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Guidewire Hangs $400 Million on Hyperexponential's Revenue

Guidewire agreed on October 27 to buy Hyperexponential, a London company that makes AI underwriting and pricing software for commercial insurers, for $1.7 billion in cash. Another $400 million depends on Hyperexponential meeting recurring revenue targets, which puts the deal at up to $2.1 billion. The purchase takes Guidewire, whose software is used by more than 570 property and casualty insurers in 44 countries, into AI tools that help insurers assess risk and price it. What Changed * Guidewire agreed on October 27 to buy London-based Hyperexponential for $1.7 billion in cash, plus up to $400 million

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