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Guidewire Software Refutes Accenture Allegations


    Guidewire Software(R), a leading global provider of solutions to
    property and casualty insurers, issued a strong rebuttal of
    allegations made by Accenture earlier this week.

    "The Guidewire team takes immense pride in the quality of our
    products and how quickly ClaimCenter has become the best modern claims
    system in the world," said John Raguin, chief executive officer,
    Guidewire Software. "We have grown from the status of entrant to
    market leader by hiring the best people, using innovative software
    development techniques and most importantly, working closely with our
    customers. Our customers and the industry as a whole, appreciate
    Guidewire´s reputation for integrity and fair competition. While we
    continue to review our litigation options, we can assure them that we
    have not misappropriated any Accenture trade secrets and we are
    confident that we have not infringed Accenture´s patent. We view these
    allegations as a tactic intended to disrupt our business."

    Since its founding in 2001, Guidewire has become widely recognized
    as the market leader for modern claims systems in the P&C industry.
    Guidewire has been able to achieve this as a result of the following:

    -- 100% focus on developing core systems for the P&C
    industry;

    -- Use of the latest technology to build systems based upon a
    truly modern architecture;

    -- Hiring the best software engineers available in the
    market;

    -- Use of innovative software development techniques such as
    Agile and ´test-first´ that enable complex solutions to be
    built faster and with higher quality than traditional
    development methods; and

    -- Close collaboration with customers throughout the
    development process. Guidewire is proud to have the
    highest levels of customer satisfaction in the industry.

    More than 40 insurance carriers have selected ClaimCenter to
    modernize their claims management operations. Guidewire has received
    many independent accolades including:

    -- Named "Overall Winner" and top vendor in four of nine
    award categories in the 2007 "InsureTopTech: Voice of the
    Insurance Market" survey by Insurance Networking News and
    Financial Insights;

    -- Attained a rating of "Strong Positive", the highest
    possible rating in Gartner´s 2007 report titled
    "MarketScope: North American Property and Casualty
    Insurance Claims Administration Systems, 2007"; and

    -- Rated as best IT Vendor for Claims Processing &
    Management, in U.S. Insurer Magazine´s 2006 poll. This
    poll surveys technology officers in insurance firms in the
    U.S., asking that they identify their favorite IT Vendors
    in different categories.

    About Guidewire Software

    Guidewire Software is a leading global provider of technology
    solutions to property and casualty insurance and workers´ compensation
    insurers. Guidewire delivers proven software to run core insurance
    operations, including billing, underwriting, policy, and claim
    management. The Guidewire Insurance Suite(TM) consists of Guidewire
    ClaimCenter(R), Guidewire PolicyCenter(R), and Guidewire
    BillingCenter(TM), which provide a modern, web-based platform for all
    lines of business. Guidewire is headquartered in San Mateo,
    California, USA, with offices in London, Munich, Paris, Sydney, and
    Toronto. For more information, please visit www.guidewire.com.

    NOTE: Guidewire, Guidewire Software, Guidewire ClaimCenter,
    Guidewire PolicyCenter, and the Guidewire logo are registered
    trademarks; Guidewire Insurance Suite and Guidewire BillingCenter are
    trademarks of Guidewire Software, Inc.