Latest news with #ClearwaterAnalytics
Globe and Mail
a day ago
- Business
- Globe and Mail
Clearwater Analytics Bolsters Insurance Leadership to Enhance Global Delivery and Investment Operations
Clearwater Analytics (NYSE: CWAN), the most comprehensive technology platform for investment management, today announced the addition of three senior leaders to its global client and delivery teams. These appointments support Clearwater's continued growth and investment in helping insurers, asset owners, and asset managers modernize investment operations and achieve stronger outcomes. Barrie Mellin joins as Head of Insurance and Asset Owners. She brings over 20 years of experience at BlackRock, including as Managing Director in the Aladdin business. Barrie will lead strategic client relationships in key market segments, ensuring Clearwater solutions align with evolving client priorities. Dennis Lee joins as Head of Insurance Solutions. With close to 30 years in financial services—including senior roles at EY, PwC, and Deloitte—Dennis brings deep insurance expertise. He will help clients navigate increasing complexity across regulation, data, and investment operations. Raheel Syed joins as Global Head of Professional Services. With 25 years of experience, including as a Partner at EY and senior executive roles at Manulife and RBC. Raheel will lead Clearwater's global delivery team, supporting clients through implementation, integration, and operating model transformation. 'As our clients face rising complexity across markets, portfolios, and regulation, we are investing in talent and leadership to help them succeed,' said Subi Sethi, Chief Operating Officer at Clearwater Analytics. 'Barrie, Dennis, and Raheel each bring exceptional domain expertise, execution strength, and client focus. Their insurance leadership enhances our ability to deliver front-to-back value across the investment lifecycle and further supports our global growth strategy.' Discover how Clearwater Analytics can elevate your investment management strategy and drive operational excellence by speaking to an expert today. About Clearwater Analytics Clearwater Analytics (NYSE: CWAN) is transforming investment management with the industry's most comprehensive cloud-native platform for institutional investors across global public and private markets. While legacy systems create risk, inefficiency, and data fragmentation, Clearwater's single-instance, multi-tenant architecture delivers real-time data and AI-driven insights throughout the investment lifecycle. The platform eliminates information silos by integrating portfolio management, trading, investment accounting, reconciliation, regulatory reporting, performance, compliance, and risk analytics in one unified system. Serving leading insurers, asset managers, hedge funds, banks, corporations, and governments, Clearwater supports over $8.8 trillion in assets globally. Learn more at
Yahoo
5 days ago
- Business
- Yahoo
Clearwater Analytics CFO on the state of the M&A market and recent deals
This story was originally published on To receive daily news and insights, subscribe to our free daily newsletter. While 2025 is not shaping up as the banner year for M&A that most observers had expected, some strategic deals are still getting done, especially those that were agreed upon before the Trump administration's 'Liberation Day' tariffs on April 2. A case in point is Clearwater Analytics, a $450 million, publicly held provider of investment management software and services for corporate and institutional asset owners and managers. The company signed definitive agreements for multiple acquisitions early this year to round out its portfolio of offerings. In one deal, worth $1.5 billion, Clearwater agreed in January to acquire Enfusion, an investment management platform. Additionally, the company in March agreed to pay a combined $685 million for Beacon Platform, a risk and modeling platform for derivatives, private credit and debt and other alternative assets; and Bistro, a Blackstone-owned portfolio visualization software platform. Beacon and Bistro are designed to work together. The CFO at the helm of the acquisitions, Jim Cox, knows his way around M&A, having been involved in numerous deals — as both buyer and seller — while serving as finance chief for Clearwater and three other technology companies over the past decade and a half. recently met with Cox — a customer of Clearwater at several companies before coming aboard in 2019 — to talk about the current M&A environment and the strategy behind Clearwater's recent deals. CFO, Clearwater Analytics First CFO position: 2009 Notable previous employers: Glassdoor Lithium Technologies Advent Software PricewaterhouseCoopers This interview has been edited for brevity and clarity. JIM COX: There are many layers to thinking about the M&A landscape, and one is obviously the overall economic environment and an acquirer's ability to pay. Can you obtain the needed capital? April 3, the day after 'Liberation Day,' was the busiest day in the history of our platform. Everyone was trying to figure out their exposure. There was a lot of upheaval at that point. What's interesting now is that there's been so much vacillation in thinking about what will result from the tariff policies that I think the market is beginning to accept them. I'm not sure whether that's the right or wrong thing to do, but some people are saying, 'Yes, there is uncertainty, and I'm not sure how that's going to be resolved, and I need to live my life.' There have been some large M&A announcements, and the IPO market has started to open back up. Up until March, it was very good — world-class. And then the market closed up for a while. [If our deals were earlier in their lifecycles], we might have had to consider a different approach. I think that's a safer approach that equity investors generally take: Wait and see. They're looking for proof points, and that will be our job over the next nine months. But by doing an M&A transaction, you're implicitly showing confidence in your business. You have to have that to take on the challenge of operating at a larger scale. 'By doing an M&A transaction, you're implicitly showing confidence in your business. You have to have that to take on the challenge of operating at a larger scale.' Jim Cox CFO, Clearwater Analytics We did these deals because we were listening to our customers, who were telling us they liked us and wanted us to do more for them. The deals were about fortifying our growth for the next 10 years. And it's obviously hard to tell investors they have to wait 10 years to know whether a deal worked out. Of course, you're always surprised. There's always something you didn't know that comes to light afterward, where you understood things one way, and now you understand them a different way. That's the classic Henry Ford saying: My customers would have asked me to make a better horse, and I built an automobile instead because they needed that. But the most successful deals, in my history, are those where you're not pushing it on your clients, but rather your clients are pulling you in that direction. Even the most revolutionary ideas are developed and perfected with customer iteration. That is never pleasant. It's a tough situation, so what can you do to make it as humane as possible? One thing is, be very clear with people, be deliberate but decisive, and then be done, so you can turn to everybody at the company and say, this is the team going forward. You don't want 'death by a thousand cuts.' That's the worst. Not exactly, because they served hedge funds and asset managers, while we served more institutional asset managers and owners. There wasn't much customer overlap. Here was the strategic rationale: What we were doing was accounting, reporting and performance and risk management for investments. All of that was after trades occurred. But there are lots of activities involved in determining whether to make a trade. What Enfusion does is called order management, which provides information in real time. Beacon is a risk system that quants use to do sophisticated risk calculations pre-trade, and Bistro is a set of assets that help visualize the Beacon quantitative platform. They had two separate owners, but they work together. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 days ago
- Business
- Yahoo
Versicherungskammer Group Selects Clearwater Analytics Holdings (CWAN) to Handle its Investments
Clearwater Analytics Holdings, Inc. (NYSE:CWAN) is one of the . On July 2, Clearwater Analytics Holdings, Inc. (NYSE:CWAN) announced that it has been selected by Versicherungskammer Group, a major insurance company, to handle its investment operations. Versicherungskammer Group noted that it conducted a thorough review of its operating model starting in 2024. The company needed to adapt to market changes and demographic shifts. Therefore, after a structured selection process, it decided to select Clearwater Analytics Holdings, Inc. (NYSE:CWAN)'s modern, cloud-based platform. A wide shot of a large financial data center. The platform offers real-time, advanced data analytics, which will help Versicherungskammer make better investment decisions and improve performance. Clearwater Analytics Holdings, Inc. (NYSE:CWAN) provides a cloud-based platform that helps institutional investors manage their investments across public and private markets. Their system integrates portfolio management, accounting, risk analytics, and reporting into one unified solution. While we acknowledge the potential of CWAN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
02-07-2025
- Business
- Business Wire
Germany's Largest Public Insurer Versicherungskammer Selects Clearwater Analytics for Scalable Investment Operations
BOISE, Idaho & CHICAGO & NEW YORK & MUNICH & FRANKFURT A.M., Germany--(BUSINESS WIRE)-- Clearwater Analytics (NYSE: CWAN), the most comprehensive technology platform for investment management, today announced that Versicherungskammer Group has selected Clearwater Analytics' platform to power their middle, back office and risk functions. This decision is based on a comprehensive operating model review that began in 2024, followed by a structured selection process to identify a strategic partner. The rigorous assessment underscored the need for change, as market developments and demographic shifts demanded more agility, transparency, and efficiency. By adopting Clearwater's modern, cloud-based platform, Versicherungskammer will gain real-time, advanced data analytics to strengthen investment decision-making and drive improved performance. This will allow Versicherungskammer to focus on its core competencies in capital investment in the future. 'Partnering with Clearwater marks an important shift in our investment operations strategy and is central to our goal of future-proofing Versicherungskammer's investment capabilities,' said Martin Knobbe, Head of Middle and Back Office Investment at Versicherungskammer. 'Versicherungskammer becomes part of a platform with over 700 insurance customers, which offers considerable network advantages. This partnership allows us to focus on our core competencies, enhances data quality, supports our decision-making processes, and lays the foundations for the further development of our risk and performance management. This transition not only improves agility and flexibility of our business processes - it future-proofs the Group's investment operations and provides us with economic advantages.' 'Versicherungskammer is setting a new benchmark for insurers modernizing their investment operations,' said Keith Viverito, Managing Director EMEA at Clearwater Analytics. 'It's a privilege to partner with them on this transformation. Together, we're implementing a solution that combines technology from our recent acquisitions, Enfusion and Beacon, to deliver a powerful front-to-back platform. This will modernize Versicherungskammer's operations, significantly enhance the accuracy and timeliness of their data across all asset classes, and support their long-term growth objectives.' Versicherungskammer joins more than 2,400 clients worldwide on Clearwater's unique single-instance, multi-tenant platform. The solution delivers comprehensive investment data management, risk, performance, accounting, and reporting capabilities through a single, unified cloud-native system that eliminates data silos and automates manual processes that impact efficiency and accuracy. Contact an expert today for more information about Clearwater Analytics and how our solutions can support your organization. About Versicherungskammer Group The Versicherungskammer Group is the largest public insurer in Germany and is among the top 10 primary insurers in Germany. With its regionally active companies, the company is active in Bavaria, the Palatinate, Saarland as well as in Berlin and Brandenburg. The health insurer of the S-Finanzgruppe operates nationwide together with the other public insurers. The social commitment of the Versicherungskammer Group is of great importance. The sustainability-oriented strategy of promoting voluntary institutions and initiatives, which are particularly active in the field of prevention and safety, has been further strengthened for several years by the two foundations, the Versicherungskammer-Stiftung and Versicherungskammer-Kulturstiftung. In addition, the Versicherungskammer Group has been awarded the 'Work and Family' certificate as a family-friendly company for the third time. It has around 7,500 employees, including around 340 trainees. Further information can be found at Konzern Versicherungskammer | VK Konzernportal. About Clearwater Analytics Clearwater Analytics (NYSE: CWAN) is transforming investment management with the industry's most comprehensive cloud-native platform for institutional investors across global public and private markets. While legacy systems create risk, inefficiency, and data fragmentation, Clearwater's single-instance, multi-tenant architecture delivers real-time data and AI-driven insights throughout the investment lifecycle. The platform eliminates information silos by integrating portfolio management, trading, investment accounting, reconciliation, regulatory reporting, performance, compliance, and risk analytics in one unified system. Serving leading insurers, asset managers, hedge funds, banks, corporations, and governments, Clearwater supports over $8.8 trillion in assets globally. Learn more at
Yahoo
25-06-2025
- Business
- Yahoo
Oppenheimer Cuts Clearwater Analytics (CWAN) PT to $36, Keeps Outperform Rating
Clearwater Analytics Holdings Inc. (NYSE:CWAN) is one of the best technology stocks according to Wall Street analysts. Earlier on June 11, Oppenheimer analyst Brian Schwartz adjusted the price target for Clearwater Analytics to $36 from $40, while maintaining an Outperform rating on the shares. This revision was made due to group multiples compression in the market. In Q1 2025, Clearwater Analytics' revenue reached $126.9 million, which was a 23.5% year-over-year increase. ARR grew by 22.7% to $493.9 million. The company maintains a high client retention rate with a gross revenue retention rate of 98% and a net revenue retention rate of 114%, although the latter saw a slight decrease from 116% in the previous quarter. Despite the lowered price target, Oppenheimer is confident in the company's profitable growth strategy, paired with its recent acquisitions. A wide shot of a large financial data center. The acquisition of Enfusion, valued at ~$1.5 billion, was finalized on April 21 and added a market-leading front-office platform for hedge funds and asset managers. The acquisition of Beacon, completed on April 30 for ~$560 million, enhanced cross-asset trading and risk management capabilities. Additionally, Blackstone's Bistro platform was acquired for ~$125 million on March 31 and brought private credit assets data visualization. Clearwater Analytics Holdings Inc. (NYSE:CWAN) develops and provides a SaaS solution for automated investment data aggregation, reconciliation, accounting, and reporting services for insurers, investment managers, corporations, institutional investors, and government entities. While we acknowledge the potential of CWAN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey.
