Guidewire To Acquire AI Insurance Pricing Firm Hyperexponential For $1.7B In Cash And Up To An Additional $400M In Contingent Considerations
Transaction DetailsGuidewire expects to fund the transaction through $1.0 billion in new term loan financing and existing cash on hand. Guidewire has secured a binding debt commitment for the loan from Bank of America,
Guidewire is buying a company that helps set insurance prices using artificial intelligence. When big companies buy smaller ones to get new technology, watch if it helps them serve customers better.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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