Guidewire Software acquired Millbrook, Inc., a transaction completed in May 2013.
Millbrook, Inc. operates in Data management and business intelligence, is based in USA. Millbrook is a provider of data management and business intelligence (BI) solutions for P&C insurers, with 16 years developing data models and solutions optimized for P&C insurance. Its technology helps customers accelerate legacy core-system replacement and improve management of operational data across policy, billing, and claims.
Providing data management and business intelligence capabilities is a complement to the core systems Guidewire already provides, helping reduce the cost, risk, and duration of legacy system replacement initiatives.
Sixteen years of P&C-specific data models and BI tooling addressed a common inhibitor to legacy core-system replacement. Integrated into Guidewire's data offerings.
We welcome the Millbrook team and look forward to their contributions to our mission of enabling P/C insurers to transform their businesses and improve service to their policyholders. The Millbrook team shares our sole focus on the P/C insurance industry and our foremost commitment to customer success.Marcus Ryu, Chief Executive Officer, Guidewire Software
I am proud of our track record and would like to thank the loyal Millbrook customers that supported our success as well as our dedicated employees who have an intimate understanding of P/C data management. We are excited to bring our technology and expertise to Guidewire.John Search, Co-Founder, Millbrook
Advisory firms were not disclosed for this transaction.