Clearwater Analytics to acquire Wilshire risk & performance analytics for ~$40M

Clearwater Analytics Holdings, Inc.

Acquires Wilshire Axiom, Atlas, Abacus, and iQComposite analytics platforms for risk and performance.
Co-branded Clearwater Wilshire Analytics; expected close Q2 2024, subject to customary conditions.
Purchase price ~$40M, adding ~$7M in annualized revenue.
Deal targets institutional asset owners; Wilshire retains analytics access for its clients.
CEO says acquisition positions Clearwater to supercharge clients' front and middle office capabilities.

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