builders · traced · first seen Nov 1, 10:32 UTC
Guidewire agrees to acquire Hyperexponential for $1.7 billion
Guidewire agreed to buy Hyperexponential, an insurance underwriting and pricing software maker, in a deal relevant to insurers using those tools.
What we checked
Every claim below was walked down the source ladder. The rung is how close the source is to the thing itself; the tense is the source's own.
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announced L2 · reported
Guidewire agreed to acquire Hyperexponential for $1.7 billion in cash.
per Techmeme (L2) -
announced L2 · reported
Hyperexponential makes AI-powered insurance underwriting and pricing software.
per Techmeme (L2)
Not confirmed
The deal’s closing date and any changes to the products are not confirmed.
Who should wait
Insurers planning around a combined product should wait for integration details.