secwatch.observer — SEC 8-K summary
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Issuer:     Clearwater Analytics Holdings, Inc. (CWAN)
CIK:        0001866368
Form:       8-K
Filed at:   2024-04-02T23:59:59+00:00
Accession:  0001628280-24-014233
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1866368/000162828024014233/0001628280-24-014233-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1866368/000162828024014233/cwan-20240402.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-014233

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer