Clearwater Analytics Holdings, Inc. completed the acquisition of risk and performance analytics solutions of Wilshire Advisors LLC for $40 million.
April 21, 2024
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Clearwater Analytics Holdings, Inc. (NYSE:CWAN) agreed to acquire risk and performance analytics solutions of Wilshire Advisors LLC for $40 million on April 1, 2024.As per the terms, the partnership, which will be co-branded as Clearwater Wilshire Analytics. The transaction is subject to customary closing conditions and is expected to close in the second quarter of 2024.
Clearwater Analytics Holdings, Inc. (NYSE:CWAN) completed the acquisition of risk and performance analytics solutions of Wilshire Advisors LLC on April 22, 2024.
Clearwater Analytics Holdings, Inc. is a provider of software-as-a-service (SaaS)-based investment management, accounting, reporting, and analytics solutions. With a single instance, multi-tenant architecture, the Company offers investment portfolio planning, performance reporting, data aggregation, reconciliation, accounting, compliance, risk, and order management. Its cloud-native software allows clients to radically simplify their investment accounting operations, enabling them to focus on higher-value business functions, such as asset allocation strategy and investment selection. Its platform provides comprehensive accounting, data, and advanced analytics as well as highly configurable reporting for global investment assets daily or on-demand, instead of weekly or monthly. Its software automates data aggregation, data reconciliation, data validation, and trade management of each security in its clientâs investment portfolios. It serves a broad universe of institutional clients.