Guidewire Software acquires ISCS, Inc.
Snapshot
Guidewire Software acquired ISCS, Inc. for approximately $154.9 million cash consideration, net of certain adjustments in February 2017. The transaction was structured as all cash. ISCS, Inc. is a USA-based Cloud core systems / all-in-one P&C platform business.
- Acquirer
- Guidewire Software
- Target
- ISCS, Inc.
- Value
- approximately $154.9 million cash consideration, net of certain adjustments
- Date
- February 2017
- Type
- full acquisition
- Status
- ready
The deal at a glance
About this deal
Guidewire Software acquired ISCS, Inc. for approximately $154.9 million cash consideration, net of certain adjustments, a transaction completed in February 2017, structured as all cash.
ISCS, Inc. operates in Cloud core systems / all-in-one P&C platform, is based in USA. ISCS is a software company focused exclusively on serving P&C insurers. Its cloud-based, all-in-one transactional platform combines policy, billing, and claims management functionality, and was rebranded by Guidewire as InsuranceNow.
The acquisition enhanced Guidewire's ability to serve P&C insurers that prefer a cloud-based, all-in-one system supporting the insurance lifecycle, and augmented progress in delivering cloud-based products.
A proven cloud-native, all-in-one core system gave Guidewire an immediate cloud offering (InsuranceNow) for insurers wanting a single integrated platform with limited IT support. Rebranded as Guidewire InsuranceNow, a cloud-based all-in-one solution.
No advisory firms have been disclosed for this transaction.