The unified platform to come will encompass trading, compliance, IBORs, accounting, and regulatory reporting.
Clearwater Analytics, a provider of investment accounting software-as-a-service (SaaS) solutions, has completed its $560 million acquisition of Beacon Platform Inc., a maker of enterprise risk analytics, in a move intended to strengthen the range of Clearwater’s offerings, officials say.
In March, Clearwater officials announced that they intended to “acquire Beacon for an aggregate purchase price of approximately $560 million, 60 percent of which will be paid in cash, with the remainder to be paid in shares of Clearwater Class A common stock valued at approximately $30.05 per share. With ARR of approximately $44 million at the end of 2024, this platform has scale and market acceptance as a leading risk and modeling platform.”
The Beacon acquisition is intended to add to Clearwater’s capabilities, such as new support for “complex portfolio management across both public and private markets, including structured products, private credit, and derivatives,” officials say.
“For years, institutional investors have faced a tradeoff between advanced analytics and operational efficiency — navigating rigid legacy systems, endless manual processes, and disconnected data. These fragmented environments slow down decision-making, elevate risk, and obscure a clear, consolidated view of portfolios. Clearwater is changing that,” officials say.
Beacon’s cross-asset risk modeling will be integrated “with front-office capabilities and alternative asset intelligence from the acquisitions of Enfusion, Inc. … and Blackstone’s Bistro platform, respectively,” according to Clearwater.
The unified platform to come will span the full investment lifecycle — “from trading and modeling to accounting and regulatory reporting,” officials say. “The single architecture to come will eliminate silos across the front, middle, and back office, providing real-time data, transparency, and scale for today’s institutional investors operating across public and private markets.”
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