Guidewire Software acquires EagleEye Analytics, Inc.
Snapshot
Guidewire Software acquired EagleEye Analytics, Inc. for approximately $39.5 million cash (per Guidewire's FY2016 Form 10-K cash-flow disclosure) in March 2016. The transaction was structured as all cash. EagleEye Analytics, Inc. is a USA-based Data and analytics / predictive analytics business.
- Acquirer
- Guidewire Software
- Target
- EagleEye Analytics, Inc.
- Value
- approximately $39.5 million cash (per Guidewire's FY2016 Form 10-K cash-flow disclosure)
- Date
- March 2016
- Type
- full acquisition
- Status
- ready
The deal at a glance
About this deal
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.
No advisory firms have been disclosed for this transaction.