Guidewire Software

Guidewire
Public
Traded as NYSE: GWRE
Russell 1000 Component
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 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

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 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.[8]

Products

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

  1. 1 2 "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. ↑ "Acquisitions". Crunchbase. Retrieved 2018-09-11.


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