Cyence empowers the insurance industry to understand the impact of cyber risk in the context of dollars and probabilities. Cyence's unique approach combines economic/risk modeling, cybersecurity and big data analytics to create an economic cyber risk modeling platform. Cyence's platform and analytics are leveraged by leaders across the insurance industry to help understand and manage cyber risk, as well as to roll out new transformative insurance products.Cyence was acquired by Guidewire Software in October 2017. Total consideration for the acquisition was approximately $275 million, or $265 million net of $10 million cash on hand.The company noted that 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 these shares, approximately 260,000 are in the form of deferred equity consideration, which are subject to the achievement of certain retention and operating milestones. Predict and shape the future of insurance. Gain a competitive edge with Cyence, an intelligence engine built into Guidewire Data Platform and Guidewire Analytics to supercharge your performance.