Guidewire Software acquires HazardHub, Inc.
Snapshot
Guidewire Software acquired HazardHub, Inc. for approximately $53 million net cash consideration (including $8.2 million holdback subject to service conditions over three years) in August 2021. The transaction was structured as all cash. HazardHub, Inc. is a USA-based Property risk data / insurtech business.
- Acquirer
- Guidewire Software
- Target
- HazardHub, Inc.
- Value
- approximately $53 million net cash consideration (including $8.2 million holdback subject to service conditions over three years)
- Date
- August 2021
- Type
- full acquisition
- Status
- ready
The deal at a glance
About this deal
Guidewire Software acquired HazardHub, Inc. for approximately $53 million net cash consideration (including $8.2 million holdback subject to service conditions over three years), a transaction completed in August 2021, structured as all cash.
HazardHub, Inc. operates in Property risk data / insurtech, is based in USA. HazardHub provides API-driven property risk insights to the P&C insurance industry through curation, analysis, and distillation of vast amounts of data to deliver a comprehensive, national catalog of risks that may damage or destroy property.
HazardHub adds a comprehensive national catalog of property risks and API-driven risk insights, broadening Guidewire's data offerings and customer base (the acquisition added approximately 160 customers, many of which are not insurers).
A national, API-delivered property-risk catalog deepened Guidewire's data products and brought roughly 160 new customers, many outside its traditional insurer base. Offered as Guidewire HazardHub within Guidewire's data products.
No advisory firms have been disclosed for this transaction.