Guidewire Software

From Wikipedia, the free encyclopedia
Jump to navigation Jump to search
Guidewire Software, Inc.
TypePublic
NYSEGWRE
Russell 1000 Component
IndustryP&C Insurance Software
Founded2001
Founders
  • Marcus Ryu
  • John Seybold
  • Ken Branson
  • John Raguin
  • James Kwak
  • Mark Shaw
Headquarters,
United States
Key people
  • Mike Rosenbaum (CEO)
  • Marcus Ryu (Chairman)
Products
  • InsuranceSuite (PolicyCenter, BillingCenter, ClaimCenter)
  • InsuranceNow
  • Analytics (Predictive Analytics, Risk Insights, Business Intelligence)
  • Guidewire Cloud
Websitewww.guidewire.com

Guidewire Software, Inc., commonly Guidewire, is an American software company based in San Mateo, California. It offers an industry platform for property and casualty (P&C) insurance carriers in the U.S. and worldwide.[1]

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,[2] and was in the "Top 50 Large Companies" in Glassdoor's Best Places To Work for both 2015 and 2016.[3]

History[edit]

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.[4] Guidewire was later cited as being one of the top IPOs of 2012,[5] even #1.[6]

In 2011, Guidewire settled a patent related lawsuit with Accenture regarding their claims management software.[7]

In 2013, Guidewire acquired Millbrook, Inc., a business intelligence company.[8] In 2016, Guidewire acquired ISCS (cloud computing),[9] FirstBest (underwriting)[10] and EagleEye Analytics.[11] In 2017, Guidewire acquired Cyence, a cyber insurance company.[12]

On August 5, 2019, Guidewire appointed Mike Rosenbaum as CEO.[13][14]

Products[edit]

Guidewire is a recurring revenue software company as it sells term licenses. The company also sells its software as a service on a subscription revenue basis. Its three main software products are ClaimCenter, PolicyCenter, and BillingCenter, each servicing a major component of a P&C insurance carrier.[1] There are a number of add-on modules, as well as an increasing number of value-added online services provided via Guidewire Analytics and Guidewire Marketplace. Guidewire develops the Gosu programming language, released as open source in 2010.

References[edit]

  1. ^ a b "Guidewire Software, Inc". Bloomberg Businessweek. December 24, 2010. Retrieved December 24, 2010. CS1 maint: discouraged parameter (link)
  2. ^ "bloomberg news". April 26, 2012. Archived from the original on February 2, 2014. Retrieved November 18, 2012.
  3. ^ "Glassdoor's Employees' Choice Awards 2016". December 15, 2015.
  4. ^ "Guidewire CEO 'exhilarated' after IPO success". 25 January 2012.
  5. ^ "Bay Area's 2012 IPOs bring joy, pain". 18 December 2012.
  6. ^ Mitroff, Sarah (19 December 2012). "9 Things 2012's Lousy IPO Market Showed Us". Wired.
  7. ^ "Accenture and Guidewire Software, Inc. Settle Patent Lawsuits". 11 October 2011.
  8. ^ "Guidewire buys data management company Millbrook". www.bizjournals.com. Retrieved 2020-12-21.
  9. ^ "Guidewire to Acquire Insurance Cloud Software Firm ISCS for $160 Million". Insurance Journal. 2016-12-20. Retrieved 2020-12-21.
  10. ^ Gagliordi, Natalie. "Guidewire to acquire FirstBest to bolster industry cloud". ZDNet. Retrieved 2020-12-21.
  11. ^ Dignan, Larry. "Guidewire acquires Eagle Eye, expands analytics tools for insurers". ZDNet. Retrieved 2020-12-21.
  12. ^ "Acquisitions". Crunchbase. Retrieved 2018-09-11. CS1 maint: discouraged parameter (link)
  13. ^ "Guidewire Appoints Mike Rosenbaum as CEO". August 5, 2019.
  14. ^ Condon, Stephanie. "Guidewire hires former Salesforce exec as new CEO". ZDNet. Retrieved 2020-05-28.

External links[edit]