Clearwater Analytics

France Active Successfully Implements Clearwater Analytics to Streamline its Investment Accounting Operations

Retrieved on: 
Tuesday, April 9, 2024
Clearwater Analytics, Organization, Software as a service, Risk, Accounting, NPS, Investment, GAAP

BOISE, Idaho and PARIS, April 9, 2024 /PRNewswire/ -- Clearwater Analytics (NYSE: CWAN), a leading provider of SaaS-based investment management, accounting, reporting, and analytics solutions, today announced that France Active has gone live on the Clearwater platform after a five-month onboarding period, in order to simplify their investment accounting operations and centralize their accounting book of record. Joining a 60-plus community of diverse organizations live on Clearwater in France, France Active has chosen Clearwater's award-winning SaaS platform to stay compliant with local accounting standards and gain cohesive alignment with the market and regulators.

Key Points: 
  • BOISE, Idaho and PARIS, April 9, 2024 /PRNewswire/ -- Clearwater Analytics (NYSE: CWAN), a leading provider of SaaS-based investment management, accounting, reporting, and analytics solutions, today announced that France Active has gone live on the Clearwater platform after a five-month onboarding period, in order to simplify their investment accounting operations and centralize their accounting book of record.
  • France Active is realizing significant business benefits with Clearwater, including timely book-of-record accounting, efficient period-end operational tasks, and increased productivity as a result of automating tasks associated with reconciliation and reporting.
  • According to officials at France Active, its finance professionals are driving greater operational and accounting process excellence across the board.
  • "We're excited to have timely, accurate, and comprehensive information about our investment data that guides us to make timely decisions about our investment portfolio and accounting operations," said Benoît Coujandassamy, Treasurer at France Active.

France Active Successfully Implements Clearwater Analytics to Streamline its Investment Accounting Operations

Retrieved on: 
Tuesday, April 9, 2024
Clearwater Analytics, Organization, Software as a service, Risk, Accounting, NPS, Investment, GAAP

BOISE, Idaho and PARIS, April 9, 2024 /PRNewswire/ -- Clearwater Analytics (NYSE: CWAN), a leading provider of SaaS-based investment management, accounting, reporting, and analytics solutions, today announced that France Active has gone live on the Clearwater platform after a five-month onboarding period, in order to simplify their investment accounting operations and centralize their accounting book of record. Joining a 60-plus community of diverse organizations live on Clearwater in France, France Active has chosen Clearwater's award-winning SaaS platform to stay compliant with local accounting standards and gain cohesive alignment with the market and regulators.

Key Points: 
  • BOISE, Idaho and PARIS, April 9, 2024 /PRNewswire/ -- Clearwater Analytics (NYSE: CWAN), a leading provider of SaaS-based investment management, accounting, reporting, and analytics solutions, today announced that France Active has gone live on the Clearwater platform after a five-month onboarding period, in order to simplify their investment accounting operations and centralize their accounting book of record.
  • France Active is realizing significant business benefits with Clearwater, including timely book-of-record accounting, efficient period-end operational tasks, and increased productivity as a result of automating tasks associated with reconciliation and reporting.
  • According to officials at France Active, its finance professionals are driving greater operational and accounting process excellence across the board.
  • "We're excited to have timely, accurate, and comprehensive information about our investment data that guides us to make timely decisions about our investment portfolio and accounting operations," said Benoît Coujandassamy, Treasurer at France Active.

Clearwater Analytics to Partner with Wilshire and Acquire Sophisticated Risk and Performance Models

Retrieved on: 
Tuesday, April 2, 2024
Clearwater Analytics, Organization, Software as a service, Growth, Partnership, Risk, Accounting, Acquisition, Abacus

BOISE, Idaho and SANTA MONICA, Calif., April 2, 2024 /PRNewswire/ -- Clearwater Analytics (NYSE: CWAN), a leading provider of SaaS-based investment management, accounting, reporting, and analytics solutions, today announced that it has entered into a definitive agreement to acquire risk and performance analytics solutions from Wilshire Advisors LLC, a leading global financial services firm. Specifically, Clearwater will acquire Wilshire AxiomSM, Wilshire AtlasSM, Wilshire Abacus, and Wilshire iQComposite, which provide fixed income analytics, equity analytics and performance measurement, accounting, and GIPS® compliance support analytics, respectively, and will merge them with its own risk and performance analytics platform to create a powerful and compelling product for its customers.

Key Points: 
  • Specifically, Clearwater will acquire Wilshire AxiomSM, Wilshire AtlasSM, Wilshire Abacus, and Wilshire iQComposite, which provide fixed income analytics, equity analytics and performance measurement, accounting, and GIPS® compliance support analytics, respectively, and will merge them with its own risk and performance analytics platform to create a powerful and compelling product for its customers.
  • Partnering with Wilshire, Clearwater will be able to deepen and strengthen its position in the institutional asset owner market.
  • The new Clearwater Wilshire Analytics platform will help clients calculate performance and risk attribution, assist with security-level portfolio construction, uncover new strategies, access high-quality portfolio models, and identify investment opportunities that maximize returns and mitigate risk.
  • "This collaboration was made possible by the contributions, expertise and passion of our analytics team," said Jason Schwarz, Deputy CEO at Wilshire.

Clearwater Analytics to Partner with Wilshire and Acquire Sophisticated Risk and Performance Models

Retrieved on: 
Tuesday, April 2, 2024
Clearwater Analytics, Organization, Software as a service, Growth, Partnership, Risk, Accounting, Acquisition, Abacus

BOISE, Idaho and SANTA MONICA, Calif., April 2, 2024 /PRNewswire/ -- Clearwater Analytics (NYSE: CWAN), a leading provider of SaaS-based investment management, accounting, reporting, and analytics solutions, today announced that it has entered into a definitive agreement to acquire risk and performance analytics solutions from Wilshire Advisors LLC, a leading global financial services firm. Specifically, Clearwater will acquire Wilshire AxiomSM, Wilshire AtlasSM, Wilshire Abacus, and Wilshire iQComposite, which provide fixed income analytics, equity analytics and performance measurement, accounting, and GIPS® compliance support analytics, respectively, and will merge them with its own risk and performance analytics platform to create a powerful and compelling product for its customers.

Key Points: 
  • Specifically, Clearwater will acquire Wilshire AxiomSM, Wilshire AtlasSM, Wilshire Abacus, and Wilshire iQComposite, which provide fixed income analytics, equity analytics and performance measurement, accounting, and GIPS® compliance support analytics, respectively, and will merge them with its own risk and performance analytics platform to create a powerful and compelling product for its customers.
  • Partnering with Wilshire, Clearwater will be able to deepen and strengthen its position in the institutional asset owner market.
  • The new Clearwater Wilshire Analytics platform will help clients calculate performance and risk attribution, assist with security-level portfolio construction, uncover new strategies, access high-quality portfolio models, and identify investment opportunities that maximize returns and mitigate risk.
  • "This collaboration was made possible by the contributions, expertise and passion of our analytics team," said Jason Schwarz, Deputy CEO at Wilshire.

Clearwater Successfully Implements PRISM for Aegon Asset Management to Help Support Business Growth

Retrieved on: 
Tuesday, March 19, 2024
Partnership, EUR, Clearwater Analytics, Accounting, Software as a service

BOISE, Idaho and LONDON, March 19, 2024 /PRNewswire/ -- Clearwater Analytics (NYSE: CWAN), a leading provider of SaaS-based data, investment management, accounting, reporting and analytics solutions, today announced that Aegon Asset Management (Aegon AM) has implemented Clearwater PRISM for its global client reporting needs. Aegon AM is an active global investment business with EUR 305 billion of assets under management as of December 31, 2023.

Key Points: 
  • Clearwater PRISM Easily Aggregates Multi-Asset Client Investment Data, Enabling Growth and a Differentiated Client Experience
    BOISE, Idaho and LONDON, March 19, 2024 /PRNewswire/ -- Clearwater Analytics (NYSE: CWAN), a leading provider of SaaS-based data, investment management, accounting, reporting and analytics solutions, today announced that Aegon Asset Management (Aegon AM) has implemented Clearwater PRISM for its global client reporting needs.
  • Aegon AM is an active global investment business with EUR 305 billion of assets under management as of December 31, 2023.
  • The flexibility and scalability of Clearwater's SaaS-based client reporting solution will help support Aegon AM in its work to expand its client base and increase asset flows.
  • "We are delighted that an industry leader, such as Aegon AM, is successfully implementing Clearwater PRISM, as its all-in-one client investment reporting solution.

Clearwater Successfully Implements PRISM for Aegon Asset Management to Help Support Business Growth

Retrieved on: 
Tuesday, March 19, 2024
Partnership, EUR, Clearwater Analytics, Accounting, Software as a service

BOISE, Idaho and LONDON, March 19, 2024 /PRNewswire/ -- Clearwater Analytics (NYSE: CWAN), a leading provider of SaaS-based data, investment management, accounting, reporting and analytics solutions, today announced that Aegon Asset Management (Aegon AM) has implemented Clearwater PRISM for its global client reporting needs. Aegon AM is an active global investment business with EUR 305 billion of assets under management as of December 31, 2023.

Key Points: 
  • Clearwater PRISM Easily Aggregates Multi-Asset Client Investment Data, Enabling Growth and a Differentiated Client Experience
    BOISE, Idaho and LONDON, March 19, 2024 /PRNewswire/ -- Clearwater Analytics (NYSE: CWAN), a leading provider of SaaS-based data, investment management, accounting, reporting and analytics solutions, today announced that Aegon Asset Management (Aegon AM) has implemented Clearwater PRISM for its global client reporting needs.
  • Aegon AM is an active global investment business with EUR 305 billion of assets under management as of December 31, 2023.
  • The flexibility and scalability of Clearwater's SaaS-based client reporting solution will help support Aegon AM in its work to expand its client base and increase asset flows.
  • "We are delighted that an industry leader, such as Aegon AM, is successfully implementing Clearwater PRISM, as its all-in-one client investment reporting solution.

MSIG Singapore Prepares for International Reporting Standards, Including IFRS 9, with Clearwater Analytics

Retrieved on: 
Thursday, March 7, 2024
Insurance, Senior, Accounting, Data management, Risk, Software as a service, Clearwater Analytics, Book, Partnership

SINGAPORE, March 7, 2024 /PRNewswire/ -- Clearwater Analytics (NYSE: CWAN), a leading provider of SaaS-based investment management, accounting, reporting, and analytics solutions, today announced that leading general insurer MSIG Singapore has selected Clearwater Analytics to power its investment data management, portfolio analytics, and investment reporting operations. MSIG Singapore, part of MS&AD Insurance Group, is one of the leading general insurance companies in Singapore.

Key Points: 
  • Leading Singapore Insurer Adopts Clearwater to Automate Investment Accounting, Risk, Compliance, and Regulatory Reporting
    SINGAPORE, March 7, 2024 /PRNewswire/ -- Clearwater Analytics (NYSE: CWAN), a leading provider of SaaS-based investment management, accounting, reporting, and analytics solutions, today announced that leading general insurer MSIG Singapore has selected Clearwater Analytics to power its investment data management, portfolio analytics, and investment reporting operations.
  • MSIG Singapore, part of MS&AD Insurance Group, is one of the leading general insurance companies in Singapore.
  • MSIG Singapore will leverage Clearwater's single instance, multi-tenant technology platform to gain a comprehensive view of investment portfolio reporting and analytics.
  • By having the flexibility to conduct digital reporting, investment teams and regional stakeholders will be able to comply with international reporting standards, including IFRS 9.

Clearwater Analytics Appoints Mike Chen as its New Head of Corporate Development

Retrieved on: 
Friday, March 1, 2024
Software, Oracle, Senior, Credit Suisse, Deutsche Bank, Accounting, Growth, Software as a service, Guidewire Software, Corporate development, Clearwater Analytics, Corporation, Head, Management

BOISE, Idaho, March 1, 2024 /PRNewswire/ -- Clearwater Analytics (NYSE: CWAN), a leading provider of SaaS-based investment management, accounting, reporting, and analytics solutions, today announced the appointment of Mike Chen as its new Senior Vice President, Head of Corporate Development.

Key Points: 
  • BOISE, Idaho, March 1, 2024 /PRNewswire/ -- Clearwater Analytics (NYSE: CWAN), a leading provider of SaaS-based investment management, accounting, reporting, and analytics solutions, today announced the appointment of Mike Chen as its new Senior Vice President, Head of Corporate Development.
  • Mike Chen brings more than 20 years of expertise in M&A and corporate business development to the role, having previously served as Head of Corporate Development and Ventures at Guidewire Software as well as Vice President of Corporate Development at Oracle.
  • Chen has also held senior-level roles at Deutsche Bank Securities and Credit Suisse Securities in their Technology Investment Banking Divisions.
  • "We are delighted to welcome Mike Chen to Clearwater," said Sandeep Sahai, CEO at Clearwater Analytics.

Clearwater Analytics Selected by T. Rowe Price to Power Stable Value Investment Operations

Retrieved on: 
Thursday, February 29, 2024
Software as a service, Accounting, T. Rowe Price, Clearwater Analytics, Partnership, Cryptocurrency

BOISE, Idaho, Feb. 29, 2024 /PRNewswire/ -- Clearwater Analytics (NYSE: CWAN), a leading provider of SaaS-based investment management, accounting, reporting, and analytics solutions, today announced its Clearwater for Stable Value solution has been selected by T. Rowe Price to support the global investment management firm's growing stable value fund business.

Key Points: 
  • BOISE, Idaho, Feb. 29, 2024 /PRNewswire/ -- Clearwater Analytics (NYSE: CWAN), a leading provider of SaaS-based investment management, accounting, reporting, and analytics solutions, today announced its Clearwater for Stable Value solution has been selected by T. Rowe Price to support the global investment management firm's growing stable value fund business.
  • Clearwater for Stable Value will provide T. Rowe Price with a comprehensive technology solution designed specifically for stable value investment operations.
  • "Clearwater for Stable Value is the technology that will allow us to advance our stable value fund operations and support our continued business growth," said Antonio "Tony" Luna, Head of Stable Asset Management at T. Rowe Price.
  • Clearwater is dedicated to transforming investing for our clients, and we're confident Clearwater for Stable Value sets a high standard for effective stable value fund operations."

Clearwater Analytics Announces Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Wednesday, February 28, 2024
Investment, Machine learning, Cross River Bank, Carpentry, Colcom Foundation, Asset, Digital, Adjustment, ARR, Clearwater Analytics, Assured Life Association, CWIC, Acquisition, NPS, Metropolitan, Intelligence, Risk management, Data management, AUM, Progress, Risk, ACV, Equinix, AppsFlyer

BOISE, Idaho, Feb. 28, 2024 /PRNewswire/ -- Clearwater Analytics Holdings, Inc. (NYSE: CWAN) ("Clearwater Analytics" or the "Company"), a leading provider of SaaS-based investment management, accounting, reporting, and analytics solutions, today announced its financial results for the quarter ended December 31, 2023.

Key Points: 
  • Revenue: Total revenue for the fourth quarter of 2023 was $99.0 million, an increase of 19.8%, from $82.7 million in the fourth quarter of 2022.
  • Gross Profit: Gross profit for the fourth quarter of 2023 increased to $70.7 million, compared with $59.7 million in the fourth quarter of 2022.
  • Non-GAAP net income for the fourth quarter of 2023 increased to $24.1 million from $17.2 million in the fourth quarter of 2022.
  • Adjusted EBITDA: Adjusted EBITDA for the fourth quarter of 2023 was $30.0 million, up from $24.3 million in the fourth quarter of 2022.