Two companies, Clearwater Analytics and Cue Health, listed their shares Friday, capping off a busy week in the IPO market. Shares of Clearwater (ticker: CWAN) kicked off at $23.75 and hit a high of $26.75. The stock closed at $25.37, up nearly 41% from the offer price. Clearwater, which is backed by Welsh, Carson, Anderson & Stowe, raised...
Read the StorySept 24 (Reuters) - Clearwater Analytics Holdings Inc was valued at about $5.5 billion after a blockbuster stock market debut on Friday, in which its shares jumped over 30%, capping a successful week for initial public offerings of tech unicorns. Shares of the financial services software company, which is backed by buyout firm Welsh, Carson, Anderson & Stowe, opened at $23.75 on the New York Stock Exchange, compared with an IPO price of $18 per share.
Read the StoryClearwater Analytics, a provider of SaaS-based investment accounting, reporting, and analytics solutions, has appointed Jonathan Flitt as Global Head of Private Assets. In this capacity, he is leading product management, strategy, and execution to deliver platform capabilities and innovative solutions that provide total portfolio transparency for the rapidly-growing private markets space. This appointment reflects Clearwater’s continued investment in these asset classes.
Read the StoryClearwater Analytics picked Souvik Das to be enterprise software company’s chief technology officer. Das was previously the CTO of Zenefits.
Read the StoryClearwater Analytics, the leading provider of SaaS-based investment accounting, reporting, and analytics solutions, announced today that it has named Souvik Das as Chief Technology Officer (CTO). Das will focus on building out the company’s SaaS platform with the latest enhancements. He has deep experience in building and scaling technology platforms and leading global engineering teams. Das was most recently CTO at Zenefits, where he led all product development, operations, infrastructure, information security, and information technology.
Read the BylineThe government of Riverside County, California has selected Clearwater's solution for investment accounting, reporting, and analytics. Riverside County encompasses Greater Los Angeles and is the fourth-most populous county in California and the 10th-most populous county in the United States. Riverside County's government needed to replace a legacy solution provider and chose Clearwater's SaaS platform to help manage the county's investments, data, and accounting book of record (ABOR).
Read the StoryCovid-19 has driven a fundamental shift in business architecture assumptions. The cloud computing environment (CCE) is an unsung hero in the Covid-19 pandemic crisis as it is one of the few sectors which has emerged stronger than ever before and businesses are responding to the sudden uptick in demand and interest for the infrastructure.
Read the BylineThe COVID-19 pandemic has been the biggest disruption to life around us and has transformed the way people work. In response to the pandemic, Clearwater Analytics India took a step ahead to support its employees in battling the crisis and focused on employee well-being through financial aids, organizing counselling sessions, setting up vaccination camps and now extending the efforts for the larger community in India. The company believes that employees are the backbone of any business to grow and confirms expanding its team in India.
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