M&A
confidence high
sentiment positive
materiality 0.70
Clearwater Analytics completes acquisition of JUMP Technology; doubles European presence
Clearwater Analytics Holdings, Inc.
- Completed acquisition of Paris-based JUMP Technology, a provider of investment management software (no financial terms disclosed).
- Adds front and middle office capabilities: portfolio management, order management, performance attribution, and unit linked fund processing.
- JUMP's performance management module will complement Clearwater's investment accounting platform with advanced algorithms.
- CEO Sandeep Sahai states acquisition accelerates disruption of legacy investment management solutions and doubles European footprint.
- Clearwater targets end-to-end investment lifecycle solution for investment managers, private banks, insurers, and institutional investors.