Media Coverage

Clearwater Analytics, a leading provider of SaaS-based investment accounting, reporting, and analytics solutions, today announced key findings from its 2021 Insurance Investment Survey Report. Clearwater’s survey report features data from more than 1,000 respondents, revealing insurers’ continuing shift toward non-traditional assets, their growing use of external managers, and the related urgency around deploying cutting-edge technologies to provide transparency and trusted accounting data, among other findings.

Souvik Das, Chief Technology Officer of Clearwater Analytics, was captivated by computers since he was a youngster. Surprisingly, being the son of an ENT surgeon, his interest in technology arose from his surroundings in the tech-evolving outside world.

Clearwater Analytics has appointed Sai Perry as head of solutions, Europe and Asia. Based in London, Perry will report to Gayatri Raman, president of Europe and Asia. Perry will be responsible for creating solutions to help clients streamline and future proof their operating models. Prior to Clearwater Analytics, Perry was director at PwC in London, where he set up and led the asset management technology team that serviced clients globally.

The asset management industry is filled with firms relying on outdated, legacy technologies. While companies may have gotten by in the past, the pandemic and remote working have exposed the inconvenience of these expensive and inaccessible on-premise infrastructures. Working from home had meant that these employees struggled to access critical data and applications, disrupting businesses at an already volatile time.

Privately held Boise software company Clearwater Analytics got a huge boost when its initial public offering debuted Friday on the New York Stock Exchange. Clearwater shares opened 32% higher, at $23,75, than the IPO price of $18 per share. It led to a valuation of the company at $5.5 billion. Earlier, private-equity firm Welsh Carson Anderson & Stowe, the company’s majority owner, expected an IPO price of only $14 to $16 a share.

Clearwater Analytics Holdings Inc., a private-equity-backed financial software maker from Idaho, rose 41% in its trading debut after pricing its initial public offering above a marketed range to raise $540 million. Clearwater’s shares closed in New York trading Friday at $25.37, giving the company a market value of $5.9 billion. The company sold 30 million shares Thursday for $18 each after marketing them for $14 to $16.

ZACK GUZMAN: Welcome back. In today's IPO power hour, we are watching shares of Clearwater Analytics, CA. Nice 30% pop in their debut. The company, which provides cloud native software for investment, accounting and analytics, raised more than $500 million by offering 30 million shares at $18 bucks a pop. That was above the initially advertised range of $14 to $16. The company also counts among its clientele, some rather large names you might have heard of, including Facebook, Cisco, and JPMorgan Chase.

Continuing a record-breaking year in IPOs, online financial services provider Clearwater Analytics made its New York Stock Exchange debut. CEO Sandeep Sahai joined Cheddar’s "Closing Bell" to talk about why this was an opportune time to go public. He noted that the move has signaled the company as a disrupter in the online investment space, which he ultimately believes will help others see the company as an industry leader, and allows it to expand overseas. Sahai also explained that a public company has an easier time hiring global talent, a future in M&A, and can share its success with employees.