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

San Mateo, California San Mateo ( ) is the most populous city in San Mateo County, California, United States, on the San Francisco Peninsula. It is part of the San Francisco Bay Area metropolitan region, and is located about south of San Francisco. San Mateo border ...

. 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 protect ...

carriers in the U.S. and worldwide.

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. 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) consists of strategies, methodologies, and technologies used by enterprises for data analysis and management of business information. Common functions of BI technologies include Financial reporting, reporting, online an ...

company. In 2016, Guidewire acquired ISCS (

cloud computing Cloud computing is "a paradigm for enabling network access to a scalable and elastic pool of shareable physical or virtual resources with self-service provisioning and administration on-demand," according to International Organization for ...

), 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 liability ...

) and EagleEye Analytics. In 2017, Guidewire acquired Cyence, a data science and risk analytics company enabling P&C insurers to grow. On August 5, 2019, Guidewire appointed Mike Rosenbaum as CEO. 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 Franklin Resources, Inc. is an American multinational investment management holding company that, together with its subsidiaries, is referred to as Franklin Templeton; it is a global investment firm founded in New York City in 1947 as Franklin ...

campus; Roblox will assume Guidewire's remaining lease term for Bay Meadows Station 2 at 2850 Delaware Street. 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's Best Places To Work for both 2015 and 2016.

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.

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 in the S&P 400 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