Clearwater Analytics Acquires Risk And Performance Analytics Solutions From Wilshire Advisors For ~$40M
Portfolio Pulse from Benzinga Newsdesk
Clearwater Analytics is acquiring risk and performance analytics solutions from Wilshire Advisors for approximately $40 million. The acquisition includes Wilshire Axiom, Wilshire Atlas, Wilshire Abacus, and Wilshire iQComposite, which will be integrated into Clearwater's platform, enhancing its offerings in fixed income and equity analytics, performance measurement, accounting, and GIPS compliance support. This move is expected to add about $7 million in annualized revenue to Clearwater.
April 02, 2024 | 12:08 pm
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Clearwater Analytics' acquisition of Wilshire Advisors' analytics solutions for $40M is set to enhance its product offerings and is expected to add $7M in annualized revenue.
The acquisition directly impacts Clearwater Analytics by expanding its product offerings and potentially increasing its revenue. The significant investment and the expected addition to annualized revenue suggest a positive outlook for CWAN's financial performance and market position.
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