Guidewire (GWRE) Adds Utilant to its Partner Connect Program
Guidewire Software, Inc. GWRE announced the addition of Utilant, a global software applications provider for the insurance industry, to its invite-only Guidewire Partner Connect Program. Utilant will be joining the Partner Connect program as a solution partner.
Additionally, Utilant’s Inspection Management Accelerator has successfully cleared the Ready for Guidewire accelerator process of validation. This will help the company to increase the integration speed between Guidewire Policy Center and Utilant Loss Control 360.
With the Integration of Loss Control 360, the company will be able to provide enhanced loss control inspection and retrieval of back data collected on site through its Policy Center System.
Moreover, with this addition, Guidewire will be able to provide enhanced consulting services and solutions that complement its existing product portfolio.
Partnerships & Acquisitions Drive Growth
Guidewire’s elaborate partnership programs and strategic collaborations are major growth drivers for the company. The company’s Partner Connect Program has been implemented worldwide, benefiting its customers in the property and casualty insurance industry.
Given its partnerships with the likes of Mitchell, Athenium and Enterprise holdings, the company’s insurance software applications are witnessing rapid adoption. More than 300 companies have opted for Guidewire’s products. Moreover, collaborations in Consulting, Insurance and cloud services areaiding revenue growth.
Guidewire’s acquisition strategies are also a major contributor to its growth. The acquisition of ISCS (now called InsuranceNow), FirstBest (now called Guidewire Underwriting Management) and EagleEye Analytics (now known as Guidewire Predictive Analytics) are not only aiding revenue growth but also helping the company to expand its clientele.
Conclusion
Although Guidewire has been active on the acquisition front, frequent buyouts have put immense pressure on the company’s financials and also exposed it to integration risk. Moreover, the company’s transition from a term-license based model to a cloud-based model will negatively impact the top line in the short haul.
Zacks Rank and Stocks to Consider
Guidewire carries a Zacks Rank #4 (Sell).
Some better-ranked stocks in the computer software industry are MSCI Inc MSCI, Trend Micro Inc. TMICY and Verint Systems Inc. VRNT, all carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
MSCI, Trend Micro and Verint Systems have a long-term expected earnings growth rate of 10%, 15.40% and 10%, respectively.
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