The thundering pace of insurance software acquisitions continues as Guidewire acquires Millbrook

The thundering pace of insurance software acquisitions continues as Guidewire acquires Millbrook
Several aspects of this deal stand out. It is the first acquisition by Guidewire, which until now has been a “we build it, we sell it shop.” It augments Guidewire’s capabilities in the hottest part of the technology landscape: Business Intelligence/Analytics. And it reinforces Guidewire’s strategy to capture the community and network effect benefits of its large customer base. Of course Guidewire will not be alone in offering BI/Analytics to its core systems customers. Nearly every major property/casualty software provider offers its own BI/Analytics functionality and/or partners with third-party providers. Cover-All’s 2010 acquisition of Moore Stephens Business Solutions is also an interesting precedent. Here are three questions to watch: Will Millbrook give Guidewire a competitive edge in vendor selections? Will other core systems vendors begin eyeing the remaining BI/Analytics firms? And what kinds of insurers will want to one-stop shop for core systems and BI/Analytics?
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