Guidewire Software acquired EagleEye Analytics, Inc. for approximately $39.5 million cash (per Guidewire's FY2016 Form 10-K cash-flow disclosure), a transaction completed in March 2016, structured as all cash.
EagleEye Analytics, Inc. operates in Data and analytics / predictive analytics, is based in USA. EagleEye Analytics is a provider of SaaS-based predictive analytics products designed specifically for P&C insurers. Its products were renamed Guidewire Predictive Analytics and offered as part of Guidewire's Data and Analytics product family, supporting data preparation, model building, operational deployment, performance monitoring, and analytic feedback.
EagleEye's expertise in P&C processes and data science advances Guidewire's mission of enabling insurers to adapt and succeed, leveraging and differentiating the capabilities of Guidewire's insurance platform.
P&C-specific predictive models for claims severity, routing, ratemaking, and risk selection plugged directly into Guidewire's Data and Analytics family. Products renamed Guidewire Predictive Analytics within the Data and Analytics product family.
We welcome the EagleEye team to Guidewire, where their expertise in Property/Casualty processes and data science will advance our mission of enabling insurers to adapt and succeed in a time of significant change. Their products, as with the others built by our Data and Analytics team, will leverage and further differentiate the capabilities of Guidewire's insurance platform.Marcus Ryu, Chief Executive Officer, Guidewire Software
Advisory firms were not disclosed for this transaction.