Guidewire Software

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{{Infobox company

| name = Guidewire Software, Inc.

| logo = Guidewire Software logo.png

| image = 970 Park Place.jpg

| image_caption = Headquarters in San Mateo, California

| type = Public

| traded_as = {{ubl|class=nowrap|{{NYSE|GWRE}}|S&P 400 component}}

| founders = {{ubl|Marcus Ryu|John Seybold|Ken Branson|John Raguin|James Kwak|Mark Shaw}}

| founded = {{Start date and age|2001}}

| hq_location_city = San Mateo, California

| hq_location_country = U.S.

| key_people = {{ubl|Mike Rosenbaum (CEO)|Michael Keller (Chairman)}}

| industry = P&C Insurance Software

| products = {{hlist| InsuranceSuite (PolicyCenter, BillingCenter, ClaimCenter)|InsuranceNow|Analytics (Predictive Analytics, Risk Insights, Business Intelligence)|Guidewire Cloud}}

| num_employees = 3,469 (2024){{Cite web |url=https://www.sec.gov/ix?doc=/Archives/edgar/data/1528396/000152839624000105/gwre-20240731.htm |title=FY 2024 Annual Report (Form 10-K) |date=September 16, 2024 |publisher=U.S. Securities and Exchange Commission}}

| revenue = {{Increase}} {{US$|980 million|link=yes}} (2024)

| website = {{url|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.{{Cite web | title = Guidewire Software, Inc. | publisher = Bloomberg Businessweek | date = December 24, 2010 | url = http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=2829085 | archive-url = https://web.archive.org/web/20121015142807/http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=2829085 | url-status = dead | archive-date = October 15, 2012 | accessdate = December 24, 2010}}

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.{{cite news|url = http://www.bizjournals.com/sanjose/blog/2012/01/guidewire-ceo-exhilarated-after-ipo.html |title = Guidewire CEO 'exhilarated' after IPO success |date = 25 January 2012}} Guidewire was later cited as being one of the top IPOs of 2012,{{cite news|url = http://www.bizjournals.com/sanfrancisco/blog/2012/12/bay-areas-2012-ipos-bring-joy-pain.html |title = Bay Area's 2012 IPOs bring joy, pain |date = 18 December 2012}} even #1.{{cite magazine|url = https://www.wired.com/business/2012/12/2012s-ipos/ |title = 9 Things 2012's Lousy IPO Market Showed Us |date = 19 December 2012 | magazine=Wired |first=Sarah |last=Mitroff}}

In 2011, Guidewire settled a patent related lawsuit with Accenture regarding their claims management software.{{cite news|url = https://newsroom.accenture.com/subjects/it-strategy/accenture-and-guidewire-software-inc-settle-patent-lawsuits.htm#targetText=Guidewire%20has%20agreed%20to%20pay,agreed%20to%20cross%20license%20patents|title = Accenture and Guidewire Software, Inc. Settle Patent Lawsuits |date = 11 October 2011 }}

In 2013, Guidewire acquired Millbrook, Inc., a business intelligence company.{{Cite web|last=|first=|date=|title=Guidewire buys data management company Millbrook|url=https://www.bizjournals.com/sanjose/news/2013/05/14/guidewire-buys-data-company-millbrook.html|access-date=2020-12-21|website=www.bizjournals.com}} In 2016, Guidewire acquired ISCS (cloud computing),{{Cite web|date=2016-12-20|title=Guidewire to Acquire Insurance Cloud Software Firm ISCS for $160 Million|url=https://www.insurancejournal.com/news/national/2016/12/19/435997.htm|access-date=2020-12-21|website=Insurance Journal|language=en-US}} FirstBest (underwriting){{Cite web|last=Gagliordi|first=Natalie|title=Guidewire to acquire FirstBest to bolster industry cloud|url=https://www.zdnet.com/article/guidewire-to-acquire-firstbest-to-bolster-industry-cloud/|access-date=2020-12-21|website=ZDNet|language=en}} and EagleEye Analytics.{{Cite web|last=Dignan|first=Larry|title=Guidewire acquires Eagle Eye, expands analytics tools for insurers|url=https://www.zdnet.com/article/guidewire-acquires-eagle-eye-expands-analytics-tools-for-insurers/|access-date=2020-12-21|website=ZDNet|language=en}} In 2017, Guidewire acquired Cyence, a data science and risk analytics company enabling P&C insurers to grow.{{Cite web |title=Guidewire to Acquire Cyence |url=https://www.guidewire.com/about-us/news-and-events/press-releases/20171006/guidewire-acquire-cyence/ |access-date=2022-08-16 |website=www.guidewire.com |language=en-US}}

On August 5, 2019, Guidewire appointed Mike Rosenbaum as CEO.{{Cite web|title=Guidewire Appoints Mike Rosenbaum as CEO|url=https://www.guidewire.com/about-us/news-and-events/press-releases/20190805/guidewire-appoints-mike-rosenbaum-ceo-marcus-ryu/|language=en|date=August 5, 2019}}{{Cite web|title=Guidewire hires former Salesforce exec as new CEO|url=https://www.zdnet.com/article/guidewire-hires-former-salesforce-exec-as-new-ceo/|last=Condon|first=Stephanie|website=ZDNet|language=en|access-date=2020-05-28}}

In March 2023, Guidewire executed a sublease agreement to exchange headquarters with Roblox Corporation, another software company in San Mateo. Guidewire will move into and assume the remaining lease term for the Roblox headquarters at 970 Park Place, near the Franklin Templeton campus; Roblox will assume Guidewire's remaining lease term for Bay Meadows Station 2 at 2850 Delaware Street.{{cite web |url=https://ir.guidewire.com/static-files/ac25c378-7529-46e8-ba08-a2a220b3a941 |title=Form 8-K |publisher=Guidewire Software, Inc. |date=March 3, 2023 |access-date=23 October 2023}}

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,{{cite news |url = http://origin-www.bloomberg.com/apps/news?pid=conewsstory&tkr=GWRE:US&sid=alxPTymOehvI |title = bloomberg news |date = April 26, 2012 |access-date = November 18, 2012 |archive-url = https://web.archive.org/web/20140202144822/http://origin-www.bloomberg.com/apps/news?pid=conewsstory&tkr=GWRE:US&sid=alxPTymOehvI |archive-date = February 2, 2014 |url-status = dead }} and was in the "Top 50 Large Companies" in Glassdoor's Best Places To Work for both 2015 and 2016.{{cite news|url = https://www.glassdoor.com/Best-Places-to-Work-LST_KQ0,19.htm |title = Glassdoor's Employees' Choice Awards 2016 | date = December 15, 2015}}

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 also develops the Gosu programming language.