Guidewire Software, Inc., a provider of software products for property & casualty insurers, announce the acquisition of 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, according to Guidewire
"The two top project areas at many insurers focus on core systems and data and analytics. Guidewire's acquisition of Millbrook emphasizes the importance and strategic value of data and the critical role it plays in a successful core system implementation. It will be interesting to see how the offerings come together in the market," says Karen Furtado, partner with Strategy Meets Action.
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