Guidewire agrees to buy hyperexponential for $1.7 billion in cash plus up to $400 million
Guidewire agreed on October 27, 2026 to acquire Hyperexponential Ltd, a London-based AI underwriting software provider, for a base cash price of $1.7 billion, subject to adjustments, plus up to $400 million in contingent payments tied to recurring revenue targets. The company plans to fund the deal with a $1.0 billion term loan from Bank of America and Citibank and cash on hand, and says the deal will not affect its first quarter fiscal 2027 guidance.
Key points
- Base purchase price of $1.7 billion in cash, subject to adjustments, plus up to $400 million in contingent consideration based on specified recurring revenue targets
- Funding: $1.0 billion senior secured term loan A commitment from Bank of America, N.A. and Citibank, N.A., maturing December 2, 2029, plus existing cash on hand
- Expected to close in the second quarter of fiscal 2027; the company says the acquisition will add at least 650 basis points to fiscal 2027 ARR growth on an inorganic basis
- No impact on first quarter fiscal 2027 guidance; second quarter guidance and updated full year guidance to come on the December 2026 earnings call
The filing
Written by AI on Nov 7, 2026, 11:17 PM ET, from this filing only.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.