M&A Deal Summary

Clearwater Analytics Acquires Clearwater Wilshire Analytics

On April 22, 2024, Clearwater Analytics acquired business services company Clearwater Wilshire Analytics from Wilshire Associates

Acquisition Highlights
  • This is Clearwater Analytics’ 1st transaction in the Business Services sector.
  • This is Clearwater Analytics’ 1st transaction in the United States.
  • This is Clearwater Analytics’ 1st transaction in California.

M&A Deal Summary
Date 2024-04-22
Target Clearwater Wilshire Analytics
Sector Business Services
Buyer(s) Clearwater Analytics
Sellers(s) Wilshire Associates
Deal Type Divestiture

Target

Clearwater Wilshire Analytics

Santa Monica, California, United States
Clearwater Wilshire Analytics provides analytical capabilities for investment managers and institutional asset owners, including but not limited to public pension plans, insurers, foundations, and endowments. These capabilities will enable decision-makers to run performance attribution (both Brinson-style and factor-based) and risk decomposition of investment portfolios.

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Buyer(S) 1

Buyer

Clearwater Analytics

Boise, Idaho, United States

website

Category Company
Founded 2004
Sector Software
Revenue 303M USD (2022)
DESCRIPTION

Clearwater Analytics provides web-based, investment portfolio reporting and analytics for institutional investors, investment managers, custody banks, and electronic trading portals. Clearwater’s daily-aggregated and reconciled solutions deliver the highest level of portfolio transparency available on the market today for clients such as Cisco Systems, Oracle Corporation, Starbucks Corporation and Yahoo!. Clearwater Analytics was founded in 2004 and is based in Boise, Idaho.

DEAL STATS #
Overall 2 of 2
Sector (Business Services) 1 of 1
Type (Divestiture) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-29 Jump Technology

Paris, France

Jump Technology is a software company dedicated to the investment management industry: investment management companies, private banks, family offices, insurers, and institutional investors. While customized for each industry group, the Jump solution covers the entire investment management value chain, across a broad range of financial instruments, in a single software platform combining data management, Front-Middle-Back office, and reporting capabilities. Its modular approach allows clients to use the solution for a particular business need (PMS, OMS, Reporting, Data Management, Performance Attribution, NAV, Compliance, Accounting, etc.) or for the entire Front-to-Back value chain. Jump Technology is based in Paris.

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Seller(S) 1

SELLER

Wilshire Associates

Santa Monica, California, United States

website

Category Company
Founded 1972
Sector Financial Services
DESCRIPTION

Wilshire Associates is a global financial services firm, dedicated to improving outcomes for investors worldwide. Specializing in innovative investment solutions, consulting services and multi-asset analytics, Wilshire serves more than 500 institutional and intermediary clients worldwide from 10 offices around the globe. Wilshire Associates was established in 1972 and is based in Santa Monica, California.

DEAL STATS #
Overall 1 of 1
Sector (Business Services) 1 of 1
Type (Divestiture) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
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