Guidewire Software

Guidewire
Public
Traded as NYSE: GWRE
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]

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.[3] Guidewire was later cited as being one of the top IPOs of 2012,[4] even #1.[5]

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, [6] and was in the "Top 50 Large Companies" in the Glassdoor Best places to work for both 2015 and 2016.[7]

Guidewire develops the Gosu programming language, it released as open source in 2010.

Business model

The company was established in 2001 founded by six people: 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. 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.

Software

Guidewire Insurance Suite™ provides an end-to-end set of applications that support insurance operations: underwriting, policy administration, billing, and claims management. The Insurance Suite applications are a set of common platform modules that cover the property and casualty insurance life cycle and typically replace legacy systems developed internally by insurance carriers...

Competitors

Competitors include Duck Creek Technologies, IBM, CodeObjects, Computer Sciences Corporation, eBaoTech Corporation, Insurity, ISCS, EPAM, Majesco, OneShield, Socotra, StoneRiver, ValueMomentum, NTT DATA (NDFS - FirstGen, FirstRE and FirstLife), Xuber,FINEOS Corporation , Capgemini and NIIT Technologies - Advantage Suite

References

  1. 1 2 "Guidewire Software, Inc.". Bloomberg Businessweek. December 24, 2010. Retrieved December 24, 2010.
  2. ↑ Guidewire Live
  3. ↑ "Guidewire CEO 'exhilarated' after IPO success". 25 January 2012.
  4. ↑ "Bay Area's 2012 IPOs bring joy, pain". 18 December 2012.
  5. ↑ Mitroff, Sarah (19 December 2012). "9 Things 2012's Lousy IPO Market Showed Us". Wired.
  6. ↑ "bloomberg news". April 26, 2012.
  7. ↑ "Glassdoor's Employees' Choice Awards 2016". December 15, 2015.

External links


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