Clearwater Analytics Hldgs Inc - CWAN STOCK NEWS

Clearwater Analytics reported strong Q1 2025 financial results with record quarterly revenue of $126.9 million, up 24% year-over-year. The company achieved an Annualized Recurring Revenue of $493.9 million, representing 23% growth, alongside a 98% gross revenue retention rate and 114% net revenue retention rate.

Key financial highlights include net income of $6.9 million and Adjusted EBITDA of $45.1 million, up 40% year-over-year. The company's gross margins reached 78.9%, approaching their 80% target ahead of schedule, while R&D spend decreased to 21.6% of revenue.

Notably, Clearwater completed strategic acquisitions of Beacon, Enfusion, and Blackstone's Bistro platform. The company provided guidance for Q2 2025 with expected revenue of $129 million and full-year 2025 consolidated revenue projection of $720-728 million, representing ~59-61% growth. The platform now supports over $8.8 trillion in assets globally.

Clearwater Analytics (NYSE: CWAN) has announced key executive promotions to strengthen its global leadership team. Subi Sethi has been elevated to Chief Operating Officer, while Cindy Blendu takes on the role of Chief Administrative Officer.

During her five-year tenure, Sethi has significantly improved gross margins and client satisfaction while establishing global operation centers. In her new role, she will focus on:

• Enhancing client experience through operational innovation
• Implementing AI-driven solutions
• Delivering real-time data insights
• Streamlining investment operations

Blendu, with six years at Clearwater, will oversee Human Resources, Corporate IT, and Facilities management. Her leadership has already driven improved engagement, efficiency, and productivity across the organization.

These strategic promotions align with Clearwater's growth strategy following recent acquisitions and its commitment to developing executive talent in the global investment management industry.

Clearwater Analytics (NYSE: CWAN) has completed its acquisition of Enfusion, Inc. (NYSE: ENFN) in a deal valued at approximately $1.5 billion. The strategic combination creates the industry's first unified, cloud-native front-to-back platform for institutional investors.

The integration combines Enfusion's front-office capabilities with Clearwater's middle and back-office solutions, eliminating data silos and streamlining investment operations. The expanded platform offers seamless integration across workflows, a single security master, and real-time views of positions, performance, and risk.

The acquisition significantly expands Clearwater's international presence, with Enfusion generating 38% of its revenue from Europe and Asia. The combined company will serve clients from global hubs including Boise, New York, Edinburgh, and New Delhi. The first wave of integration milestones, including unified dashboards and streamlined reconciliation, is already underway.

Clearwater Analytics (NYSE: CWAN) and Enfusion (NYSE: ENFN) have announced preliminary election results for their merger consideration ahead of their expected April 21, 2025 closing. Based on the April 16, 2025 election deadline results:

- 45.5% of Enfusion shareholders elected for Mixed Consideration ($5.85 cash + Clearwater shares) - 40.9% chose Cash Consideration ($10.87 per share) - 6.1% selected Stock Consideration - 7.6% made no valid election

With a Final Parent Stock Price of $23.2440 and 129,995,464 Eligible Shares, the total Aggregate Consideration is valued at $1.41 billion. The Cash Consideration option is oversubscribed and will be subject to proration. The transaction is expected to qualify as a reorganization under Section 368(a) of the Internal Revenue Code.

Clearwater Analytics (NYSE: CWAN) has announced its executive leadership team's participation in multiple investor conferences during Q2 2025. CEO Sandeep Sahai will attend the J.P. Morgan Global Technology Conference (May 14) and Morgan Stanley US Financials Conference (June 11). CFO Jim Cox will participate in the William Blair Growth Stock Conference (June 4), Oppenheimer's Software Bus Tour (June 10), and D.A. Davidson Consumer & Technology Conference (June 11).

The company, which manages over $8.8 trillion in assets, provides SaaS-based investment management solutions including portfolio planning, performance reporting, data aggregation, reconciliation, accounting, compliance, risk, and order management through its single instance, multi-tenant architecture.

Clearwater Analytics (NYSE: CWAN) has announced it will release its first quarter 2025 financial results on Wednesday, April 30, 2025, after U.S. market close. The company will host a conference call at 5:00 p.m. ET on the same day, accessible through a live webcast on their investor relations website.

Clearwater Analytics is a global SaaS provider specializing in investment management solutions, currently managing over $8.8 trillion in assets across traditional and alternative investments. Their single-instance, multi-tenant platform offers comprehensive services including portfolio planning, performance reporting, data aggregation, reconciliation, accounting, compliance, risk, and order management.

Clearwater Analytics (NYSE: CWAN) and Enfusion (NYSE: ENFN) have announced the election deadline for Enfusion shareholders to choose their preferred form of merger consideration. The deadline is set for 5:00 p.m. Eastern Time on April 16, 2025.

The merger consideration options include: (1) $5.85 in cash plus shares of Clearwater Class A common stock determined by the Per Share Parent Stock Amount, (2) Clearwater Class A common stock based on the Exchange Ratio, or (3) cash equal to the Aggregate Consideration Per Share. The final value will be equalized across all options.

The transaction is expected to close around April 21, 2025, subject to Enfusion shareholder approval and other closing conditions. Election materials have been distributed to Enfusion shareholders of record as of March 20, 2025. Shareholders must submit their completed election materials to Computershare Trust Company by the deadline.

Clearwater Analytics (NYSE: CWAN) has announced two strategic acquisitions to transform investment management technology. The company will acquire Beacon, a leader in risk analytics for derivatives and alternative assets, for approximately $560 million, and Bistro, Blackstone's portfolio visualization platform, for $125 million.

The acquisitions aim to create a unified, front-to-back platform that provides real-time portfolio visibility across public and private securities. Beacon's platform, with Annual Recurring Revenue of approximately $44 million expected by end of 2024, serves major financial institutions including PIMCO and Blackstone. The Bistro platform, developed by Blackstone for its Credit & Insurance business, offers comprehensive private credit portfolio analytics.

The combined platform will integrate Clearwater's data and accounting capabilities with Beacon's risk modeling, Bistro's alternative asset intelligence, and Enfusion's front-office functionalities. This integration will create a single source of truth for investment execution, accounting, risk management, and analytics across all asset classes, processing over $8.8 trillion daily.

Clearwater Analytics Holdings (NYSE: CWAN) and Enfusion Inc. (NYSE: ENFN) announced a significant milestone in their proposed acquisition deal with the expiration of the Hart-Scott-Rodino Antitrust Improvements Act waiting period on February 24, 2025. This development marks the fulfillment of a key closing condition for the transaction.

The acquisition, which combines two leading SaaS-based investment management solution providers, is anticipated to close in the second quarter of 2025. The completion remains subject to customary closing conditions, including obtaining Enfusion shareholder approval.