CLEARWATER ANALYTICS HOLDINGS


Associated tags: Clearwater Analytics, Software as a service, Accounting, NYSE

Locations: CLEARWATER

Erste Asset Management Selects Clearwater Analytics to Help Support Business Growth

Retrieved on: 
Tuesday, May 14, 2024

BOISE, Idaho and VIENNA, May 14, 2024 /PRNewswire/ -- Clearwater Analytics (NYSE: CWAN), a leading worldwide provider of SaaS-based investment management, accounting, reporting, and analytics solutions, today announced that Erste Asset Management GmbH, part of Erste Group Bank AG, has joined its community of European buy-side clients. Erste Asset Management (Erste AM) is one of the leading asset managers in Central and Eastern Europe managing €81.4 billion in assets for a broad client base including pension plans.

Key Points: 
  • Clearwater Will Aggregate Multi-Asset Client Investment Data, Help Increase Asset Flows and Strengthen Client Service
    BOISE, Idaho and VIENNA, May 14, 2024 /PRNewswire/ -- Clearwater Analytics (NYSE: CWAN), a leading worldwide provider of SaaS-based investment management, accounting, reporting, and analytics solutions, today announced that Erste Asset Management GmbH, part of Erste Group Bank AG, has joined its community of European buy-side clients.
  • Erste Asset Management (Erste AM) is one of the leading asset managers in Central and Eastern Europe managing €81.4 billion in assets for a broad client base including pension plans.
  • By leveraging the Clearwater PRISM platform , Erste AM will be able to provide highly customized digital client experiences.
  • "We are dedicated to surpassing customer expectations and providing exceptional client reporting across all channels," said Winfried Buchbauer, COO and Board Member of Erste Asset Management.

Clearwater Analytics Announces First Quarter 2024 Financial Results

Retrieved on: 
Wednesday, May 1, 2024

Record Quarterly Revenue of $102.7 Million, Up 21% Year-Over-Year

Key Points: 
  • Record Quarterly Revenue of $102.7 Million, Up 21% Year-Over-Year
    Adjusted EBITDA of $32.2 Million, Up 43% Year-Over-Year
    Annualized Recurring Revenue of $402.3 Million, Up 19% Year-Over-Year
    BOISE, Idaho, May 1, 2024 /PRNewswire/ -- Clearwater Analytics Holdings, Inc. (NYSE: CWAN) ("Clearwater Analytics" or the "Company"), a leading worldwide provider of SaaS-based investment management, accounting, reporting, and analytics solutions, today announced its financial results for the quarter ended March 31, 2024.
  • Revenue: Total revenue for the first quarter of 2024 was $102.7 million, an increase of 21.4%, from $84.6 million in the first quarter of 2023.
  • On April 22, 2024, Clearwater Analytics completed its acquisition of the risk performance, and analytics platforms of Wilshire Advisors LLC, a leading global financial services firm.
  • Clearwater Analytics announced that leading general insurer MSIG Singapore selected Clearwater to power its investment data management, portfolio analytics, and investment reporting operations.

Clearwater Analytics Completes Acquisition of Wilshire Advisors' Risk and Performance Analytics Solutions

Retrieved on: 
Monday, April 22, 2024

BOISE, Idaho, April 22, 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 completed its previously announced acquisition of risk and performance analytics solutions from Wilshire Advisors LLC, a leading global financial services firm. Wilshire Axiom℠, Wilshire Atlas℠, Wilshire Abacus, and Wilshire iQComposite will now be integrated with Clearwater's solutions in the risk and performance space to create a powerful and compelling product for its clients.

Key Points: 
  • BOISE, Idaho, April 22, 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 completed its previously announced acquisition of risk and performance analytics solutions from Wilshire Advisors LLC , a leading global financial services firm.
  • Wilshire Axiom℠, Wilshire Atlas℠, Wilshire Abacus, and Wilshire iQComposite will now be integrated with Clearwater's solutions in the risk and performance space to create a powerful and compelling product for its clients.
  • These capabilities will enable decision makers to run performance attribution (both Brinson-style and factor-based) and risk decomposition of investment portfolios.
  • Clearwater will enhance Wilshire's current offerings with the capabilities of its own platform, helping to make Clearwater a leading provider of comprehensive and powerful risk and performance solutions.

Clearwater Analytics to Participate in Upcoming Investor Conferences in Second Quarter 2024

Retrieved on: 
Wednesday, April 17, 2024

BOISE, Idaho, April 17, 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 that members of its executive leadership team will be participating in the following investor conferences in the second quarter of 2024.

Key Points: 
  • BOISE, Idaho, April 17, 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 that members of its executive leadership team will be participating in the following investor conferences in the second quarter of 2024.
  • Clearwater Analytics Chief Executive Officer Sandeep Sahai will join a fireside chat and participate in one-on-one meetings at the J.P. Morgan 52nd Annual Global Technology, Media and Communications Conference in Boston on Tuesday, May 21, 2024.
  • Clearwater Analytics Chief Financial Officer Jim Cox will join a fireside chat and participate in one-on-one meetings at the Baird 2024 Global Consumer, Technology & Services Conference in New York City on Wednesday, June 5, 2024.
  • Mr. Sahai will join a fireside chat and participate in one-on-one meetings at the William Blair 44th Annual Growth Stock Conference in Chicago on Thursday, June 6, 2024.

Clearwater Analytics to Announce First Quarter 2024 Financial Results on May 1, 2024

Retrieved on: 
Wednesday, April 17, 2024

BOISE, Idaho, April 17, 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, will release financial results for the first quarter ended March 31, 2024 after the U.S. financial markets close on Wednesday, May 1, 2024.

Key Points: 
  • BOISE, Idaho, April 17, 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, will release financial results for the first quarter ended March 31, 2024 after the U.S. financial markets close on Wednesday, May 1, 2024.
  • In conjunction with this announcement, Clearwater Analytics will host a conference call on May 1, 2024, at 5:00 p.m.
  • Participants must visit investors.clearwateranalytics.com in advance to register, download, and install any necessary audio software.
  • A replay of the webcast will be available on the Company's investor relations website, in addition to a press release related to the financial results, related financial tables, and the call transcript.

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

Retrieved on: 
Tuesday, March 19, 2024

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

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 Analytics Announces Launch of Secondary Offering of Class A Common Stock

Retrieved on: 
Wednesday, March 6, 2024

BOISE, Idaho, March 6, 2024 /PRNewswire/ -- Clearwater Analytics Holdings, Inc. ("Clearwater" or the "Company") (NYSE: CWAN), a leading provider of SaaS-based investment management, accounting, reporting, and analytics solutions, today announced that it has launched an underwritten secondary public offering of an aggregate of 16,250,000 shares of the Company's Class A common stock, par value $0.001 per share (the "Common Stock").

Key Points: 
  • BOISE, Idaho, March 6, 2024 /PRNewswire/ -- Clearwater Analytics Holdings, Inc. ("Clearwater" or the "Company") (NYSE: CWAN), a leading provider of SaaS-based investment management, accounting, reporting, and analytics solutions, today announced that it has launched an underwritten secondary public offering of an aggregate of 16,250,000 shares of the Company's Class A common stock, par value $0.001 per share (the "Common Stock").
  • The Company is conducting a resale of Common Stock on behalf of certain affiliates of Welsh, Carson, Anderson & Stowe (collectively, the "Selling Stockholders").
  • The Company will not receive any proceeds from the sale of the Common Stock by the Selling Stockholders.
  • The Common Stock is listed on the New York Stock Exchange under the ticker symbol "CWAN."

Clearwater Analytics Announces Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Wednesday, February 28, 2024

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.

Clearwater Analytics Empowers Investors with Clearwater MLx, A Comprehensive Mortgage Loan Investment Solution

Retrieved on: 
Tuesday, February 13, 2024

BOISE, Idaho, Feb. 13, 2024 /PRNewswire/ -- Clearwater Analytics (NYSE: CWAN), a leading provider of SaaS-based investment management, accounting, reporting, and analytics solutions, has expanded its product portfolio of offerings with Clearwater MLx, an all-in-one solution for mortgage loan investors. Clearwater MLx addresses the limitations of legacy solutions by providing investment professionals with a comprehensive platform to drive growth and make informed decisions at every stage of the loan lifecycle, from origination and deal management, to analytics, accounting, and reporting.

Key Points: 
  • BOISE, Idaho, Feb. 13, 2024 /PRNewswire/ -- Clearwater Analytics (NYSE: CWAN), a leading provider of SaaS-based investment management, accounting, reporting, and analytics solutions, has expanded its product portfolio of offerings with Clearwater MLx, an all-in-one solution for mortgage loan investors.
  • Traditionally, legacy solutions have focused on servicing and operations, neglecting the needs of investors who require access to essential data for mortgage loan investments.
  • Clearwater MLx fills this gap by offering investors necessary oversight and reporting capabilities to effectively navigate the complete lifecycle of their mortgage loan investments.
  • Our solution puts clients in control of their property investments by offering them an accurate view of their mortgage loan portfolios."