Guidewire Software, Inc., commonly ''Guidewire'', is an American software company based in

San Mateo, California San Mateo ( ; ) is a city in San Mateo County, California, on the San Francisco Peninsula. About 20 miles (32 km) south of San Francisco, the city borders Burlingame to the north, Hillsborough to the west, San Francisco Bay and Foster C ...

. It offers an industry platform for property and casualty (P&C)

insurance Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge ...

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

Glassdoor Glassdoor is an American website where current and former employees anonymously review companies. Headquartered in San Francisco, California, it has additional offices in Chicago, Dublin, London, and São Paulo. Glassdoor also allows its users to ...

's Best Places To Work for both 2015 and 2016.

History

The company was established in 2001 and founded by: Ken Branson,

James Kwak James Kwak (born 1969) is a Professor of Law at the University of Connecticut School of Law, best known as co-founder, with Simon Johnson, in September 2008, of the economics blog "The Baseline Scenario", a commentary on developments in the global ...

, John Raguin, and Marcus Ryu from

Ariba SAP Ariba is an American software and information technology services company located in Palo Alto, California. It was acquired by German software maker SAP SE for $4.3 billion in 2012. Company beginnings Ariba (now SAP Ariba) was founded in ...

(and

McKinsey McKinsey & Company is a global management consulting firm founded in 1926 by University of Chicago professor James O. McKinsey, that offers professional services to corporations, governments, and other organizations. McKinsey is the oldest and ...

, 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 Business intelligence (BI) comprises the strategies and technologies used by enterprises for the data analysis and management of business information. Common functions of business intelligence technologies include reporting, online analytical pr ...

company. In 2016, Guidewire acquired ISCS (

cloud computing Cloud computing is the on-demand availability of computer system resources, especially data storage ( cloud storage) and computing power, without direct active management by the user. Large clouds often have functions distributed over mul ...

), FirstBest (

underwriting Underwriting (UW) services are provided by some large financial institutions, such as banks, insurance companies and investment houses, whereby they guarantee payment in case of damage or financial loss and accept the financial risk for liabilit ...

) and EagleEye Analytics. In 2017, Guidewire acquired Cyence, a

cyber insurance Cyber-insurance is a specialty insurance product intended to protect businesses from Internet-based risks, and more generally from risks relating to information technology infrastructure and activities. Risks of this nature are typically excluded ...

company. On August 5, 2019, Guidewire appointed Mike Rosenbaum as CEO.

Products

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. 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

External links

* Customer relationship management software companies Software companies based in the San Francisco Bay Area Software companies established in 2001 Companies based in San Mateo, California Companies listed on the New York Stock Exchange 2012 initial public offerings Software companies of the United States 2001 establishments in California American companies established in 2001 {{US-software-company-stub