apax and Accenture will operate Duck Creek as a joint venture, and the goal is to combine Agencyport's distribution capabilities with Duck Creek's platform.
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