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… Read More >>
Meradia Is the First Partner in FundGuard’s Training Program
Investment accounting platform provider FundGuard reports that Meradia, an operations and technology consultancy for investment managers, is the first participant in FundGuard’s implementation partner training program. “Meradia has been our inaugural participant for the training program and we appreciate their collaboration and feedback,” John Lehner, president of FundGuard, tells FTF News. “The training program is… Read More >>
M&G Investments Picks Clearwater Analytics
London-based M&G Investments, an international asset manager and part of M&G plc has tapped Clearwater Analytics for its software-as-a-service (SaaS) investment accounting solution for investment accounting and reporting, officials say. The Clearwater Analytics offerings encompass investment management, accounting, reporting, and analytics solutions. “The Clearwater platform will automate investment management and regulatory reporting and support the… Read More >>
FundGuard Raises $100M to Ramp Up Platform & Staff
FundGuard, an investment accounting platform provider founded in 2018, has just raised $100 million via Series C funding — generally for late-stage startups — because the company is the first of its kind in 25 years to advance securities operations, company officials say. FundGard will be using the cash infusion to hasten the development of… Read More >>
BNP Paribas & Clearwater Partnership Yields Combined Services
Custodian BNP Paribas Securities Services and service provider Clearwater Analytics have formed a partnership that is targeting asset owners by combining custody services with investment accounting support from Clearwater, officials say. The gain for potential clients of both is that BNPPSS and Clearwater have coupled their offerings to ensure a preconfigured set-up for all the… Read More >>
World Bank Signs Licensing Agreement with SimCorp
World Bank Deployment to Cover Middle and Back Offices SimCorp, which provides investment management products and services to the financial services industry, reports that the World Bank has licensed SimCorp Dimension, the vendor’s investment management system. The agreement was signed in late 2018, per SimCorp. Under the agreement, the World Bank has licensed SimCorp’s “middle… Read More >>
SimCorp Extends Operations in Europe
Citing a recent client win as the incentive, investment systems vendor SimCorp is revamping its organizational structure in Europe, establishing new Northern and Southern European market units that will be working with the existing Central European group. The changes on the European front will not have any impacts on SimCorp’s operations in North America, SimCorp… Read More >>
