M&A Veteran to Steer Corporate Development
Strategy and Global Expansion
BOISE,
Idaho, March 1, 2024 /PRNewswire/ -- Clearwater
Analytics (NYSE: CWAN), a leading provider of SaaS-based investment
management, accounting, reporting, and analytics solutions, today
announced the appointment of Mike
Chen as its new Senior Vice President, Head of Corporate
Development.
Mike Chen brings more than 20
years of expertise in M&A and corporate business development to
the role, having previously served as Head of Corporate Development
and Ventures at Guidewire Software as well as Vice President of
Corporate Development at Oracle. Chen has also held senior-level
roles at Deutsche Bank Securities and Credit Suisse Securities in
their Technology Investment Banking Divisions.
As Clearwater's new Head of
Corporate Development reporting to Chief Strategy Officer
Shane Akeroyd, he will be
responsible for driving inorganic strategic initiatives by
identifying and executing on new avenues for growth and innovation.
Chen's experience in running successful corporate development
programs for software companies combined with his dedication to
client success will be instrumental in helping realize Clearwater's inorganic growth ambitions and
achieving the Company's expansion goals.
"We are delighted to welcome Mike
Chen to Clearwater," said
Sandeep Sahai, CEO at Clearwater
Analytics. "Mike will add depth to our M&A expertise,
underscoring our plans to capitalize on the inorganic growth
opportunities we see ahead of us, which will be a good complement
to our plans for continued organic growth. Mike brings exceptional
Corporate Development experience to the role and will guide us in
identifying promising solutions that add to our portfolio of
offerings, amplify our innovative efforts, and provide our clients
with more trusted solutions."
"I'm honored to be joining a remarkable leader in the industry,
at a time when the market conditions are ripe for M&A
activities," said Chen. "Clearwater's comprehensive portfolio of full
investment lifecycle solutions, exceptional client service, and
stellar reputation in the market are world-class and make it the
ideal platform to pursue M&A opportunities. I look forward to
working alongside our senior leaders to shape the future of our
Company."
To learn more about Clearwater Analytics, speak to an expert
today.
About Clearwater Analytics
Clearwater Analytics (NYSE: CWAN), a global, industry-leading
SaaS solution, automates the entire investment lifecycle. With a
single instance, multi-tenant architecture, Clearwater offers award-winning investment
portfolio planning, performance reporting, data aggregation,
reconciliation, accounting, compliance, risk, and order management.
Each day, leading insurers, asset managers, corporations, and
governments use Clearwater's
trusted data to drive efficient, scalable investing on more than
$7.3 trillion in assets spanning
traditional and alternative asset types. Additional information
about Clearwater can be found
at clearwateranalytics.com.
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SOURCE Clearwater Analytics