Guidewire Software, Inc., a provider of software products forproperty & casualty insurers, announce the acquisition ofMillbrook, Inc., a provider of data management and businessintelligence (BI) solutions for p&c insurers.

The addition of Millbrook's technology will enable Guidewirecustomers to accelerate replacement of their legacy core systemsand to improve management of operational data in their policy,billing, and claims functions, according to Guidewire

“The two top project areas at many insurers focus on coresystems and data and analytics. Guidewire's acquisition ofMillbrook emphasizes the importance and strategic value of data andthe critical role it plays in a successful core systemimplementation. It will be interesting to see how theofferings come together in the market,” says Karen Furtado,partner with Strategy Meets Action.

Guidewire provides a software suite enabling insurers to replacelegacy core system environments that constrain their businessambitions. A modern data management infrastructure can enhance thebenefits while reducing the cost, risk, and duration of legacysystem replacement initiatives. Millbrook has invested 16 yearsdeveloping data models and solutions for data management andbusiness intelligence optimized for p&c insurance.

“We welcome the Millbrook team and look forward to theircontributions to our mission of enabling p&c insurers totransform their businesses and improve service to theirpolicyholders,” says Marcus Ryu, CEO of Guidewire. “The Millbrookteam shares our sole focus on the p&c insurance industry andour foremost commitment to customer success.”

“We are very excited about this acquisition from a solutionperspective,” says Neil Betteridge, vice president, strategy,Guidewire Software. “Data challenges are often viewed assignificant inhibitors to legacy system replacement and businesstransformation. Providing data management and business intelligencecapabilities is an ideal complement to the core systems we alreadyprovide.”

“I am proud of our track record and would like to thank theloyal Millbrook customers that supported our success as well as ourdedicated employees who have an intimate understanding of datamanagement. We are excited to bring our technology and expertise toGuidewire,” says John Search, co-founder of Millbrook and seniorconsulting director for Guidewire. “Our past work with mutualcustomers has shown our ability to deliver significant benefitsusing both companies' products together.”