Clearwater Analytics

Last updated
Clearwater Analytics Holdings, Inc.
Company type Public
NYSE:  CWAN
Industry Financial Technology
Founded2004
Headquarters Boise, Idaho, United States
Key people
Sandeep Sahai (CEO)
Products Computer Software
Support services
Number of employees
1,000-2,000 (2020)
Website clearwateranalytics.com

Clearwater Analytics is a software-as-a-service (SaaS) fintech company that provides automated investment accounting, performance, compliance, and risk reporting worldwide. [1] Clearwater is a publicly traded company headquartered in Boise, Idaho with additional offices in London, Edinburgh, New York City and Noida. [2] [3] [4]

Contents

History

Clearwater was founded in 2004 by David Boren, Michael Boren, and Douglas Bates. [5] Prior to founding Clearwater, David, Michael, and Douglas founded Clearwater Advisors, an institutional fixed-income investment advisor, where they developed the concept for Clearwater. [6]

In December 2013, Clearwater Analytics announced its partnership with the Gardner Co. to help finance a new nine-story building in downtown Boise to double the company's current space to over 90,000 square feet. [7] Construction of the Clearwater building was completed in September 2016. [8]

In September 2022, Clearwater Analytics agreed to acquire JUMP Technology, a French firm focused on data management, front-middle-back office and reporting, for €75 million. [9]

In April 2024, Clearwater Analytics agreed to purchase a set of risk and performance analytics solutions from Wilshire Advisors, a global financial services firm, for $40 million. The solutions encompassed fixed income analytics, equity analytics and performance measurement, accounting and compliance support analytics. [10]

In January 2025, Clearwater Analytics agreed to acquire Enfusion, a Chicago-based investment management platform, for $1.5 billion. [11] The deal was completed in April 2025. [12]

In March 2025, Clearwater Analytics agreed to acquire Beacon, a provider of cross-asset class modeling and risk analytics, for approximately $560 million. In the same announcement, Clearwater Analytics shared its plans to acquire Bistro, an in-house portfolio visualization software platform built for Blackstone’s Credit & Insurance business, for $125 million. [13]

Products and services

Clearwater Analytics provides software-as-a-service. The Company offers automated investment accounting, performance, compliance, and risk reporting solutions. Clearwater serves customers worldwide. [14]

Executive team

The executive team at Clearwater Analytics is composed of Sandeep Sahai, CEO and board member, Cindy Blendu, Chief Transformation Officer; Jim Cox, CFO; Scott Erickson, President, Americas and New Markets; and Souvik Das, Chief Technology Officer. [15] [16] [17]

Awards

References

  1. ↑ "About Us". Clearwater Analytics. Retrieved 2 May 2018.
  2. ↑ "Clearwater Analytics Expands to the United Kingdom". Insurance Networking News. 28 March 2013.
  3. ↑ Venugopalan, Anjali (2019-08-08). "Fintech SaaS company, Clearwater Analytics, to open office in India". The Economic Times. Retrieved 2019-12-20.
  4. ↑ K.R.Srivats. "Clearwater Analytics to invest $25 million in India over next three years, says CEO Sandeep Sahai". @businessline. Retrieved 2019-12-20.
  5. ↑ Day, Don (July 25, 2018). "Boise's Clearwater Analytics to expand, adds new CEO". Boise Dev. Retrieved July 17, 2019.
  6. ↑ "Clearwater Analytics – Modern World's Accounting Solution".
  7. ↑ "Clearwater Analytics partners with Gardner". Idaho Statesman. 8 December 2013. Archived from the original on 2014-06-11.
  8. ↑ "New chapter looming for downtown Clearwater's abandoned Strand building". Tampa Bay Times. Retrieved 2023-01-20.
  9. ↑ Writer, Verdict Staff (2022-09-30). "Clearwater Analytics strikes €75m deal to buy JUMP Technology". Private Banker International. Retrieved 2025-04-22.
  10. ↑ "Clearwater to Pay $40M for Wilshire's Analytics Products". thinkadvisor.com. Retrieved 2025-04-22.
  11. ↑ Wiggers, Kyle (2025-01-13). "Clearwater agrees to buy investment management platform Enfusion for $1.5B". TechCrunch. Retrieved 2025-04-22.
  12. ↑ Cocksedge, Natasha (2025-04-22). "Clearwater Analytics completes acquisition of Enfusion for $1.5 billion". The TRADE. Retrieved 2025-04-22.
  13. ↑ Editorial Staff (2025-03-14). "Clearwater Analytics Makes Two Strategic Acquisitions". Traders Magazine. Retrieved 2025-04-22.
  14. ↑ "Company Overview of Clearwater Analytics, LLC". Bloomberg.
  15. ↑ "Clearwater Executive Team". Clearwater Analytics. Retrieved 29 April 2019.
  16. ↑ "Sandeep Sahai Joins Clearwater Analytics as Chief Executive Officer". Business Wire. 24 July 2018. Retrieved 25 July 2018.
  17. ↑ "Warren Barkley Joins Clearwater Analytics as Chief Technology Officer". Business Wire. 28 April 2020. Retrieved 28 April 2020.
  18. ↑ "Winners Named in the 2012 Idaho Innovation Awards". Archived from the original on 2019-12-20.
  19. ↑ "U.S. Captive Service Awards 2013: Winners". Captive Review. Archived from the original on 22 March 2014. Retrieved 22 May 2014.
  20. ↑ "Idaho Private 75 Winners 2014". Idaho Statesman. 2 November 2014. Retrieved 2 November 2014.
  21. ↑ "Clearwater Wins Best Software Solution at UK & European Insurance Awards". Clearwater Analytics. Retrieved 2019-12-20.
  22. ↑ "Clearwater Wins Second Technology Award for 2019". Clearwater Analytics. Retrieved 2019-12-20.
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