Clearwater Analytics is a

software-as-a-service Software as a service (SaaS ) is a software licensing and delivery model in which software is licensed on a subscription basis and is centrally hosted. SaaS is also known as "on-demand software" and Web-based/Web-hosted software. SaaS is cons ...

(SaaS)

fintech Fintech, a portmanteau of "financial technology", refers to firms using new technology to compete with traditional financial methods in the delivery of financial services. Artificial intelligence, blockchain, cloud computing, and big data are r ...

company that provides automated investment accounting, performance, compliance, and risk reporting for insurance companies, asset managers, corporations, banks, governments, and other institutions. Clearwater is a publicly traded company headquartered in

Boise, Idaho Boise (, , ) is the capital and most populous city of the U.S. state of Idaho and is the county seat of Ada County. On the Boise River in southwestern Idaho, it is east of the Oregon border and north of the Nevada border. The downtown ar ...

, with additional offices in

London London is the capital and List of urban areas in the United Kingdom, largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary dow ...

, England;

Edinburgh Edinburgh ( ; gd, Dùn Èideann ) is the capital city of Scotland and one of its 32 council areas. Historically part of the county of Midlothian (interchangeably Edinburghshire before 1921), it is located in Lothian on the southern shore of t ...

, Scotland;

New York City New York, often called New York City or NYC, is the most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the most densely populated major city in the Un ...

, USA and

Noida Noida, short for New Okhla Industrial Development Authority, is a planned city located in Gautam Buddha Nagar district of the Indian state of Uttar Pradesh. Noida is a satellite city of Delhi and is a part of the National Capital Region (NCR) o ...

, India. Clearwater reports on over $6 trillion in investment assets.

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 2019, Clearwater Analytics was named Technology Firm of the Year at the Insurance Asset Management Awards and Best Software Solution at the UK & European Captive Review Awards.

Products and services

The Clearwater solution is a web-based investment accounting and reporting solution providing automated portfolio book-of-record accounting, daily investment policy compliance monitoring, performance tracking, risk analytics, and a variety of buy-side tools for insurers, investment managers, corporations, and other institutional investors.

Clientele

Clearwater Analytics reports on over $5.9 trillion in investment assets. Clients include insurance companies, investment managers, corporate treasuries, governments, and other institutions across the globe. Notable clients include Mutual of Omaha, Arch Capital Group, Wilton Re., J.P. Morgan Asset Management, Facebook, Cisco, and Oracle.

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.

The Clearwater Building

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. The Clearwater building is part of the larger City Center Plaza, which features an underground public transportation hub, an expanded convention center, Boise State University's computer science department, and the Clearwater Analytics headquarters. Clearwater-building

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 Companies based in Idaho Companies established in 2004 OMERS Companies listed on the New York Stock Exchange Companies based in Boise, Idaho 2021 initial public offerings