Clearwater Wilshire Analytics Provides
Best-in-Class Risk and Performance Capabilities for Front and
Middle Office Clients
BOISE,
Idaho, April 22, 2024 /PRNewswire/
-- Clearwater Analytics Holdings, Inc. (NYSE: CWAN),
("Clearwater Analytics" or the "Company"), a leading provider of
SaaS-based investment management, accounting, reporting, and
analytics solutions, today completed its previously announced
acquisition of risk and performance analytics solutions from
Wilshire Advisors LLC, a leading global financial services firm.
Wilshire Axiom℠, Wilshire
Atlas℠, Wilshire Abacus, and Wilshire iQComposite
will now be integrated with Clearwater's solutions in the risk and
performance space to create a powerful and compelling product for
its clients.
Clearwater Wilshire Analytics will provide powerful analytical
capabilities for investment managers and institutional asset
owners, including but not limited to public pension plans,
insurers, foundations, and endowments. These capabilities will
enable decision makers to run performance attribution (both
Brinson-style and factor-based) and risk decomposition of
investment portfolios. The ability to add user-defined risk models
will allow for risk analysis that can be customized for each
client.
Front-office clients will benefit from portfolio construction
tools, based on benchmarks and constraints, and allow for
back-testing portfolios. Additionally, what-if analysis will
empower clients to gauge the potential impact of different
investment options and market scenarios on their portfolios.
Clearwater will continue to
fulfill the diverse analytics needs of its clients by providing
access to standard metrics such as the Sharpe Ratio, Jensen's
Alpha, and more. Detailed security-level computations will be
available, allowing for aggregation of results by sector, duration
bucket, and more, for entire portfolios. The composites platform
will give asset managers the ability to strategically report on
their performance by strategy, facilitating rules-based inclusion
and exclusion of portfolios, with a comprehensive audit trail.
"Partnering with Wilshire and bringing their robust, time-tested
models into our platform is a momentous step for us," said
Sandeep Sahai, CEO at Clearwater
Analytics. "Our vision is to create the preeminent investment
management solution for firms around the globe. Clearwater's integrated platform eliminates
the need for multiple data reconciliations, serving as a reliable
singular source of truth. The addition of these advanced analytics
solutions will equip decision makers with extensive insights into
their portfolios, reinforcing Clearwater's dedication to data accuracy,
operational efficiency and client growth."
Clearwater will enhance
Wilshire's current offerings with the capabilities of its own
platform, helping to make Clearwater a leading provider of comprehensive
and powerful risk and performance solutions. 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.
Forward-Looking Statements
This press release contains "forward-looking statements" within
the meaning of the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. These forward-looking statements are
based on management's beliefs and assumptions and on information
currently available to management. Forward-looking statements
include information concerning the following factors in reference
to Clearwater and/or the assets to
be acquired: possible or assumed future results of operations,
possible or assumed performance, business strategies, technology
developments, financing and investment plans, dividend policy,
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
"anticipate," "believe," "could," "estimate," "expect," "intend,"
"aim," "may," "plan," "potential," "predict," "project," "seek,"
"should," "will," "would" or similar expressions and the negatives
of those terms, but are not the exclusive means of identifying such
statements.
Forward-looking statements involve known and unknown risks,
uncertainties, and other factors, many of which are beyond
Clearwater's control, that may
cause Clearwater's 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's ability to successfully integrate
the operations and technology of the assets to be acquired with
those of Clearwater, retain and
incentivize the employees related to the assets to be acquired
following the close of the acquisition, retain the clients to be
acquired and successfully close the acquisition of the assets to be
acquired, as well as other risks and uncertainties discussed under
"Risk Factors" in Clearwater's
Annual Report on Form 10-K for the year ended December 31, 2023 filed with the US Securities
and Exchange Commission (the "SEC") on February 29, 2024, and in other periodic reports
filed by Clearwater with the SEC.
These filings are available at www.sec.gov and on Clearwater's website. Given these
uncertainties, you should not place undue reliance on
forward-looking statements. Also, forward-looking statements
represent management's beliefs and assumptions only as of the date
of this press release and should not be relied upon as representing
Clearwater's 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.
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SOURCE Clearwater Analytics Holdings, Inc.