Clearwater's
End-to-End Investment Lifecycle Solution Offers Clients
Feature-Rich Modular Technology to Boost Operational
Efficiencies
BOISE,
Idaho, Nov. 30, 2022 /PRNewswire/ -- Clearwater
Analytics Holdings, Inc. (NYSE: CWAN), ("Clearwater Analytics" or
the "Company"), a leading provider of SaaS-based investment
accounting, reporting, and analytics solutions, today completed its
previously announced acquisition of JUMP Technology, a Paris, France-based provider of investment
management software. With the addition of JUMP Technology,
Clearwater Analytics positions itself to become an industry-leading
provider of innovative, end-to-end solutions to investment
management companies globally.
Companies will benefit from JUMP's feature-rich modular
technology consisting of front and middle office investment
management capabilities spanning portfolio management, order
management, and unit linked fund processing. JUMP's advanced
performance management module will complement Clearwater's award-winning investment
accounting platform by providing clients with more sophisticated
algorithms for investment performance management and
attribution.
"Our acquisition of JUMP Technology accelerates and enhances
Clearwater's ability to disrupt
the investment management solutions landscape. As a result,
Clearwater is in a unique position
to offer companies a comprehensive alternative to legacy
technology," said Sandeep Sahai, CEO
at Clearwater Analytics. "Combining these companies not only
doubles our European presence, but also allows us to offer our
clients best-in-class products coupled with industry-leading
services. We're thrilled that investment managers everywhere can
now tap Clearwater to accelerate
efficiencies across the entire investment lifecycle and unlock new
sources of growth. We look forward to continuing to drive our
disruptive solutions to new geographic regions and organizations
throughout the world."
JUMP Technology is a leading provider of investment management
software in France and several
other countries in Europe.
Covering the entire investment management value chain, JUMP's
solutions can be customized for investment management companies,
private banks, family offices, insurers, and institutional
investors.
"JUMP Technology powers versatile, scalable solutions to meet
critical business needs, such as portfolio management, order
management, reporting, data management, performance attribution,
net asset value calculation, compliance, accounting as well as the
entire front-to-back value chain," said Emmanuel Fougeras, President at JUMP Technology.
"We're excited to take this platform to customers worldwide."
To learn more about Clearwater's flexible, modularized end-to-end
platform, speak to one of our experts today.
About Clearwater Analytics
Clearwater Analytics is a global industry-leading SaaS solution
for automated investment data aggregation, reconciliation,
accounting, compliance, risk, performance, and reporting. Each
day, the Clearwater solution
reports on more than $5.9 trillion in
assets for clients that include leading insurers, asset managers,
corporations, pension plans, governments, and nonprofit
organizations – helping them make the most of their investment
portfolio data with a world-class product and client-centric
servicing. Investment professionals around the globe trust
Clearwater to deliver timely,
validated investment data and analytics. Additional information
about Clearwater can be found
at clearwateranalytics.com, LinkedIn, and Twitter.
Use of Forward-Looking
Statements
This press release contains "forward-looking statements" within
the meaning of the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. These forward-looking statements are
based on management's beliefs and assumptions and on information
currently available to management. Forward-looking statements
include information concerning the Company's and JUMP Technology's
possible or assumed future results of operations, business
strategies, technology developments, financing and investment
plans, dividend policy, competitive position, industry, economic
and regulatory environment, potential growth opportunities and the
effects of competition. Forward-looking statements include
statements that are not historical facts and can be identified by
terms such as "anticipate," "believe," "could," "estimate,"
"expect," "intend," "may," "plan," "potential," "predict,"
"project," "seek," "should," "will," "would" or similar expressions
and the negatives of those terms, but are not the exclusive means
of identifying such statements.
Forward-looking statements involve known and unknown risks,
uncertainties, and other factors, many of which are beyond
Clearwater Analytics' control, that may cause the Company's and
JUMP Technology's actual results, performance, or achievements to
be materially different from any future results, performance or
achievements expressed or implied by the forward-looking
statements. These risks and uncertainties may cause actual results
to differ materially from Clearwater Analytics' current
expectations and include, but are not limited to, the Company's
ability to successfully integrate the operations and technology of
JUMP Technology with those of the Company, retain and incentivize
the management of JUMP Technology following the close of the
acquisition, and retain the clients of JUMP Technology, as well as
other risks and uncertainties detailed in Clearwater Analytics'
periodic public filings with the SEC, including but not limited to
those discussed under "Risk Factors" in the Company's Annual Report
on Form 10-K for the year ended December 31,
2021 filed on March 16, 2022,
and in other periodic reports filed by Clearwater Analytics with
the SEC. These filings are available at www.sec.gov and on
Clearwater Analytics' website.
Given these uncertainties, you should not place undue reliance
on forward-looking statements. Also, forward-looking statements
represent management's beliefs and assumptions only as of the date
of this press release and should not be relied upon as representing
Clearwater Analytics' expectations or beliefs as of any date
subsequent to the time they are made. Clearwater Analytics does not
undertake to and specifically declines any obligation to update any
forward-looking statements that may be made from time to time by or
on behalf of Clearwater Analytics.
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SOURCE Clearwater Analytics, LLC