Leading-edge technology provides core system for insurance data management
Duck Creek Technologies, a leading provider of core system cloud services and software to the global Property and Casualty industry, has announced the acquisition of Yodil, LLC, a pioneer in insurance data management solutions. The agreement further cements Duck Creek’s full suite market positioning.
Scale Finance’s Managing Director, Dave Gilroy, advised Yodil throughout the process.
Yodil is best known for its deep insurance analytics and business intelligence expertise. The Yodil Platform® offers a unique approach to the entire data management lifecycle. Using software management techniques, the Yodil Platform allows property and casualty carriers to manage all of their data with transparency and traceability, regardless of the source.
Together, Yodil’s innovative software and the Duck Creek Insights data and analytics platform will position carriers to harness all of their data, analyze their operations, and optimize market opportunities. This combination will also provide Duck Creek customers with a full suite of structured insurance data stores, from core system to warehouse to data mart.
“The combination of Duck Creek Insights with the Yodil Platform creates the data management standard for our industry,” noted Michael A. Jackowski, chief executive officer of Duck Creek Technologies. “Yodil’s great team of data experts and software engineers share our passion to provide the best technology to our customers.”
“Yodil’s vision has been to offer a core system for data,” said Frederick Waite, CEO of Yodil. “Being part of Duck Creek realizes that vision, and will empower carriers to gain accurate insights into their business from virtually all of the data resources they employ, internal and external.”
About Duck Creek Technologies
Duck Creek Technologies is a leading provider of comprehensive P&C insurance software and services for insurers of all sizes worldwide. Employing progressive technology, Duck Creek solutions enable insurers to optimize outcomes and enhance engagement through advanced digital and data capabilities and integrated functionality that can be delivered via the cloud or on premise. For more information, visit www.duckcreek.com
About Yodil, LLC
Yodil, LLC is a leading provider of Enterprise Data Management software, offering Business Intelligence (BI), Data Warehousing, Data Quality, and Data Governance solutions for property and casualty, workers compensation, and specialty lines of insurance. Yodil’s solutions increase the abilities of the insurance industry to provide actionable, accessible information for decision-support, insight, and reporting for all functional and operational areas including but not limited to: distribution channel management, marketing, underwriting, claims, reinsurance, actuarial, operations and finance. For more information, please visit www.yodil.com?.
About Scale Finance
Scale Finance LLC (www.scalefinance.com) provides contract CFO services, Controller solutions, and support in raising capital, or executing M&A transactions, to entrepreneurial companies. The firm specializes in cost-effective financial reporting, budgeting & forecasting, implementing controls, complex modeling, business valuations, and other financial management, and provides strategic help for companies raising growth capital or considering M&A/recapitalization opportunities. Most of the firm’s clients are growing technology, healthcare, business services, consumer, and industrial companies at various stages of development from start-up to tens of millions in annual revenue. Scale Finance has multiple offices in the Carolinas including Charlotte, Raleigh/Durham, Greensboro, and Wilmington with a team of more than 45 professionals serving more than 120 companies throughout the region.