Guidewire Software

From Wikipedia, the free encyclopedia
Jump to navigation Jump to search
Guidewire
Public
Traded asNYSEGWRE
Russell 1000 Component
IndustryComputer Software and Hardware
Founded2001
Headquarters,
United States
ProductsComputer software
Websitehttp://www.guidewire.com/

Guidewire Software Inc., commonly Guidewire, is a software publisher 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] as well as the Guidewire Live suite of online analytics services for P&C insurers.[2]

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, [3] and was in the "Top 50 Large Companies" in the Glassdoor Best places to work for both 2015 and 2016.[4]

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.[5] Guidewire was later cited as being one of the top IPOs of 2012,[6] even #1.[7]

In 2011, Guidewire settled a patent related lawsuit with Accenture regarding their insurance claims management software.[8]

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.[9]

Products[edit]

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 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.

References[edit]

  1. ^ a b "Guidewire Software, Inc". Bloomberg Businessweek. December 24, 2010. Retrieved December 24, 2010.
  2. ^ Guidewire Live
  3. ^ "bloomberg news". April 26, 2012.
  4. ^ "Glassdoor's Employees' Choice Awards 2016". December 15, 2015.
  5. ^ "Guidewire CEO 'exhilarated' after IPO success". 25 January 2012.
  6. ^ "Bay Area's 2012 IPOs bring joy, pain". 18 December 2012.
  7. ^ Mitroff, Sarah (19 December 2012). "9 Things 2012's Lousy IPO Market Showed Us". Wired.
  8. ^ "Accenture and Guidewire Software, Inc. Settle Patent Lawsuits". October 18, 2011.
  9. ^ "Acquisitions". Crunchbase. Retrieved 2018-09-11.

External links[edit]