UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 10, 2013
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Guidewire Software, Inc.
(Exact name of registrant as specified in its charter)
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Delaware | 001-35394 | 36-4468504 | ||
(State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) | ||
1001 East Hillsdale Blvd., Suite 800
Foster City, CA 94404
(Address of principal executive offices, including zip code)
(650) 357-9100
(Registrant’s telephone number, including area code)
Not applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
q | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
q | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
q | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
q | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 8.01 | Other Events. |
On May 10, 2013, Guidewire Software, Inc. (the “Company”) acquired Millbrook, Inc., a provider of data management and business intelligence solutions for Property / Casualty insurers.
On May 13, 2013, the Company issued a press release regarding the acquisition of Millbrook, Inc. A copy of the press release is attached as Exhibit 99.1 hereto.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. | Description of Exhibits | |
99.1 | Press release dated May 13, 2013, titled “Guidewire Software Acquires Millbrook” | |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: May 13, 2013
GUIDEWIRE SOFTWARE, INC. | |
By: | /s/ Karen Blasing |
Karen Blasing | |
Chief Financial Officer | |
EXHIBIT INDEX
Exhibit No. | Description of Exhibits | |
99.1 | Press release dated May 13, 2013, titled “Guidewire Software Acquires Millbrook” | |
Exhibit 99.1
Guidewire Software Acquires Millbrook
Acquisition enables Guidewire to better serve Property/Casualty insurers' data management and business intelligence needs
FOSTER CITY, Calif., May 13, 2013 - Guidewire Software, Inc. (NYSE: GWRE), a provider of software products for Property/Casualty (P/C) insurers, today announced it has acquired Millbrook, Inc., a provider of data management and business intelligence (BI) solutions for P/C insurers. The addition of Millbrook's technology will enable Guidewire customers to accelerate replacement of their legacy core systems and to improve management of operational data in their policy, billing, and claims functions.
Guidewire provides a proven software suite enabling P/C insurers to replace legacy core system environments that constrain their business ambitions. A modern data management infrastructure can enhance the benefits while reducing the cost, risk, and duration of legacy system replacement initiatives. To this end, the Millbrook team has invested 16 years developing data models and solutions for data management and business intelligence optimized for P/C insurance.
“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,” said Marcus Ryu, chief executive officer, Guidewire Software. “The Millbrook team shares our sole focus on the P/C insurance industry and our foremost commitment to customer success.”
“We are very excited about this acquisition from a solution perspective,” said Neil Betteridge, vice president, Strategy, Guidewire Software. “Data challenges are often viewed as significant inhibitors to legacy system replacement and business transformation. Providing data management and business intelligence capabilities is an ideal complement to the core systems we already provide.”
“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,” said John Search, co-founder, Millbrook and senior consulting director, Guidewire Software. “Our past work with mutual customers has shown our ability to deliver significant benefits using both companies' products together.”
Guidewire does not expect the acquisition of Millbrook will have a material impact on revenue or non-GAAP profitability in the fourth quarter or full year fiscal 2013. The company will announce its third quarter financial results, along with its overall guidance for the fourth quarter and full year fiscal 2013 on May 28, 2013. A separate press release with dial-in information will be issued at a later date.
About Guidewire Software
Guidewire Software is a provider of software products for Property/Casualty insurers. Designed to be flexible and scalable, Guidewire products enable insurers to deliver excellent service, increase market share and lower operating costs. Guidewire products include Guidewire InsuranceSuite™, consisting of Guidewire PolicyCenter®, Guidewire ClaimCenter® and Guidewire BillingCenter® which span the core functional areas in insurance and Guidewire Live™, a cloud-based network connecting peer insurers, core system data and expert tools through instant on apps. Guidewire is headquartered in Foster City, California, with offices in Beijing, Dublin, Hong Kong, London, Munich, Paris, Sydney, Tokyo, Toronto and Warsaw. For more information, please visit www.guidewire.com.
Contact:
Diana Stott
Director, Communications
Guidewire Software, Inc.
+1.650.356.4941
dstott@guidewire.com
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NOTE: Guidewire, Guidewire Software, Guidewire ClaimCenter, Guidewire PolicyCenter, Guidewire BillingCenter, Guidewire InsuranceSuite, Guidewire Live, Live Inside, Before & After, Claim Canvas, Viewpoint, Guidewire PartnerConnect, Guidewire SolutionConnect, Deliver Insurance Your Way, and the Guidewire logo are trademarks, service marks, or registered trademarks of Guidewire Software, Inc. in the United States and/or other countries.