Guidewire Software

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Guidewire Software
Type Public
Traded as NYSEGWRE
Industry Computer Software and Hardware
Founded 2001
Headquarters Foster City, California, United States
Products Computer software
Website http://www.guidewire.com/

Guidewire Software Inc., commonly just Guidewire, is based in Foster City, California. It offers core back-end software for property and casualty (P&C) insurance carriers in the U.S. and worldwide.[1]

In September 2011, Guidewire filed with the SEC to raise up to $100 million in an initial public offering (IPO) and first publicly traded on the NYSE in January 2012.[2] Guidewire was later cited as being one of the top IPOs of 2012,[3] even #1.[4]

The company has been cited as being among the 50 most desirable mid-size Bay Area companies (101 to 500 employees) to work for 2010-2012.[5]

Guidewire develops the Gosu programming language, which it released as open source in 2010.

Business model[edit]

The company was established in 2001 founded by six people: Ken Branson, James Kwak, John Raguin, and Marcus Ryu from Ariba (and McKinsey, where James and Marcus had met); and John Seybold and Mark Shaw from Kana Software. They are a recurring revenue software company as they sell term licenses. Its three main software products are ClaimCenter, PolicyCenter, and BillingCenter, each servicing a major component of a P&C insurance carrier.[1] There are also four add-on modules, Rating Management, Reinsurance Management, Client Data Management, and Standards-based Templates.

Software[edit]

Guidewire InsuranceSuite™ provides an end-to-end set of applications that support insurance operations: underwriting, policy administration, billing, and claims management. The company's InsuranceSuite applications are a set of common platform modules that cover the property and casualty insurance lifecycle and typically replace legacy systems developed internally by insurance carriers.

Competitors[edit]

Competitors include Accenture (Duck Creek), IBM, CodeObjects, Computer Sciences Corporation, eBaoTech Corporation, Insurity, ISCS, MajescoMastek, OneShield, StoneRiver, and Xuber.

References[edit]

  1. ^ a b "Guidewire Software, Inc.". Bloomberg Businessweek. December 24, 2010. Retrieved December 24, 2010. 
  2. ^ "Guidewire CEO 'exhilarated' after IPO success". 25 January 2012. 
  3. ^ "Bay Area's 2012 IPOs bring joy, pain". 18 December 2012. 
  4. ^ Mitroff, Sarah (19 December 2012). "9 Things 2012's Lousy IPO Market Showed Us". Wired. 
  5. ^ "bloomberg news". April 26, 2012. 

External links[edit]