Guidewire Agrees to Acquire Hyperexponential for $1.7 Billion
Photo: TokenPost
Guidewire Software agreed Tuesday, Oct. 27, to acquire London-based Hyperexponential Ltd. for $1.7 billion in cash, adding AI-native underwriting and pricing software for commercial insurers. The $1.7 billion base price covers all of Hyperexponential’s issued shares, with the amount subject to adjustments for working capital, cash, debt and specified retention amounts. The agreement also allows for up to $400 million in additional payments if the business meets specified recurring-revenue targets after closing. If the full contingent amount is paid, total consideration would reach $2.1 billion; that is the maximum possible amount, not a guaranteed payment.
Source: TokenPost
