Guidewire Software Inc., a provider of software products for P&C insurers, has acquired Millbrook Inc., a provider of data management and business intelligence (BI) solutions for P&C insurers.
The companies hope the addition of Millbrook’s technology will enable Guidewire’s customers to accelerate the replacement of their legacy core systems and to improve management of operational data in their policy, billing and claims functions. According to the announcement, a modern data management infrastructure can enhance the benefits while reducing the cost, risk and duration of legacy system replacement initiatives, and the Millbrook team has invested 16 years developing data models and solutions for data management and business intelligence optimized for P&C insurance.
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