M&A Deal Summary

Guidewire Acquires Cyence

On October 6, 2017, Guidewire acquired internet software and services company Cyence for 275M USD

Acquisition Highlights
  • This is Guidewire’s 3rd transaction in the Internet Software and Services sector.
  • This is Guidewire’s largest (disclosed) transaction.
  • This is Guidewire’s 5th transaction in the United States.
  • This is Guidewire’s 2nd transaction in California.

M&A Deal Summary
Date 2017-10-06
Target Cyence
Sector Internet Software and Services
Buyer(s) Guidewire
Deal Type Add-on Acquisition
Deal Value 275M USD

Target

Cyence

San Mateo, California, United States
website
Cyence, Inc. is a provider of comprehensive platform for the economic modeling of cyber risk. Cyence is based in San Mateo, California.

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Buyer(S) 1

Buyer

Guidewire

San Mateo, California, United States

website

Category Company
Founded 2001
Sector Software
Employees2,816
Revenue 742M USD (2020)
DESCRIPTION

Guidewire is a provider of technology solutions to property and casualty insurance and workers' compensation insurers. Guidewire delivers proven software to run core insurance operations, including billing, underwriting, policy administration, and claim management. Guidewire was founded in 2001 and is based in San Mateo, California.

DEAL STATS #
Overall 5 of 6
Sector (Internet Software and Services) 3 of 3
Type (Add-on Acquisition) 5 of 6
State (California) 2 of 3
Country (United States) 5 of 6
Year (2017) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-19 ISCS

San Jose, California, United States

ISCS, Inc. is a provider of a cloud-based insurance processing platform, a primary driver of business success for P&C insurers now and in the future.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-19 HazardHub

San Diego, California, United States

HazardHub is a provider of property hazard data and risk scores in the U.S. HazardHub deliver an innovative offering that models complex natural and manmade phenomena to drive decisions that benefit insurers and insureds. HazardHub was founded in 2016 and is based in San Diego, California.

Buy -
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