Clearwater Analytics Named Top-Tier Software Vendor by APPS RUN THE WORLD in the APPS and CLOUD TOP 500 Market Report

Clearwater Analytics Strengths, Domain Expertise, and Key Differentiators

Clearwater Analytics offers web-based investment portfolio accounting, reporting, and reconciliation services to institutional investors across more than 1150 organizations. Utilizing a web-based software-as-a-service (SaaS) platform and a top-tier client service approach, Clearwater Analytics assists clients in automating investment accounting, overseeing investment policy compliance, and assessing portfolio performance and risk.

Clearwater Analytics Recent Developments

In July 2023, Clearwater Analytics unveiled plans for the imminent introduction of Clearwater-GPT, marking the first generative AI technology tailored for investment management. This innovative platform will revolutionize various aspects of operations including sales, service, marketing, IT, and client interaction. Clearwater-GPT promises to expedite the analysis of investment data and adaptability to dynamic market shifts for Clearwater's global clientele. Utilizing generative AI technology, Clearwater-GPT will empower investors to engage with their data through interactive prompts and access insightful, precisely tailored AI-generated content. This content will be accessible through a secure interface, safeguarding the confidentiality and privacy of sensitive data.

In August 2021, Clearwater Analytics Holdings, Inc. submitted a registration statement on Form S-1 to the U.S. Securities and Exchange Commission ("SEC") for a potential initial public offering of its Class A common stock. Clearwater Analytics anticipates listing its shares on the New York Stock Exchange with the ticker symbol "CWAN."

One of our recent successes involves Arch Capital Group, an insurance company utilizing Clearwater for investment accounting, reporting, and analytics solutions.

Clearwater Analytics Mergers and Acquisitions (M&A) Activities

In November 2022, Clearwater Analytics successfully finalized its acquisition of JUMP Technology, a Paris-based provider of investment management software, as previously announced. This strategic acquisition enhances Clearwater Analytics' position as a leading provider of comprehensive solutions to investment management firms worldwide. JUMP Technology brings to Clearwater a robust modular technology suite, encompassing front and middle-office capabilities such as portfolio management, order management, and unit-linked fund processing. Additionally, JUMP's advanced performance management module will complement Clearwater's acclaimed investment accounting platform, empowering clients with more sophisticated algorithms for investment performance management and attribution.

Clearwater Analytics Customers in ARTW Customer Database

Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Clearwater Analytics applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Clearwater Analytics and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Clearwater Analytics, customers.

Clearwater Analytics Key Enterprise and Cloud Applications

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Clearwater Analytics Direct vs Indirect sales

Clearwater Analytics Customers - Breakdown by Geo, Size, Vertical and Product

List of Verified Clearwater Analytics Customers

No. of Clearwater Analytics Customers: 1150

No. of Clearwater Analytics Enterprise Applications Customers: 1150

No. of Clearwater Analytics Cloud Customers: 1150

No. of Clearwater Analytics Cloud Subscribers: 13000

Clearwater Analytics serves a vast clientele of over 1,150 customers. Noteworthy recent additions include Prudent Man Advisors, Inc., Exeter Family Friendly, HighMark Capital Management, Inc., Columbian Mutual Life Insurance, Neuberger Berman, Aon, C.V.Starr, GroupHealth, Hiscox, The Main Street America Group, CopperPoint, Savings Bank Life Insurance Company of Massachusetts, and WellCare. Additionally, prominent corporations such as Best Buy, Cisco, Costco, Facebook, Netflix, Oracle, Yahoo!, and many others rely on Clearwater to simplify the intricacies of aggregating, reconciling, analyzing, and reporting on their investment portfolios.

Clearwater Analytics Market Opportunities, M&A and Geo Expansions

In July 2023, Clearwater Analytics revealed the addition of Sunil Dixit as its new Chief Product Officer, presenting a significant opportunity for the company. With Dixit's extensive experience in driving product innovation, Clearwater anticipates accelerating the development of client-focused solutions to address current market needs and foresee future trends. Joining the Clearwater Executive Leadership Team, Dixit will play a pivotal role in advancing the company's mission to transform the investment management industry. His wealth of industry knowledge and successful track record in developing market-leading products for the Financial Services sector positions Clearwater for continued growth and success.

Clearwater Analytics has broadened its presence in the UK market. With the addition of over 80 new insurance clients, Clearwater continues its commitment to offering hundreds more with automated and precise insurance investment accounting, reporting, and analytics services.

Clearwater Analytics Risks and Challenges

Clearwater Analytics, along with several other TRM developers, seeks to capitalize on their data and software operations, leading to diverse revenue streams but also exposing them to various risks. Given that Clearwater relies on data from third-party providers, any changes in the financial data landscape could present risks for the company.

Clearwater faces the task of enhancing the distinguishing features of its aggregation, reconciliation, and reporting engine. Despite Clearwater's significant domain expertise since its establishment in 2004, third-party information providers like Bloomberg and Wolters Kluwer have been in the field longer and boast thriving analytics businesses. The crucial strategy for Clearwater is to establish itself as a technology leader rather than merely a component within the extensive financial data aggregation and distribution market.

Clearwater Analytics Ecosystem, Partners, Resellers and SI

In March 2022, Clearwater Analytics unveiled a strategic collaboration with Flyer Financial Technologies, a provider of cloud-based portfolio and order management systems. This partnership aims to support Clearwater's asset management clients and prospects in establishing a comprehensive front-to-back office platform. Joint clients of FlyerFT and Clearwater will enjoy the combined benefits of FlyerFT's platform with Clearwater's daily reconciliation, accounting book of record, client reporting, and additional accounting tools. This synergistic effort will yield a unified, end-to-end solution, leveraging the cutting-edge technologies of FlyerFT and Clearwater, thereby offering unparalleled efficiencies and economies of scale.

In March 2023, Clearwater Analytics unveiled a new service partnership with BNP Paribas' Securities Services division, aimed at integrating investment accounting and reporting solutions with the bank's custodial services. BNP Paribas Securities Services is a global custodian offering comprehensive post-trade and asset servicing solutions to a diverse range of market participants including buy-side and sell-side entities, corporates, and issuers. This collaboration leverages Clearwater Analytics' unique value proposition and comprehensive investment lifecycle solutions alongside BNP Paribas' Securities Services offerings, creating new business opportunities with asset owners across the bank's extensive custody network spanning over 90 markets worldwide.

Clearwater Analytics collaborates with over 50 custodians, asset managers, dealers/brokers, and electronic trading portals, providing Clearwater services to their extensive client bases. Notable partners include Decision Analytics, Inc., Accuvest, Fifth Third Bank, Halyard, and Northern Trust, among many others.

Clearwater Analytics Cloud Infrastructure Insights

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• Clearwater Analytics Public Cloud and Infrastructure (IaaS)
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Research Methodology

Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.

Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).

For additional information on our methodologies, here's the link: