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GUIDEWIRE SOFTWARE, INC.

(GWRE)
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Guidewire Software : Recognizes Cognizant as First Recipient of its PartnerConnect InsuranceNow Specialization

06/17/2021 | 08:50am EDT

Guidewire Software, Inc. (NYSE: GWRE), the platform P&C insurers trust to engage, innovate, and grow efficiently, today announced that Cognizant, one of the world's leading professional
services companies and a Guidewire PartnerConnect ConsultingGlobal Premier partner, is the first partner to achieve the Guidewire InsuranceNow specialization.

Cognizant has been awarded this specialization by demonstrating exemplary skills, knowledge, and competency for its support of InsuranceNow deployments. The achievement of specializations enables Cognizant to provide its insurance clients with more clarity and insight into unique skills and capabilities of Guidewire products and solutions.

'We are excited to recognize Cognizant as the first of our partners to achieve the Guidewire InsuranceNow specialization, earned by their commitment to providing high levels of quality service through their proven InsuranceNow expertise,' said Zachary Gustafson, general manager, InsuranceNow, Guidewire Software. 'When we formally launched the InsuranceNow Specialization, it was our goal to provide customers with more insight and clarity as to which PartnerConnect Consulting partners have proven capabilities, certified skills, and a performance track record in InsuranceNow. Cognizant has been a services partner to the InsuranceNow team for years, and we are pleased to recognize them as the inaugural recipient of this specialization.'

'Achieving the Guidewire InsuranceNow specialization is an important step in providing our mid-tier insurers with modern digital platforms that increase speed to market, offer digital capabilities and enhance operational efficiencies to differentiate in the market', said Mahesh Natarajan Cognizant's Head of Strategy and ISG. 'Our continued commitment to delivering cloud-enabled business transformation is enhanced by our partnerships across top software companies, like Guidewire, who are at the forefront of creating innovative, simplified and scalable solutions to the Insurance market.'

InsuranceNow is purpose-built for U.S. regional and super-regional insurers that focus on personal, main-street commercial, and straightforward specialty lines that may be constrained by limited IT resources. InsuranceNow provides insurers the freedom to focus on innovation and service with a ready-to-go core system that is complete, not complex. Its all-in-one design makes possible rapid implementations and regular upgrades, keeping insurers' technology current and their business nimble.

Please find more information about specializations on the Guidewire website here.

About Cognizant

Cognizant (Nasdaq-100: CTSH) is one of the world's leading professional services companies, transforming clients' business, operating and technology models for the digital era. Our unique industry-based, consultative approach helps clients envision, build and run more innovative and efficient businesses. Headquartered in the US, Cognizant is ranked 185 on the Fortune 500 and is consistently listed among the most admired companies in the world. Learn how Cognizant helps clients lead with digital at www.cognizant.com or follow us @Cognizant.

About Guidewire PartnerConnect

Guidewire PartnerConnect Consulting partners provide consulting services such as business
transformation and strategy, implementation and related solution and delivery services. To date, Guidewire Consulting practices worldwide include over 10,000 consultants who have been trained or are experienced in Guidewire products. Guidewire PartnerConnect is an invitation-only program.

For more information about Guidewire PartnerConnect please visit https://www.guidewire.com/partnerconnect.

Disclaimer

Guidewire Software Inc. published this content on 17 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 June 2021 12:49:05 UTC.


© Publicnow 2021
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Financials (USD)
Sales 2021 736 M - -
Net income 2021 -74,9 M - -
Net Debt 2021 - - -
P/E ratio 2021 -129x
Yield 2021 -
Capitalization 9 579 M 9 579 M -
Capi. / Sales 2021 13,0x
Capi. / Sales 2022 12,5x
Nbr of Employees 2 816
Free-Float 99,9%
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Mean consensus HOLD
Number of Analysts 13
Last Close Price 115,20 $
Average target price 116,89 $
Spread / Average Target 1,47%
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Managers and Directors
Mike Rosenbaum Chief Executive Officer & Director
Priscilla Hung President & Chief Operating Officer
Jeff Cooper Chief Financial Officer & Vice President-Finance
Marcus S. Ryu Chairman
Winston J. King Secretary & Chief Administrative Officer
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