Guidewire Software’s initial public offering and introduction on the New York Stock Exchange today culminates over a decade of growth as one of the industry’s leading providers of core-system solutions for property & casualty insurance carriers.
“This really enhances our goals,” says Brian Desmond, Guidewire’s vice president, marketing, about the IPO. “Our goal is to be the leading vendor of core systems in p&c worldwide. This gives us the liquidity and the ability to meet that goal even faster.”
Guidewire sees benefits for its customers—and potential customers—in going public.
“It gives even greater transparency into our financials and our operations,” says Desmond. “We feel this is an important criteria for our customers and prospective customers, particularly when you are looking at selecting mission-critical systems. We also believe passionately in continually improving our products and services. This gives us the liquidity to do that at an even faster pace.”