LONDON — Clearwater Analytics, the market-leading SaaS provider of investment accounting and analytics, announced today that it is setting up operations in France, Germany, and the Netherlands based on its fast-growing success in the UK and European market.
Clearwater plans to double its UK and European presence by hiring a mix of product, sales, and operations professionals to expand services and expertise to its clients in Europe. Clearwater’s current team of 150 are based in London and Edinburgh.
“With some of the largest European financial institutions moving over to Clearwater, we see a tremendous opportunity to serve our clients in their local geographies,” said Sandeep Sahai, Chief Executive Officer at Clearwater. “We remain 100% focused on bringing our clients the best solutions and service quality in the world.”
“Our client base in Europe is expanding rapidly and our investment in Europe enables Clearwater’s vision of becoming the world’s most trusted and comprehensive technology platform for investment accounting and analytics,” said Jim Cox, Chief Financial Officer at Clearwater.
Clearwater received new investment from investment firms Permira, Warburg Pincus, Dragoneer Investment Group, and Durable Capital to accelerate its growth in Europe and Asia.
With over $5.5 trillion in client assets on the platform, Clearwater replaces multiple data management, accounting and reporting solutions with one platform that delivers 100% reconciled data and daily reporting. Stat, GAAP, tax, risk, and regulatory reporting are all generated from this one source using customizable reporting and powerful analytics.
Clearwater’s expansion in Europe is led by Gayatri Raman, Managing Director, EMEA and APAC.