|Traded as||NYSE: GWRE|
Russell 1000 Component
|Industry||Computer Software and Hardware|
Guidewire Software Inc., commonly Guidewire, is a software publisher based in San Mateo, California. It offers an industry platform for property and casualty (P&C) insurance carriers in the U.S. and worldwide.
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, and was in the "Top 50 Large Companies" in the Glassdoor Best places to work for both 2015 and 2016.
The company was established in 2001 and founded by: 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. 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. Guidewire was later cited as being one of the top IPOs of 2012, even #1.
In 2011, Guidewire settled a patent related lawsuit with Accenture regarding their claims management software.
In 2013, Guidewire acquired Millbrook, Inc., a business intelligence company. In 2016, Guidewire acquired ISCS (cloud computing), FirstBest (underwriting) and EagleEye Analytics. In 2017, Guidewire acquired Cyence, a cyber insurance company.
On August 5, 2019 Guidewire appointed Michael Rosenbaum as CEO.
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. There are a number of add-on modules, as well as an increasing number of value-added online services provided via Guidewire Live. Guidewire develops the Gosu programming language, it released as open source in 2010.
- "Guidewire Software, Inc". Bloomberg Businessweek. December 24, 2010. Retrieved December 24, 2010.
- "bloomberg news". April 26, 2012. Archived from the original on February 2, 2014. Retrieved November 18, 2012.
- "Glassdoor's Employees' Choice Awards 2016". December 15, 2015.
- "Guidewire CEO 'exhilarated' after IPO success". 25 January 2012.
- "Bay Area's 2012 IPOs bring joy, pain". 18 December 2012.
- Mitroff, Sarah (19 December 2012). "9 Things 2012's Lousy IPO Market Showed Us". Wired.
- "Accenture and Guidewire Software, Inc. Settle Patent Lawsuits". 11 October 2011.
- "Acquisitions". Crunchbase. Retrieved 2018-09-11.
|This United States software corporation or company article is a stub. You can help Wikipedia by expanding it.|