Clearwater Analytics has agreed to acquire Wilshire Advisors’ risk and performance analytics solutions. The transaction is expected to close in Q2 of 2024.
Wilshire AxiomSM, Wilshire AtlasSM, Wilshire Abacus and Wilshire iQComposite provide fixed income analytics, equity analytics and performance measurement, accounting and Global Investment Performance Standards compliance support analytics, respectively.
These products will be combined with Clearwater’s existing risk and performance analytics platform under the Clearwater Wilshire Analytics moniker.
Through the acquisition, Clearwater aims to provide investment managers and institutional asset owners with enhanced analytical capabilities. The firm provides investment management, accounting, reporting and analytics solutions.
Sandeep Sahai, CEO of Clearwater Analytics, said: “[This] marks a significant milestone for Clearwater, positioning us to supercharge our clients’ risk and performance capabilities across their front and middle office functions while perfectly aligning with the long-term needs of our clients across the entire investment lifecycle.
Andy Stewart, Wilshire CEO, commented: “Our team has built a robust, time-tested suite of solutions that delivers actionable insights. Clearwater is the ideal steward to expand the business, invest in these capabilities, and accelerate the growth of these analytic tools to serve a wide range of clients.”
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