Guidewire Software acquires Millbrook, Inc.
Snapshot
Guidewire Software acquired Millbrook, Inc. in May 2013. Millbrook, Inc. is a USA-based Data management and business intelligence business.
- Acquirer
- Guidewire Software
- Target
- Millbrook, Inc.
- Value
- (not disclosed)
- Date
- May 2013
- Type
- full acquisition
- Status
- ready
The deal at a glance
About this deal
Guidewire Software acquired Millbrook, Inc., a transaction completed in May 2013.
Millbrook, Inc. operates in Data management and business intelligence, is based in USA. Millbrook is a provider of data management and business intelligence (BI) solutions for P&C insurers, with 16 years developing data models and solutions optimized for P&C insurance. Its technology helps customers accelerate legacy core-system replacement and improve management of operational data across policy, billing, and claims.
Providing data management and business intelligence capabilities is a complement to the core systems Guidewire already provides, helping reduce the cost, risk, and duration of legacy system replacement initiatives.
Sixteen years of P&C-specific data models and BI tooling addressed a common inhibitor to legacy core-system replacement. Integrated into Guidewire's data offerings.
No advisory firms have been disclosed for this transaction.