Media Coverage

Clearwater(CWAN) shares climbed 33%, to $24 a piece, after the company priced its IPO at $18 a share, compared to an expected range of $14 to $16 a share. The company sold 30 million shares and raised $540 million in its first day on the public markets. Based in Boise, Idaho, Clearwater specializes in software and services for investment accounting, reporting and analytics for businesses.

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...

Sept 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.

Clearwater 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.

Clearwater Analytics picked Souvik Das to be enterprise software company’s chief technology officer. Das was previously the CTO of Zenefits.

Clearwater 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.

The 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).

Covid-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.