\nThis strategic combination positions Clearwater as the industry\u2019s first single-instance, multi-tenant, cloud-native platform to unify front, middle, and back-office investment operations. By integrating portfolio and order management, IBOR, risk, accounting, and client reporting into one seamless solution, Clearwater is replacing the fragmented legacy model with a modern platform that empowers faster decision-making and operational clarity across asset classes and geographies.\n<\/p>\n
\n\u201cThe close of the Enfusion acquisition marks a major milestone\u2014not just for Clearwater, but for the entire investment management industry,\u201d said Sandeep Sahai, Chief Executive Officer of Clearwater Analytics. \u201cBy combining Enfusion\u2019s strong front-office capabilities with our established middle and back-office solutions, we are accelerating our journey towards a fully integrated, cloud-native front-to-back investment management platform. This combination will eliminate costly data handoffs and inefficiencies stemming from fragmented workflows, empowering our clients to make faster, data-driven decisions with complete confidence in their data.\u201d\n<\/p>\n
\n\u201cI\u2019m immensely proud of what the Enfusion team has achieved and the shareholder value we delivered. Enfusion’s focus on innovation and client requirements created a world-class disruptive technology platform, fundamentally changing how our clients execute their operational workflows, implement investment strategies, manage portfolios, and optimize data insights,\u201d said Oleg Movchan, former CEO of Enfusion. \u201cBy joining forces with Clearwater, we\u2019re opening up amazing possibilities for the next wave of innovation in investment technology. I couldn’t be more optimistic about how this combination will benefit our clients and transform the industry.\u201d\n<\/p>\n
\nToday\u2019s institutional investors\u2014asset managers, insurers, pensions, endowments, and sovereign funds\u2014face increasing complexity across portfolios, geographies, and asset classes. Many still rely on outdated systems that silo data and delay insight. The expanded Clearwater platform will address these challenges by offering:\n<\/p>\n
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- \nSeamless integration across front, middle, and back-office workflows\n<\/li>\n
- \nA single security master and data model for consistent, real-time views of positions, performance, and risk\n<\/li>\n
- \nAn open architecture that connects to a growing ecosystem of partners and capabilities\n<\/li>\n<\/ul>\n
\n\u201cEnfusion adds proven front-office depth to the Clearwater platform, giving our clients real-time access to portfolio and order management, IBOR, risk, and reporting\u2014all in one system,\u201d said Neal Pawar, President, Head of Asset Management at Clearwater Analytics and former Chief Operating Officer at Enfusion. \u201cThe operational benefits are immediate: no batch processing, no manual reconciliation, and no duplication of data. Clients now have a shared, live view of their portfolios and operations\u2014enabling faster execution, stronger risk oversight, and a platform that evolves with them. This is the new foundation for institutional investment technology and operations.\u201d\n<\/p>\n
\nClearwater\u2019s growth in asset management\u2014its largest market segment\u2014is expected to accelerate, with Enfusion\u2019s strength in the hedge fund space and the ability to integrate Enfusion\u2019s front office capabilities with Clearwater\u2019s middle and back office. This will result in a meaningful expansion of Clearwater\u2019s Total Addressable Market.\n<\/p>\n
\nThe acquisition also significantly expands Clearwater\u2019s international presence. Enfusion generates 38% of its revenue from Europe and Asia, supported by strong teams in London, Mumbai, Bangalore, Singapore, and Hong Kong. Clearwater will now serve clients from key global hubs including Boise, New York, Edinburgh, and New Delhi, providing localized support and delivery at scale.\n<\/p>\n
\nUnified client onboarding can currently be offered, and the first wave of integration milestones\u2014including unified dashboards, streamlined reconciliation, and roadmap alignment is already well underway.\n<\/p>\n
\nThis announcement follows Clearwater\u2019s recent acquisition of Blackstone\u2019s BISTRO platform, which adds deep analytics and data infrastructure for private and structured credit markets. Clearwater also previously announced its intent to acquire Beacon, a provider of enterprise risk analytics and technology infrastructure. That transaction is expected to close in the coming weeks, further enhancing Clearwater\u2019s ability to support complex, cross-asset strategies with institutional-grade analytics.\n<\/p>\n
\nClearwater Analytics will discuss the Enfusion acquisition during its First Quarter 2025 earnings conference call on April 30, 2025, at 5:00 p.m. ET. Registration for the live webcast and a copy of an investor presentation deck regarding the acquisition is available on the Company\u2019s investor relations website<\/a>.\n<\/p>\n
Advisors
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J.P. Morgan Securities LLC served as financial advisor to Clearwater Analytics, and JPMorgan Chase Bank, N.A., provided committed financing for the transaction. Kirkland & Ellis LLP served as legal advisor to Clearwater Analytics. Goldman, Sachs & Co. LLC served as exclusive financial advisor to Enfusion\u2019s Special Committee. Dechert LLP served as legal advisor to the Special Committee, and Goodwin Procter LLP served as legal counsel to Enfusion.\n<\/p>\nAbout Clearwater Analytics
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Clearwater Analytics (NYSE: CWAN) is transforming investment management with the industry’s most comprehensive cloud-native platform for institutional investors across global public and private markets. While legacy systems create risk, inefficiency, and data fragmentation, Clearwater’s single-instance, multi-tenant architecture delivers real-time data and AI-driven insights throughout the investment lifecycle. The platform eliminates information silos by integrating portfolio management, trading, investment accounting, reconciliation, regulatory reporting, performance, compliance, and risk analytics in one unified system. Serving leading insurers, asset managers, hedge funds, banks, corporations, and governments, Clearwater supports over $8.8 trillion in assets globally. Learn more at www.clearwateranalytics.com<\/a>.\n<\/p>\nAbout Enfusion, a Clearwater Analytics company
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Enfusion, a Clearwater Analytics company, provides the front-office technology foundation that powers modern investment operations for hedge funds and asset managers. The platform delivers real-time portfolio and order management, IBOR, risk analytics, and comprehensive reporting in one system\u2014eliminating traditional operational barriers. By removing batch processing, manual reconciliation, and data duplication, Enfusion enables faster execution and stronger risk oversight across global portfolios. As part of Clearwater, Enfusion supports the industry’s most advanced front-to-back investment management solution. Learn more at www.enfusion.com<\/a>.\n<\/p>\nCautionary Statement Regarding Forward-Looking Statements<\/b><\/p>\n
\nThis press release contains \u201cforward-looking statements\u201d within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on the beliefs and assumptions of Clearwater\u2019s management and on information currently available to them. Forward-looking statements include information concerning the following factors in reference to Clearwater and\/or Enfusion: possible or assumed future results of operations, possible or assumed performance, business strategies, technology developments, financing and investment plans, competitive position, industry, economic and regulatory environment, potential growth opportunities and the effects of competition. Forward-looking statements include statements that are not historical facts and can be identified by terms such as \u201canticipate,\u201d \u201cbelieve,\u201d \u201ccould,\u201d \u201cestimate,\u201d \u201cexpect,\u201d \u201cintend,\u201d \u201caim,\u201d \u201cmay,\u201d \u201cplan,\u201d \u201cpotential,\u201d \u201cpredict,\u201d \u201cproject,\u201d \u201cseek,\u201d \u201cshould,\u201d \u201cwill,\u201d \u201cwould\u201d or similar expressions and the negatives of those terms, but are not the exclusive means of identifying such statements.\n<\/p>\n
\nForward-looking statements involve known and unknown risks, uncertainties, and other factors, many of which are beyond Clearwater\u2019s control, that may cause their actual results, performance, or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. These risks and uncertainties include, but are not limited to, Clearwater\u2019s ability to successfully integrate the operations and technology of Enfusion with those of Clearwater and to obtain third party data rights, retain and incentivize the employees of Enfusion following the close of the acquisition, retain Enfusion\u2019s clients, repay debt to be incurred in connection with the Enfusion acquisition and meet financial covenants to be imposed in connection with such debt, risks that cost savings, synergies and growth from the acquisition may not be fully realized or may take longer to realize than expected, risks and uncertainties similar to the foregoing with respect to Clearwater\u2019s previously announced acquisitions of Beacon and Bistro, as well as other risks and uncertainties discussed under \u201cRisk Factors\u201d in Clearwater\u2019s Annual Report on Form 10-K for the year ended December 31, 2024 filed with the US Securities and Exchange Commission (the \u201cSEC\u201d) on February 26, 2025 (as amended by Amendment No. 1 thereto, filed with the SEC on March 7, 2025) and in Enfusion\u2019s Annual Report on Form 10-K for the year ended December 31, 2024 filed with the SEC on March 3, 2025, as well as in other periodic reports filed by Clearwater and Enfusion with the SEC. These filings are available at www.sec.gov<\/a> and on Clearwater\u2019s website, investors.clearwateranalytics.com. Given these uncertainties, you should not place undue reliance on forward-looking statements. Also, forward-looking statements represent management\u2019s beliefs and assumptions only as of the date of this press release and should not be relied upon as representing Clearwater\u2019s expectations or beliefs as of any date subsequent to the time they are made. Clearwater does not undertake to and specifically declines any obligation to update any forward-looking statements that may be made from time to time by or on behalf of Clearwater.\n<\/p>\n
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View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20250421999466\/en\/<\/a><\/span><\/p>\n
Investor Contact for Clearwater Analytics
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Joon Park | +1 415-906-9242 | investors@clearwateranalytics.com
\n<\/a><\/p>\nMedia Contact for Clearwater Analytics
\n<\/b>
Claudia Cahill | +1 703-728-1221 | press@clearwateranalytics.com<\/a><\/p>\nKEYWORDS:<\/b> United States United Kingdom Hong Kong North America Asia Pacific Europe Illinois Idaho New York<\/p>\n
INDUSTRY KEYWORDS:<\/b> Technology Finance Fintech Professional Services Software Data Analytics Asset Management Data Management Artificial Intelligence<\/p>\n
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