Clearwater Analytics to acquire Enfusion
13 January 2025 US
Image: stock.adobe.com/Yingyaipumi
Clearwater Analytics has agreed to acquire Enfusion, an investment management software-as-a-service platform provider, for US$1.5 billion.
The acquisition forms part of Clearwater’s vision to build the first cloud-native front-to-back platform for the entire investment management industry.
Sandeep Sahai, CEO of Clearwater Analytics, says: “Today’s announcement is about creating a future where our clients benefit from the synergy of two highly complementary, innovative software leaders, paving the way for a unified, cloud-native front-to-back platform that’s primed to serve institutional investors like never before.
“We expect to accelerate growth based on our increased right-to-win, higher back-to-base sales, greater presence across key geographies and increased Total Addressable Market.”
Sahai adds that the acquisition will allow for seamless data management from the front to back office.
Oleg Movchan, CEO of Enfusion, comments: ”Since our inception, we have proven that the versatility, scale, and depth of our solutions captures the hearts and minds of both traditional and alternative investment managers.
“Together with Clearwater, our shared passion for building innovative technologies and enriching every aspect of the client journey will now accelerate and enhance our combined ability to support our clients’ evolving needs — whether they are expanding into new strategies, asset classes, or geographies.”
The acquisition forms part of Clearwater’s vision to build the first cloud-native front-to-back platform for the entire investment management industry.
Sandeep Sahai, CEO of Clearwater Analytics, says: “Today’s announcement is about creating a future where our clients benefit from the synergy of two highly complementary, innovative software leaders, paving the way for a unified, cloud-native front-to-back platform that’s primed to serve institutional investors like never before.
“We expect to accelerate growth based on our increased right-to-win, higher back-to-base sales, greater presence across key geographies and increased Total Addressable Market.”
Sahai adds that the acquisition will allow for seamless data management from the front to back office.
Oleg Movchan, CEO of Enfusion, comments: ”Since our inception, we have proven that the versatility, scale, and depth of our solutions captures the hearts and minds of both traditional and alternative investment managers.
“Together with Clearwater, our shared passion for building innovative technologies and enriching every aspect of the client journey will now accelerate and enhance our combined ability to support our clients’ evolving needs — whether they are expanding into new strategies, asset classes, or geographies.”
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