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Clearwater Analytics Completes Acquisition of JUMP Technology

Clearwater Analytics Completes Acquisition of JUMP Technology

Clearwater’s End-to-Conclusion Expense Lifecycle Resolution Delivers Consumers Characteristic-Loaded Modular Technological innovation to Enhance Operational Efficiencies

BOISE, Idaho, Nov. 30, 2022 /PRNewswire/ — Clearwater Analytics Holdings, Inc. (NYSE: CWAN), (“Clearwater Analytics” or the “Enterprise”), a main service provider of SaaS-dependent financial investment accounting, reporting, and analytics solutions, currently concluded its previously introduced acquisition of Leap Know-how, a Paris, France-primarily based service provider of investment decision management software. With the addition of Leap Technological know-how, Clearwater Analytics positions alone to become an business-major company of modern, conclusion-to-close answers to expenditure administration businesses globally.

Corporations will profit from JUMP’s element-rich modular technological innovation consisting of entrance and center place of work expenditure administration capabilities spanning portfolio administration, buy administration, and unit joined fund processing. JUMP’s sophisticated functionality management module will complement Clearwater’s award-profitable financial commitment accounting platform by supplying purchasers with more complex algorithms for expenditure functionality management and attribution.

“Our acquisition of Leap Engineering accelerates and improves Clearwater’s skill to disrupt the investment decision management methods landscape. As a final result, Clearwater is in a exceptional place to give firms a comprehensive choice to legacy engineering,” claimed Sandeep Sahai, CEO at Clearwater Analytics. “Combining these companies not only doubles our European existence, but also allows us to supply our consumers greatest-in-course products and solutions coupled with industry-major products and services. We’re thrilled that financial investment administrators everywhere can now tap Clearwater to accelerate efficiencies across the full financial commitment lifecycle and unlock new sources of growth. We glance ahead to continuing to generate our disruptive methods to new geographic locations and organizations all through the planet.”

Soar Technological innovation is a primary company of investment management computer software in France and numerous other international locations in Europe. Masking the full financial commitment administration value chain, JUMP’s alternatives can be customized for investment decision administration corporations, personal financial institutions, family offices, insurers, and institutional traders.

“Soar Technology powers versatile, scalable remedies to fulfill vital organization needs, this sort of as portfolio administration, buy management, reporting, details administration, general performance attribution, web asset price calculation, compliance, accounting as properly as the entire entrance-to-back price chain,” explained Emmanuel Fougeras, President at Leap Engineering. “We are thrilled to acquire this system to clients worldwide.”

To understand far more about Clearwater’s adaptable, modularized conclude-to-conclude platform, discuss to 1 of our industry experts these days.

About Clearwater Analytics

Clearwater Analytics is a world wide business-major SaaS alternative for automatic investment facts aggregation, reconciliation, accounting, compliance, threat, overall performance, and reporting. Each and every day, the Clearwater option reports on much more than $5.9 trillion in assets for shoppers that incorporate main insurers, asset professionals, organizations, pension options, governments, and nonprofit organizations – encouraging them make the most of their investment decision portfolio facts with a globe-class product or service and shopper-centric servicing. Financial investment pros all-around the globe believe in Clearwater to provide timely, validated financial commitment info and analytics. Additional information about Clearwater can be discovered at clearwateranalytics.com, LinkedIn, and Twitter.

Use of Forward-Wanting Statements

This press launch has “forward-looking statements” within just the indicating of the secure harbor provisions of the Non-public Securities Litigation Reform Act of 1995. These forward-searching statements are dependent on management’s beliefs and assumptions and on information at this time available to administration. Ahead-searching statements incorporate details relating to the Firm’s and Jump Technology’s feasible or assumed long run effects of operations, business methods, technology developments, financing and financial investment options, dividend coverage, aggressive situation, industry, financial and regulatory atmosphere, likely growth opportunities and the consequences of opposition. Ahead-seeking statements contain statements that are not historical specifics and can be identified by conditions such as “foresee,” “believe,” “could,” “estimate,” “expect,” “intend,” “could,” “system,” “opportunity,” “forecast,” “challenge,” “seek out,” “should really,” “will,” “would” or identical expressions and the negatives of all those conditions, but are not the exclusive implies of pinpointing such statements.

Forward-searching statements contain identified and unfamiliar pitfalls, uncertainties, and other elements, a lot of of which are past Clearwater Analytics’ manage, that may well lead to the Company’s and Leap Technology’s true effects, efficiency, or achievements to be materially unique from any foreseeable future benefits, functionality or achievements expressed or implied by the ahead-searching statements. These risks and uncertainties might lead to actual benefits to differ materially from Clearwater Analytics’ latest expectations and include, but are not constrained to, the Firm’s capability to correctly integrate the operations and technological know-how of Soar Know-how with those of the Business, retain and incentivize the management of Bounce Technological know-how following the near of the acquisition, and keep the shoppers of Leap Engineering, as effectively as other dangers and uncertainties detailed in Clearwater Analytics’ periodic general public filings with the SEC, together with but not minimal to all those talked over underneath “Danger Elements” in the Firm’s Annual Report on Form 10-K for the 12 months ended December 31, 2021 filed on March 16, 2022, and in other periodic reviews submitted by Clearwater Analytics with the SEC. These filings are available at www.sec.gov and on Clearwater Analytics’ web site.

Offered these uncertainties, you must not position undue reliance on forward-searching statements. Also, forward-seeking statements signify management’s beliefs and assumptions only as of the day of this push launch and should not be relied on as representing Clearwater Analytics’ anticipations or beliefs as of any day subsequent to the time they are created. Clearwater Analytics does not undertake to and particularly declines any obligation to update any ahead-looking statements that could be created from time to time by or on behalf of Clearwater Analytics.

Supply Clearwater Analytics, LLC