Tech Company M&A Transactions
Cyence Acquisition
Cyence, based in San Mateo, was acquired by Guidewire Software. The transaction price was $265 million.
Transaction Overview
Company Name
Acquired By
Announced On
10/9/2017
Transaction Type
M&A
Amount
$265,000,000
M&A Terms
Total consideration for the acquisition is approximately $275 million, or $265 million net of $10 million cash on hand, subject to customary transaction adjustments. Consideration provided at closing will consist of net cash of approximately $140 million and approximately 1.6 million shares of newly issued Guidewire common stock. Of those shares, approximately 260,000 are in the form of deferred equity consideration, which are subject to the achievement of certain retention and operating milestones.
Company Information
Company Status
Acquired or Merged
Industry
Security
Mailing Address
300 8th Ave.
San Mateo, CA 94401
USA
San Mateo, CA 94401
USA
Phone
Website
Email Address
Overview
Cyence brings together data science, cybersecurity, and economics to build a unique analytics platform that quantifies the financial impact of cyber risk. Cyence is used by leaders across the insurance industry to prospect and select risks, assess and price risks, manage risk portfolios and accumulations, and bring new insurance products to market.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Arvind Parthasarathi
Chief Technical Officer
George Ng
VP - Bus. Development
Jennifer Livingstone
VP - Engineering
Akin Dirik
VP - Finance
Adam Carson
VP - Marketing
Misti Lusher
VP - Product Management
Marina Grebenkova
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