Deal Timeline

Plotted by close date where disclosed, otherwise announcement. Select any marker to jump to the deal entry.

The Rationale That Repeats.

Three patterns show up across Guidewire Software's deal book — what the team buys, how it pays, and how it integrates. The patterns are the throughline; the deals below are the evidence.

01
Acquisition criteria
A pure-play P&C insurance software acquirer.
Every Guidewire acquisition serves Property & Casualty insurers exclusively — there are no diversifying or adjacent-industry deals. Management repeatedly frames each target around its "sole focus on the P/C insurance industry," from Millbrook's P&C data models to ISCS, which CEO Marcus Ryu described as "a software company focused exclusively on serving P&C insurers." The discipline keeps Guidewire's M&A tightly aligned with its single-vertical platform strategy.
CyenceISCSEagleEye AnalyticsHazardHubQuantee Sp. z o.o.
02
Capital deployment
Buying out the analytics and data layer around the core platform.
Beyond core systems, the bulk of Guidewire's deals add data and analytics that ride on top of its policy, billing, and claims suite — EagleEye Analytics (rebranded Guidewire Predictive Analytics), Cyence (cyber and emerging-risk modeling), HazardHub (API-driven property risk), Quantee (dynamic pricing), and Millbrook (data management and BI). The pattern steadily extends Guidewire from systems of record into systems of insight.
CyenceISCSEagleEye AnalyticsHazardHubQuantee Sp. z o.o.
03
Integration approach
A pivot toward cloud and a measured deal cadence.
The 2016–2017 cluster reshaped Guidewire's cloud posture: ISCS supplied the all-in-one cloud platform rebranded InsuranceNow, while Cyence and EagleEye brought SaaS analytics. Outside that wave, Guidewire acquires sparingly — roughly one tuck-in per active year — favoring smaller, technology-led targets (HazardHub at ~$53M, Quantee at ~$28M) over large transformational mergers, and folding each into existing product families rather than running them standalone.
CyenceISCSEagleEye AnalyticsHazardHubQuantee Sp. z o.o.

The Full Deal Book

5 acquisitions. Each entry carries the deal value, financing structure, target revenue, executive commentary, and the original SEC filing — the evidence behind the patterns above.

01 Cyence, Inc. · San Mateo, California, USA $260.3M
Announced Oct 2017 Closed Nov 2017 combination
data listeningcyber risk analyticsmachine learning risk modelingproduct management/actuarial/underwriting and enterprise risk management support

Cyence is a software company that applies data science and risk analytics to enable P&C insurers to grow by underwriting "21st century risks" such as cyber, reputation, and new forms of business interruption risk that have gone underinsured or uninsured. Its data listening and risk analytics solution combines internet-scale collection and curation of external data with machine learning and risk modeling. approximately $260.3 million aggregate consideration (approximately $146.6 million cash plus approximately $113.7 million in newly issued Guidewire common stock and options, net of certain adjustments).

Why it was attractive
  • Internet-scale data listening and machine-learning risk models extend Guidewire's analytics into fast-growing cyber and emerging-risk lines that traditional underwriting data cannot price
Cyence is an exceptional technology company that, like Guidewire, focuses on serving the strategic needs of the P&C industry. While Guidewire has focused on core operations, data management, and digital engagement, Cyence applies expertise in data science and machine learning to the modeling needs of insurance product design, pricing, and underwriting.Marcus Ryu — Co-Founder and CEO, Guidewire Software
02 ISCS, Inc. · USA $154.9M
Announced Dec 2016 Closed Feb 2017 all cash
cloud-based all-in-one core systempolicy administrationbillingclaims management

ISCS is a software company focused exclusively on serving P&C insurers. Its cloud-based, all-in-one transactional platform combines policy, billing, and claims management functionality, and was rebranded by Guidewire as InsuranceNow. approximately $154.9 million cash consideration, net of certain adjustments.

Why it was attractive
  • A proven cloud-native
  • all-in-one core system gave Guidewire an immediate cloud offering (InsuranceNow) for insurers wanting a single integrated platform with limited IT support
Like Guidewire, ISCS is a software company focused exclusively on serving P&C insurers. Their technology and expertise will enable us to provide a new option to our customers and augment our progress in delivering cloud-based products.Marcus Ryu — Chief Executive Officer, Guidewire Software
We look forward to joining Guidewire and continuing our mission of serving P&C insurers. The breadth of Guidewire's offerings and the scale of its organization will enable us to provide additional value to our customers.Andy Scurto — CEO and Founder, ISCS
03 EagleEye Analytics, Inc. · USA $39.5M
Announced Mar 2016 Closed Mar 2016 all cash
predictive analyticsclaims analyticsprofitability/ratemaking analyticsmodel building and deployment

EagleEye Analytics is a provider of SaaS-based predictive analytics products designed specifically for P&C insurers. Its products were renamed Guidewire Predictive Analytics and offered as part of Guidewire's Data and Analytics product family, supporting data preparation, model building, operational deployment, performance monitoring, and analytic feedback. approximately $39.5 million cash (per Guidewire's FY2016 Form 10-K cash-flow disclosure).

Why it was attractive
  • P&C-specific predictive models for claims severity
  • routing
  • ratemaking
  • and risk selection plugged directly into Guidewire's Data and Analytics family
We welcome the EagleEye team to Guidewire, where their expertise in Property/Casualty processes and data science will advance our mission of enabling insurers to adapt and succeed in a time of significant change. Their products, as with the others built by our Data and Analytics team, will leverage and further differentiate the capabilities of Guidewire's insurance platform.Marcus Ryu — Chief Executive Officer, Guidewire Software
04 HazardHub, Inc. · USA $53M
Announced Aug 2021 Closed Aug 2021 all cash
API-driven property risk datahazard scoringgeospatial risk analytics

HazardHub provides API-driven property risk insights to the P&C insurance industry through curation, analysis, and distillation of vast amounts of data to deliver a comprehensive, national catalog of risks that may damage or destroy property. approximately $53 million net cash consideration (including $8.2 million holdback subject to service conditions over three years).

Why it was attractive
  • A national
  • API-delivered property-risk catalog deepened Guidewire's data products and brought roughly 160 new customers
  • many outside its traditional insurer base
On August 18, 2021, the Company completed its acquisition of HazardHub, Inc. ("HazardHub") for net cash consideration of approximately $53 million, subject to customary transaction adjustments, including $8.2 million of acquisition consideration holdback subject to service conditions over the next three years. HazardHub provides API-driven property risk insights to the property and casualty insurance industry through curation, analysis, and distillation of vast amounts of data to deliver a comprehensive, national catalog of risks that may damage or destroy property.Guidewire FY2022 Form 10-K — Acquisitions note
05 Quantee Sp. z o.o. · Poland $27.9M
Announced Apr 2025 Closed Apr 2025 all cash
dynamic insurance pricing softwarereal-time rating analytics

Quantee is a Poland-based insurtech company specializing in dynamic pricing software for insurers. approximately $27.9 million net cash consideration (plus $6.4 million holdback subject to service conditions).

Why it was attractive
  • Dynamic
  • real-time pricing software strengthens Guidewire's rating and analytics stack for insurers
On April 16, 2025, the Company completed its acquisition of Quantee Sp. z o.o. ("Quantee"), a Poland-based insurtech company specializing in dynamic pricing software, for net cash consideration of approximately $27.9 million, subject to transaction adjustments to cover potential claims and indemnities after closing. Additionally, the Company awarded $6.4 million in holdback consideration subject to service conditions subsequent to closing.Guidewire FY2025 Form 10-K — Acquisitions note

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