“The Guidewire team takes immense pride in the quality of our products and how quickly ClaimCenter has become the best modern claims system in the world,” said John Raguin, chief executive officer, Guidewire Software. “We have grown from the status of entrant to market leader by hiring the best people, using innovative software development techniques and most importantly, working closely with our customers. Our customers and the industry as a whole, appreciate Guidewire’s reputation for integrity and fair competition. While we continue to review our litigation options, we can assure them that we have not misappropriated any Accenture trade secrets and we are confident that we have not infringed Accenture’s patent. We view these allegations as a tactic intended to disrupt our business.”

Since its founding in 2001, Guidewire has become widely recognized as the market leader for modern claims systems in the P&C industry. Guidewire has been able to achieve this as a result of the following:
100% focus on developing core systems for the P&C industry;
Use of the latest technology to build systems based upon a truly modern architecture;
Hiring the best software engineers available in the market;
Use of innovative software development techniques such as Agile and ‘test-first’ that enable complex solutions to be built faster and with higher quality than traditional development methods; and
Close collaboration with customers throughout the development process. Guidewire is proud to have the highest levels of customer satisfaction in the industry.

More than 40 insurance carriers have selected ClaimCenter to modernize their claims management operations. Guidewire has received many independent accolades including:
Named "Overall Winner" and top vendor in four of nine award categories in the 2007 "InsureTopTech: Voice of the Insurance Market" survey by Insurance Networking News and Financial Insights;
Attained a rating of "Strong Positive", the highest possible rating in Gartner's 2007 report titled "MarketScope: North American Property and Casualty Insurance Claims Administration Systems, 2007”; and
Rated as best IT Vendor for Claims Processing & Management, in U.S. Insurer Magazine’s 2006 poll. This poll surveys technology officers in insurance firms in the U.S., asking that they identify their favorite IT Vendors in different categories.

About Guidewire Software

Guidewire Software is a leading global provider of technology solutions to property and casualty insurance and workers’ compensation insurers. Guidewire delivers proven software to run core insurance operations, including billing, underwriting, policy, and claim management. The Guidewire Insurance Suite™ consists of Guidewire ClaimCenter®, Guidewire PolicyCenter®, and Guidewire BillingCenter™, which provide a modern, web-based platform for all lines of business. Guidewire is headquartered in San Mateo, California, USA, with offices in London, Munich, Paris, Sydney, and Toronto. For more information, please visit www.guidewire.com.