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Accenture and Guidewire Software, Inc. have agreed to resolve all outstanding patent litigation between the companies concerning their respective insurance claims management software. Guidewire has agreed to pay an undisclosed sum to Accenture, with a portion based on the final outcome of Accenture's pending appeal in the Federal Circuit. As part of the settlement, Accenture and Guidewire also have agreed to cross license patents. All other terms of the settlement will remain confidential but will allow each party to serve their clients' needs with insurance software and services without any legal conflict interfering with a client's choice of the best software and services to meet its needs.
About Accenture
Accenture is a global management consulting, technology services and outsourcing company, with approximately 236,000 people serving clients in more than 120 countries. Combining unparalleled experience, comprehensive capabilities across all industries and business functions, and extensive research on the world's most successful companies, Accenture collaborates with clients to help them become high-performance businesses and governments. The company generated net revenues of US$25.5 billion for the fiscal year ended Aug. 31, 2011. Its home page is www.accenture.com.
About Guidewire Software
Guidewire Software is a provider of core system software to the global Property/Casualty (general) insurance industry. Our solutions serve as the transactional systems-of-record for, and enable the key functions of, a Property/Casualty insurance carrier's business: underwriting and policy administration, claims management and billing. Designed to be flexible and scalable, Guidewire solutions give insurers the capability to increase market share – while lowering operating costs. Guidewire InsuranceSuite™, consisting of Guidewire PolicyCenter®, Guidewire ClaimCenter® and Guidewire BillingCenter® spans the key functional areas in insurance – underwriting and policy administration, claims management, and billing. Guidewire is headquartered in San Mateo, California, with offices in Beijing, Dublin, Hong Kong, London, Munich, Paris, Sydney, Tokyo, and Toronto. For more information, please visit www.guidewire.com.
Accenture
Alex Pachetti, +1-917-452-5519
Senior Director, Corporate Communications
alex.pachetti@accenture.com
or
Guidewire Software, Inc.
Diana Stott, +1-650-356-4941
Public Relations Manager
dstott@guidewire.com
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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