Clearwater Analytics Agrees to Acquire JUMP Technology

Acquisition to Fuel Clearwater's European Expansion and Enable Path to Complete Cloud-Based Front-to-Back Investment Lifecyle Solution

BOISE, Idaho, Sept. 29, 2022 /PRNewswire/ -- Clearwater Analytics Holdings, Inc. (NYSE: CWAN), a leading provider of SaaS-based investment accounting, reporting, and analytics solutions, today announced that it has entered into an agreement that will lead to the acquisition of Paris, France-based JUMP Technology. This transaction will vastly expand Clearwater Analytics' capabilities in investment management and operations with a complete front-to-back solution. Clearwater expects the acquisition to close within the next two months.

JUMP Technology, whose clients include market leaders Rothschild & Co Asset Management, Groupama, Groupe VYV, APICIL Asset Management, and Moneta Asset Management, has developed an innovative, modular, technology platform that is dedicated to the investment management industry spanning investment managers, hedge funds, private banks, family offices, insurers, and institutional investors.

The JUMP solution covers the entire investment management value chain, for a broad range of financial instruments, in a single software platform combining Data Management, Front-Middle-Back office, and reporting capabilities. JUMP's modular approach allows clients to use a specific solution for a particular business need — PMS, OMS, Performance Attribution, NAV, Unit Linked Funds, Reporting or for the entire Front-to-Back value chain.

The acquisition will allow Clearwater to offer an innovative, end-to-end platform for the hedge fund and investment management industry. Combined with Clearwater Prism, it will provide an enterprise-class solution for investment managers of all sizes.

The modular nature of the JUMP platform will allow current clients and prospects of Clearwater to utilize advanced performance and attribution capabilities and best-in-class front-office modules that will integrate with the Clearwater platform, while clients in Europe will get full end-to-end capabilities for unit linked funds.

"This acquisition furthers Clearwater's journey to become a multi-product company, gives us immediate scale in Europe, and expands our offering to cover the entire investment lifecycle," said Sandeep Sahai, CEO at Clearwater Analytics. "I have had the pleasure of getting to know JUMP founder Emmanuel Fougeras and his team and their commitment to innovation and building the best platform for their clients is extraordinary. We look forward to welcoming JUMP's employees and clients to the Clearwater family, and together, building an industry-disrupting leadership position in the market."