Guidewire Software Announces Change in Field Operations Leadership
FOSTER CITY, Calif. -- March 21, 2013
Guidewire Software, Inc. (NYSE: GWRE), a leading provider of flexible core
system software to Property/Casualty insurers, today announced the departure
of John True, Senior Vice President of Field Operations.
“I thank John for his contributions to Guidewire, from his advice early in the
company’s history to his operational role over the past year and a half. He
helped scale our global sales organization during an important phase of our
emergence as a leader in our market, and we are well positioned to grow based
on the foundation that has been put in place,” said Marcus Ryu, chief
executive officer of Guidewire Software. “As we move forward, our sales and
services expansion will continue under the strong leadership that we have in
place in each of our target markets across North America, EMEA, and Asia
Ryu continued, “We remain confident in our previously issued revenue guidance
for both the third quarter and the fiscal year based on our business momentum
and high level of revenue visibility. We are also excited about Guidewire’s
long-term prospects as we address the large and growing demand for legacy core
system replacement in the global insurance industry that we are serving.”
The company also announced that its management team has been organized to
operate without a replacement for the previous Field Operations position.
About Guidewire Software
Guidewire Software is a provider of core system software to the global
Property/Casualty (general) insurance industry. Designed to be flexible and
scalable, Guidewire solutions give insurers the capability to deliver
excellent service, increase market share and lower operating costs. Guidewire
InsuranceSuite™, consisting of Guidewire PolicyCenter®, Guidewire ClaimCenter®
and Guidewire BillingCenter® spans the key functional areas in insurance –
underwriting and policy administration, claims management, and billing.
Guidewire is headquartered in Foster City, California, with offices in
Beijing, Dublin, Hong Kong, London, Munich, Paris, Sydney, Tokyo, Toronto and
Warsaw. For more information, please visit www.guidewire.com.
Investor Relations Contact:
Garo Toomajanian, +1-650-357-5282
Guidewire Software, Inc.
Diana Stott, +1-650-356-4941
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