Tuesday, September 6, 2011

Guidewire Files For IPO

San Mateo-based Guidewire, a developer of insurance underwriting software, filed for an IPO Friday, saying it is looking to raise up to $100M in its offering. The IPO is being underwritten by J.P. Morgan, Deutsche Bank Securities, Citigroup, Stifel Nicolaus Weisel, and Pacific Crest Securities. Guidewire is backed by U.S. Venture Partners, Bay Partners, and Battery Ventures.