Company had $205.7 million in cash and cash equivalents at July 31, 2012,
an increase from $201.9 million at April 30, 2012. The Company generated
$19.1 million in cash flow from operations in the fourth quarter and $17.1
million in cash flow from operations in fiscal 2012."
was $10.4 million for the fourth quarter of fiscal 2012, an increase of 22%
from the comparable period in fiscal 2011."
Guidewire Software (GWRE)
is a provider of core system software to the global Property/Casualty
(general) insurance industry.
Designed to be flexible and scalable,
Guidewire solutions give insurers the capability to deliver excellent
service, increase market share and lower operating costs. Guidewire
InsuranceSuite, consisting of Guidewire PolicyCenter, Guidewire ClaimCenter
and Guidewire BillingCenter spans the key functional areas in insurance –
underwriting and policy administration, claims management, and
Guidewire is headquartered in Foster
City, California, with offices in Tokyo, Beijing, Hong Kong, Dublin, London,
Munich, Paris, Sydney, and Toronto.
revenue for the fourth quarter of fiscal 2012 was $67.6 million, an
increase of 33% from the comparable period in fiscal 2011.
Adjusted EBITDA was $10.4
million for the fourth quarter of fiscal 2012, an increase of 22% from
the comparable period in fiscal 2011.
Total revenue for the fiscal
year ended July 31, 2012 was $232.1 million, an increase of 35% from
The Company had $205.7
million in cash and cash equivalents at July 31, 2012, an increase from
$201.9 million at April 30, 2012. The Company generated $19.1 million in
cash flow from operations in the fourth quarter and $17.1 million in
cash flow from operations in fiscal 2012.
Announced that Nationwide
Mutual Insurance Company has decided to expand its partnership with
Foster City, California-based Guidewire Software, Inc.. Under the
expanded agreement, Nationwide will use Guidewire PolicyCenter® as its
underwriting and policy administration system and Guidewire
BillingCenter® for its property and casualty insurance lines.
Announced that New Jersey
Manufacturers Insurance Company (NJM), the largest automobile and
workers’ compensation insurer in New Jersey, has selected Guidewire
PolicyCenter as its new underwriting and policy administration solution
and Guidewire BillingCenter to manage its billing operations. In
addition, NJM has selected Guidewire Client Data Management™ to
support a more comprehensive customer view across its core operations.
Announced that Frank Cowan
Company has selected Guidewire ClaimCenter as its new claims management
system. Frank Cowan Company is a Canadian leader in providing
specialized insurance programs.
Marcus Ryu is Chief Executive
Officer at Guidewire and has overall responsibility for our operations and
strategic direction. Since co-founding the company in 2001, Marcus has held
a wide variety of roles for the company, including securing key customer
relationships, communicating our distinctive value proposition to the
market, and defining our product strategy. He serves on our Board of
Directors and has managed the engineering, marketing, and strategy
departments. Marcus has considerable experience analyzing the underwriting
and claims operations of insurers and is a frequent speaker to industry
audiences on technology and operational issues. Before Guidewire, Marcus was
Vice President of Strategy at Ariba and an Associate and Engagement Manager
at McKinsey and Company. He has an A.B. from Princeton University and a
B.Phil. from New College, Oxford University.
Karen Blasing - Chief Financial
Karen Blasing has served as Guidewire’s
Chief Financial Officer and Treasurer since 2009. In this role, she has
overall global responsibility for our Finance and Administration Operations.
Karen brings more than 20 years of experience in creating and implementing
corporate strategic plans, executing mergers and acquisitions, and building
finance, accounting, legal, and human resource programs and systems. Prior
to joining the company, Karen was CFO at Force10Networks (acquired by Dell),
Nuance Communications, and Counterpane Internet Security. She also held
senior finance roles at salesforce.com, Informix Corporation (acquired by
IBM), Oracle Corporation, and Syntex Pharmaceuticals (now Roche). She holds
a B.A. in Economics and a B.A. in Business Administration, Finance from the
University of Montana and an M.B.A. from the University of Washington.
John True - Senior Vice President,
John True joined Guidewire in 2011 as our
Senior Vice President of Field Operations. His more than 20 years of sales,
general management, and business development experience with high growth
technology firms, help unite the strategies and execution of our global
Sales, Services, and Business Alliances teams. John’s previous positions
include Chief Operating Officer at Fortify Software, Vice President of North
American Sales at EqualLogic, Executive Vice President of Worldwide Sales at
Ariba, and senior management positions with Parametric Technology
Corporation. John previously served as the Chief Executive Officer of Agilis
Systems and continues today as a director of the company. He holds a B.S. in
Computer Science from the University of Missouri.
1001 East Hillsdale Boulevard
Foster City, CA 94404
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