Clearwater Analytics Holdings, Inc.
Clearwater brings transparency to the opaque world of investment accounting and analytics with what we believe is the industry’s most trusted and innovative single instance, multi-tenant technology platform. Our cloud-native software allows clients to radically simplify their investment accounting operations, enabling them to focus on higher-value business functions such as asset allocation strategy and investment selection. Our platform provides comprehensive accounting, data and advanced analytics as well as highly configurable reporting for global investment assets daily or on demand, instead of weekly or monthly. We give our clients confidence that they are making the most informed decisions about investment performance, regulatory compliance and risk.
We provide investment accounting and reporting, performance measurement, compliance monitoring and risk analytics solutions for asset managers, insurance companies and large corporations. Every day, Clearwater’s powerful platform aggregates and normalizes data on over $5.6 trillion of global invested assets for over 1,000 clients. We bring modern software to an industry that has long been dominated by difficult-to-use, high cost legacy technologies and processes, which often lack data integrity and traceability, and often require significant manual intervention. The strength of our platform is demonstrated by our approximately 80% win rate for new clients over the prior four years in deals that reached the proposal stage.
Our principal equity owners are Welsh Carson, Warburg Pincus, Permira and their respective affiliates and permitted transferees.
(Note: Clearwater Analytics priced its IPO on Sept. 23, 2021, at $18 – $2 above the top of its $14-to-$16 price range – and priced 30 million shares, the same of shares in the prospectus, to raise $540 million. Under the IPO’s terms, the estimated proceeds were $450 million if the deal had been priced at the $15 mid-point.)
|Industry:||SERVICES - PREPACKAGED SOFTWARE|
|Address||777 W. Main Street Suite 900 Boise, ID 83702|
|Phone Number||(208) 918-2400|
|View Prospectus:||Clearwater Analytics Holdings, Inc.|
|Revenues||$226.0 mil (last 12 months)|
|Net Income||$-27.0 mil (last 12 months)|
|Price range||$18.00 - $18.00|
|Est. $ Volume||$540.0 mil|
|Manager / Joint Managers||Goldman Sachs/ J.P. Morgan/ Morgan Stanley/ Credit Suisse/ RBC Capital Markets/ Wells Fargo Securities/ Oppenheimer & Co./ Piper Sandler/ William Blair|
|CO-Managers||BNP Paribas/ D.A. Davidson/ AmeriVet Securities/ Loop Capital Markets/ Penserra Securities/ R. Seelaus/ /Siebert Williams Shank|
|Expected To Trade:||9/24/2021|
|Quiet Period Expiration Date:||Available only to Subscribers|
|Lock-Up Period Expiration Date:||Available only to Subscribers|
|SCOOP Rating||Available only to Subscribers|
|Rating Change||Available only to Subscribers|