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SAN MATEO, Calif. - Guidewire (NYSE:GWRE), a $19.8 billion market cap company that has delivered an impressive 75% return over the past year according to InvestingPro, announced that its Marketplace has exceeded 20,000 partner integration downloads, representing 32% year-over-year growth. The company, which maintains strong financial health with a current ratio of 3.23, has also introduced a new ratings and reviews feature for customers to share feedback on integrations.
The Guidewire Marketplace currently hosts more than 290 integrations, making it the largest integration ecosystem in the property and casualty (P&C) insurance industry, according to the company’s press release statement.
"The addition of ratings and reviews to Guidewire Marketplace marks another step forward in our commitment to ensuring a reliable and transparent Marketplace," said Will Murphy, Vice President of Marketplace and Technology Alliances at Guidewire.
During the third quarter of fiscal year 2025, twelve partners published new integrations to the Marketplace, including Capgemini, PwC, and One Inc.
The company also announced that Alchemy Technology Services has been promoted to the Advantage tier in its PartnerConnect program, while eleven new Technology partners joined at the Growth level. Additionally, five consulting partners achieved a total of six specializations during the quarter.
Guidewire’s PartnerConnect program includes over 220 technology partners providing more than 290 integrations, with a consulting network of over 26,000 consultants worldwide who have been trained on Guidewire products.
The company serves more than 570 insurers across 42 countries, focusing on cloud platform solutions for the P&C insurance industry.
In other recent news, Guidewire has reported strong financial results for its fiscal third quarter, surpassing expectations in total revenue, annual recurring revenue (ARR), and non-GAAP operating income. This robust performance led RBC Capital to raise its price target for Guidewire stock to $290, maintaining an Outperform rating, while DA Davidson increased their target to $246 but kept a Neutral rating. The company closed 17 cloud deals in the quarter, including five new clients, contributing to a 16% year-over-year increase in ARR. Additionally, Guidewire raised its fiscal year 2025 guidance, with notable improvements in subscription gross margins and operating income projections.
In a strategic move, Guidewire announced the acquisition of Quantee, a pricing solutions provider, for approximately $28 million in cash. To further enhance its offerings, Guidewire launched a Docusign integration for its PolicyCenter and ClaimCenter platforms, enabling property and casualty insurers to digitize agreement workflows. This integration aims to streamline document processing and improve efficiency for insurers. JPMorgan has maintained an Overweight rating with a $288 price target, highlighting Guidewire’s dominant position in the market and its anticipated milestone of exceeding $1 billion in annual recurring revenue.
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