Clearwater Analytics Holdings Inc.
Clearwater Analytics Announces Acquisition of Beacon and Blackstone's Bistro
Summary
Clearwater Analytics, Inc. (NYSE: CWAN) announced on March 12, 2025, that it has entered into definitive agreements to acquire Beacon and Blackstone's proprietary portfolio visualization software platform, Bistro. The acquisition of Beacon, a leader in cross-asset class modeling and risk analytics, is for approximately $560 million, with $336 million in cash and the remainder in Clearwater's Class A common stock. The acquisition of Bistro, Blackstone's credit & insurance portfolio visualization software, is for $125 million, with $10 million in cash and the remainder in Clearwater's Class A common stock. These acquisitions aim to create a fully integrated, front-to-back platform that unifies data, analytics, and execution across public and private securities.
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About Clearwater Analytics Holdings Inc.
Clearwater Analytics Holdings Inc. is a software-as-a-service (SaaS) company that specializes in providing web-based investment accounting, reporting, and analytics solutions. Its primary function is to assist clients in managing and automating their investment operations, delivering clear insights into investment portfolios. The company's platform is focused on offering unparalleled transparency, accuracy, and efficiency to institutional investors, asset managers, insurance firms, and corporate treasuries. Clearwater Analytics plays a significant role in the financial technology sector, helping organizations optimize their investment processes through precise data aggregation, reconciliation, and reporting. By integrating technology and financial expertise, Clearwater aids its clients in achieving regulatory compliance and improving financial performance. Established with the vision of transforming the way investment data is managed and analyzed, Clearwater Analytics holds a pivotal position in the market by enhancing operational workflows and decision-making for its users.
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