Clearwater Analytics
US-based financial technology company
From Wikipedia, the free encyclopedia
Clearwater Analytics Holdings, Inc. is an American software-as-a-service (SaaS) fintech company that provides automated investment accounting, performance, compliance, and risk reporting worldwide.[2] Clearwater is a publicly traded company headquartered in Boise, Idaho, with additional offices in London, Edinburgh, New York City and Noida.[3][4][5]
The company's headquarters in Boise, Idaho | |
| Company type | Public |
|---|---|
| NYSE: CWAN | |
| Industry | Financial Technology |
| Founded | 2004 |
| Headquarters | Boise, Idaho, United States |
Key people | Sandeep Sahai (CEO) |
| Products | Computer Software Support services |
| Revenue | (US$30.67 billion) |
 US$6.63 billion (2025)[1] | |
| US$4.56 billion (2025)[1] | |
| Total assets | US$34.99 billion (2025)[1] |
Number of employees | 1,000–2,000 (2020) |
| Website | clearwateranalytics |
History
Clearwater was founded in 2004 by David Boren, Michael Boren, and Douglas Bates.[6] Prior to founding Clearwater, David, Michael, and Douglas founded Clearwater Advisors, an institutional fixed-income investment advisor, where they developed the concept for Clearwater.[7]
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.[8] Construction of the Clearwater building was completed in September 2016.[9]
The company went public via an initial public offering in September 2021, listing on the New York Stock Exchange.[10]
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.[11]
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.[12]
In January 2025, Clearwater Analytics agreed to acquire Enfusion, a Chicago-based investment management platform, for $1.5 billion.[13] The deal was completed in April 2025.[14]
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.[15]
In November 2025, private equity firm Thoma Bravo submitted an offer to take Clearwater Analytics private, following a joint offer from Permira and Warburg Pincus.[16] The following month, Clearwater agreed to be taken private by the latter in an $8.4 billion deal.[17]
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.[18]