Guidewire Software acquires FirstBest Systems, Inc.
Snapshot
Guidewire Software acquired FirstBest Systems, Inc. in August 2016. FirstBest Systems, Inc. is a Bedford, Massachusetts, USA-based Underwriting management / commercial and specialty lines business.
- Acquirer
- Guidewire Software
- Target
- FirstBest Systems, Inc.
- Value
- (not disclosed)
- Date
- August 2016
- Type
- full acquisition
- Status
- ready
The deal at a glance
About this deal
Guidewire Software acquired FirstBest Systems, Inc., a transaction completed in August 2016.
FirstBest Systems, Inc. operates in Underwriting management / commercial and specialty lines, is based in Bedford, Massachusetts, USA. FirstBest Systems is a provider of an underwriting management system (FirstBest UMS) to P&C insurers, supporting submission intake, risk analysis, the underwriting process, and collaboration for complex commercial, specialty, and workers' compensation lines in the U.S. and Canada.
FirstBest's technology and people expand the Guidewire Insurance Platform by giving insurers writing complex commercial, specialty, and workers' compensation lines greater support for risk assessment and decision-making.
FirstBest UMS pairs naturally with Guidewire PolicyCenter, deepening support for the high-value commercial, specialty, and workers' compensation underwriting segment. Folded into the Guidewire Insurance Platform underwriting capabilities.
No advisory firms have been disclosed for this transaction.