Guidewire Acquires Data and BI Solution Provider Millbrook

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.

Guidewire provides a software suite enabling 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. Millbrook 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,” says Marcus Ryu, CEO of Guidewire. “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,” says 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 data management. We are excited to bring our technology and expertise to Guidewire,” says John Search, co-founder of Millbrook and senior consulting director for Guidewire. “Our past work with mutual customers has shown our ability to deliver significant benefits using both companies' products together.”