Guidewire to go for IPO?
According to Reuters Guidewire Software (San Mateo, CA, USA) has chosen JPMorgan Chase & Co (JPM.N) and Deutsche Bank (DBKGn.DE) as underwriters to a coming IPO.
Guidewire provides core systems for insurance companies. The system suite spans the entire property/casualty (P/C) insurance lifecycle—underwriting, policy administration, billing, claims, and reinsurance management. The customer value proposition is to replace the legacy core systems of insurance companies with a Cloud BAsed , thereby bringing down the cost of IT operations.
The IPO is most likely going to boost Guidewires’ international expansion. In May this year Guidewire appointed Stephen Butcher as Vice President for the EMEA region. Butcher is based in the UK and has been charted with growth objectives for the UK and continental Europe.
All Guidewire applications are built on a shared technology platform designed and built to meet the specific needs of the insurance industry. Guidewire applications are built in Java and conform to the J2EE standard. A 100% web client ensures that no software must be installed on end-user desktops. Web service APIs enable Guidewire applications to integrate seamlessly into a services-oriented architecture and interact with any other applications in any technology.
Guidewire is headquartered in San Mateo, California, with offices in Dublin, Hong Kong, London, Munich, Paris, Sydney, Tokyo, and Toronto.