Clearwater Analytics Hldgs Inc Stock Price, News & Analysis

Clearwater Analytics (NYSE: CWAN) has announced key leadership appointments to strengthen its EMEA expansion. Adrien de La Grange joins as Head of Sales for France, Belgium, and Luxembourg, bringing 17 years of experience from BlackRock. Amina Troger becomes Head of Global Delivery for EMEA, with 20 years of fintech experience. Jose Salas takes on the role of Head of Partnerships and Alliances for EMEA, leveraging his extensive experience in sales partnerships and strategy.

These appointments reflect Clearwater's commitment to localizing its global offerings and delivering customer success. The company recently won the Investment & Portfolio Management Technology of the Year award at the Insurance Investor European Awards. New clients in the region include CCR, Erste Asset Management, and AXA XL's Alternative Capital Team. Clearwater's SaaS solution manages over $7.3 trillion in assets across traditional and alternative types.

Clearwater Analytics (NYSE: CWAN) has launched Clearwater Insights, a powerful peer benchmarking solution for CFOs and treasury teams. This new product enables users to conduct benchmarking analyses across Clearwater's daily investment data portfolio, facilitating better decision-making and return optimization. Key benefits include:

• Informed decision-making
• Objective analysis
• Comprehensive benchmarking

Clearwater Insights allows users to compare their performance against fully customizable peer cohorts, including the Clearwater Corporate Treasury Index of 400+ portfolios. The solution addresses the need for accurate industry performance metrics and transparency, helping financial leaders make strategic investment decisions tailored to their specific needs.

Clearwater Analytics (NYSE: CWAN) announced the winners of its 2024 Client Excellence Awards at Clearwater Connect. The awards recognize individuals, teams, and firms that have achieved growth, operational excellence, and transformations using Clearwater's SaaS-based investment management platform.

Winners include:

• Power Users: Alicia Hill Janowiak (ARMOUR Capital Management LP), Judy Wang (SSI Investment Management), Ryan Rafferty (Securian Financial), Stephen Rivera (Pan-American Life Insurance Group)
• Trailblazer: T. Rowe Price
• Growth Enabler: F/m Investments
• MVP: Andrea Petersen (Kuvare), Joe Fessenden (Prosperity Life Group), Eric Simm (Wellington Management Company)
• Operational Excellence: Neuberger Berman
• Partnered for Success: Fortitude Re, UBS

Clearwater Analytics serves leading insurers, asset managers, corporations, and governments, managing over $7.3 trillion in assets across traditional and alternative types.

Clearwater Analytics (NYSE: CWAN) is set to host Clearwater Connect 2024 on September 17-18 at the Boise Centre. The conference, themed 'Better Together 2.0: Empowering Performance,' will showcase the company's latest innovations in investment management, accounting, reporting, and analytics. Highlights include:

- Demonstrations of new solutions for data management, reporting, and regulatory compliance
- Keynote address by Olympic gold medalist Kristin Armstrong
- Industry expert speakers from companies like J.P. Morgan Asset Management and Resolution Life
- Women in Finance networking breakfast
- Accreditation tracks for continuing education credits
- Product Labs and Workshops for hands-on experience

The event aims to bring together hundreds of professionals to explore Clearwater's platform and discuss market trends, emerging technologies, and regulatory changes.

Clearwater Analytics (NYSE: CWAN), a leading SaaS provider for investment management solutions, has appointed Fleur Sohtz as its new Chief Marketing Officer. With 25 years of experience in scaling high-growth companies, Sohtz brings expertise in achieving double-digit revenue growth and creating integrated marketing programs. Her appointment is part of Clearwater's strategy to evolve its brand and accelerate client success.

CEO Sandeep Sahai highlighted Sohtz's extensive CMO experience in financial services and technology sectors, emphasizing her ability to lead transformative marketing teams that drive growth. Sohtz's role will be important in reaching new clients and partners as Clearwater continues its journey toward becoming a multi-product company, focusing on cross-sell and upsell efforts, and delivering solutions across the entire investment lifecycle.

Clearwater Analytics (NYSE: CWAN) has released its 2024 State of Investment Data Management study, revealing important insights for the investment industry. The study, based on responses from 130 investment professionals, highlights that 60% of firms focus on organic investment performance for AUM growth. Notably, 48% of institutional investors identify client engagement as the primary driver of investment flows.

The research also exposes inefficiencies in data management, with 44% of firms still relying on manual tools like Excel for client reporting, and 21.3% spending 60-80% of their time on client inquiries. However, 41.2% of firms use outsourced third-party tools, indicating a shift towards specialized solutions. The study emphasizes the need for investment in technology to enhance client engagement and operational efficiency.

Clearwater Analytics (NYSE: CWAN) announced that La France Mutualiste, a French mutual insurance group, has successfully transitioned its unit-linked activities to Clearwater's JUMP ULF platform. This move marks a significant digital transformation for La France Mutualiste, aiming to automate investment operations and enhance efficiency. With €10 billion in assets under management, La France Mutualiste selected Clearwater to streamline processes such as order entry, reconciliation, reporting, and custodian communication.

The implementation of Clearwater JUMP ULF is expected to secure investment operations, optimize processes, and transition to a modern technical architecture. This partnership allows La France Mutualiste to focus on high-impact, strategic work while reducing manual tasks and potential risk exposure.

Clearwater Analytics (NYSE: CWAN) has launched a new Commercial Paper (CP) Issuance tool for institutional investors. This SaaS-based solution aims to modernize and streamline the CP issuance process, replacing spreadsheet-dependent and manual methods. The tool includes:

1. Issuance Manager for setting rates and allocations
2. Rates Research module for benchmarking and reporting
3. Dashboards for customized reporting
4. Issuance Tracker for real-time monitoring

The tool is designed to provide a comprehensive overview of CP issuances, enhance operational efficiency, and ensure compliance. Clearwater Analytics, which manages over $7.3 trillion in assets, expects this solution to set a new industry standard for operational excellence in the CP market.

Clearwater Analytics (NYSE: CWAN) announced its Q2 2024 results with record revenue of $106.8M, up 19% YoY. The company achieved a net income of $0.3M, a significant improvement from the $11.9M loss in Q2 2023. Adjusted EBITDA rose 35% to $33.4M. Annualized Recurring Revenue (ARR) increased by 22% YoY to $427.2M. Operating cash flows surged by 108% to $43.9M. Key metrics include a gross revenue retention rate of 99% and a net revenue retention rate of 110%. The company completed the acquisition of an advanced analytics platform from Wilshire Advisors. Future guidance projects Q3 revenue between $113M to $114M, with full-year revenue expected to grow by 20%-21% to $442M-$444M. Adjusted EBITDA is forecasted at $36M for Q3 and $140M for the full year, maintaining a 32% margin. A conference call is scheduled for July 31, 2024, at 5:00 PM ET to discuss these results.