Type Public Products Computer software Founded 2001 | Traded as NYSE: GWRE CEO Marcus Ryu (1 Oct 2010–) | |
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Industry Computer Software and Hardware Stock price GWRE (NYSE) US$ 57.78 +0.11 (+0.19%)10 Mar, 4:02 PM GMT-5 - Disclaimer Headquarters Foster City, California, United States Founders Marcus Ryu, Ken Branson, John Raguin, Mark Shaw, John Seybold, James Kwak Subsidiaries FirstBest Systems, Inc., Millbrook, Inc., Igloo Acquisition Sub, Inc.,, ISCS, Inc., EagleEye Analytics, Inc. Profiles | ||
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, as well as the Guidewire Live suite of online analytics services for P&C insurers.
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.
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 the Glassdoor Best places to work for both 2015 and 2016.
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. There are a number of add-on modules, as well as an increasing number of value-added online services provided via Guidewire Live.