Insurance software maker Guidewire agrees to acquire Hyperexponential, which makes AI-powered insurance underwriting and pricing software, for $1.7B in cash (Anzar Mehraj/Reuters)
The deal could total $2.1 billion, including up to $400 million beyond the cash purchase price.
Guidewire said it had agreed to the acquisition on Tuesday. Hyperexponential is a UK company making AI-powered underwriting and pricing software for insurers. The announcement concerns an agreed purchase; it does not report a completed takeover.
Techmeme's note
Guidewire said it had agreed to the acquisition on Tuesday. Hyperexponential is a UK company making AI-powered underwriting and pricing software for insurers. The announcement concerns an agreed purchase; it does not report a completed takeover.
Techmeme's note
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