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that's - 1 Monti - 1 Saroya - 1 That's - 1
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Vista Equity Partners - 1 doesn't - 1 Milken Institute Global - 1 Flagship Fund - 1 PE - 1 underwriters - 1

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3 mentions found


☆ Why Vista Equity Partners, one of Wall Street's most prominent tech investors, doesn't want its analysts using AI for due diligence
  + stars: | 2024-05-08 | by ( Bianca Chan | ) www.businessinsider.com   time to read: +2 min
Vista Equity Partners, the private equity giant that's known for its tech investing, doesn't want its analysts using generative AI for due diligence. "And we do want our humans to actually go and read the stuff that's important that's going to make billion-dollar decisions in the diligence side." Other private equity firms, like the Swedish giant EQT, have introduced generative AI to the due diligence process, BI previously reported. Vista Equity Partners, which is in the business of buying companies, improving them, and selling them for a profit, employs people whose sole job is to transform operations of portfolio companies and help them scale, Saroya said. He added that the firm created a reference guide for its portfolio companies, including the data, cloud, and other software providers needed to be successful, and partnered with those companies for the portfolio companies to use, where appropriate.
Persons: that's, Monti, Saroya, That's Organizations: Vista Equity Partners, doesn't, Milken Institute Global, Flagship Fund, PE, underwriters Locations: Asia
☆ Duck Creek Technologies surges more than 30% after reaching takeover deal with Vista
  + stars: | 2023-01-09 | by ( Jesse Pound | ) www.cnbc.com   time to read: +1 min
A person walks through the Wall Street subway station near the New York Stock Exchange (NYSE) in New York on May 27, 2022. Insurance tech company Duck Creek Technologies has reached a takeover deal with Vista Equity Partners, sending its stock soaring on Monday morning. Shares of Duck Creek surged more than 45% to hover just under the offer price in premarket trading. At its high watermark in February 2021, the Duck Creek closed above $59 per share. Duck Creek reported its fiscal first quarter results last week, showing revenue of $80.6 million and a net loss of $5.2 million.
☆ Karn Saroya's Web3 seed startup is creating a version of Lloyds of London for crypto. It was just valued at $100 million.
  + stars: | 2022-09-28 | by ( April Joyner | ) www.businessinsider.com   time to read: +4 min
The Web3 reinsurance company Re has raised $14 million from investors such as Tribe Capital. Now he's seeking to apply Web3 tools to make that industry, which is dominated by firms such as Munich Re and Lloyds of London, more accessible. The company participated in Tribe Capital's crypto incubator, Tribe Crypto Labs, and its other investors include Defy, Exor, Stratos, Framework, Morgan Creek Digital, and SiriusPoint. Cover started out as a search tool for insurance policies but then became an insurer in its own right. Like other financial products, such as mortgages and loans, insurance policies can be bundled up and sold as securities.
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