Clearwater Analytics is a

software-as-a-service Software as a service (SaaS ) is a cloud computing service model where the provider offers use of application software to a client and manages all needed physical and software resources. SaaS is usually accessed via a web application. Unlike oth ...

(SaaS)

fintech Financial technology (abbreviated as fintech) refers to the application of innovative technologies to products and services in the financial industry. This broad term encompasses a wide array of technological advancements in financial services, ...

company that provides automated investment accounting, performance, compliance, and risk reporting worldwide. Clearwater is a publicly traded company headquartered in

Boise, Idaho Boise ( ) is the List of capitals in the United States, capital and List of cities in Idaho, most populous city of the U.S. state of Idaho. As of the 2020 United States census, 2020 census, there were 235,685 people residing in the city. Loca ...

with additional offices in

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Edinburgh Edinburgh is the capital city of Scotland and one of its 32 Council areas of Scotland, council areas. The city is located in southeast Scotland and is bounded to the north by the Firth of Forth and to the south by the Pentland Hills. Edinburgh ...

New York City New York, often called New York City (NYC), is the most populous city in the United States, located at the southern tip of New York State on one of the world's largest natural harbors. The city comprises five boroughs, each coextensive w ...

and

Noida Noida (), short for New Okhla Industrial Development Authority (ISO: ), is a city located in Gautam Buddha Nagar district of the Indian state of Uttar Pradesh. As per provisional reports of Census of India, the population of Noida in 2011 was ...

History

Clearwater was founded in 2004 by David Boren, Michael Boren, and Douglas Bates. Prior to founding Clearwater, David, Michael, and Douglas founded Clearwater Advisors, an institutional fixed-income investment advisor, where they developed the concept for Clearwater. In December 2013, Clearwater Analytics announced its partnership with the Gardner Co. to help finance a new nine-story building in downtown Boise to double the company's current space to over 90,000 square feet. Construction of the Clearwater building was completed in September 2016. In September 2022, Clearwater Analytics agreed to acquire JUMP Technology, a French firm focused on data management, front-middle-back office and reporting, for €75 million. In April 2024, Clearwater Analytics agreed to purchase a set of risk and performance analytics solutions from Wilshire Advisors, a global financial services firm, for $40 million. The solutions encompassed fixed income analytics, equity analytics and performance measurement, accounting and compliance support analytics. In January 2025, Clearwater Analytics agreed to acquire Enfusion, a Chicago-based investment management platform, for $1.5 billion. The deal was completed in April 2025. In March 2025, Clearwater Analytics agreed to acquire Beacon, a provider of cross-asset class modeling and risk analytics, for approximately $560 million. In the same announcement, Clearwater Analytics shared its plans to acquire Bistro, an in-house portfolio visualization software platform built for Blackstone’s Credit & Insurance business, for $125 million.

Products and services

Clearwater Analytics provides software-as-a-service. The Company offers automated investment accounting, performance, compliance, and risk reporting solutions. Clearwater serves customers worldwide.

Executive team

The executive team at Clearwater Analytics is composed of Sandeep Sahai, CEO and board member, Cindy Blendu, Chief Transformation Officer; Jim Cox, CFO; Scott Erickson, President, Americas and New Markets; and Souvik Das, Chief Technology Officer.

Awards

* 2012 – Innovative Company of the Year, Idaho Innovation Awards *2013 – Technology Firm of the Year, Captive Review * 2014 – Idaho Private 75 *2019 – Best Software Solution, UK & European Captive Review Awards *2019 – Technology Firm of the Year, Insurance Asset Management Awards

References

{{reflist Financial services companies of the United States Financial software companies 2004 establishments in Idaho American companies established in 2004 OMERS Companies listed on the New York Stock Exchange Companies based in Boise, Idaho 2021 initial public offerings