Clearwater Analytics Hldgs Inc Stock Price, News & Analysis

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.

Clearwater Analytics (NYSE: CWAN) reported strong Q4 2024 results with record quarterly revenue of $126.5 million, up 28% year-over-year. The company achieved an Annualized Recurring Revenue (ARR) of $474.9 million, marking a 25% increase, and a net revenue retention rate of 116%.

Key financial highlights include net income of $420.3 million (including a one-time $472 million tax benefit) and Adjusted EBITDA of $41.7 million, up 39% year-over-year. The company processes $8.8 trillion in assets daily, up from $7.3 trillion in 2023.

Notably, Clearwater announced plans to acquire Enfusion for $1.5 billion, aiming to create the first cloud-native front-to-back platform for investment management. The company expanded its client base to 1,462, with 100 clients contributing at least $1.0 million in ARR.

Clearwater Analytics (NYSE: CWAN) has announced its executive leadership team's participation in several major investor conferences during Q1 2025. CFO Jim Cox will attend multiple events, including the Bernstein Insights conference in Menlo Park, William Blair West Coast Technology Bus Tour in San Francisco, and Morgan Stanley Technology, Media & Telecom Conference. Additionally, Chief Strategy Officer Shane Akeroyd and Head of IR Joon Park will participate in the Mizuho US Consumer, Industrials & TMT Summit in Tokyo.

The company, which manages over $7.3 trillion in assets through its SaaS-based investment management platform, will make webcasts of the fireside chats available on their investor relations website. Clearwater Analytics provides services including portfolio planning, performance reporting, data aggregation, reconciliation, accounting, compliance, risk, and order management.

Clearwater Analytics (NYSE: CWAN) has announced it will release its fourth quarter and full year 2024 financial results after U.S. market close on Wednesday, February 19, 2025. The company will host a conference call and webcast at 5:00 p.m. ET on the same day to discuss the results.

Interested participants can access the webcast through the company's investor relations website, where they must register and install any necessary audio software in advance. A replay of the webcast, financial press release, related financial tables, and call transcript will be made available on the investor relations website following the event.

Clearwater Analytics Holdings (NYSE: CWAN) has announced the launch of a proposed $800 million senior secured Term Loan B Facility, due 2033. The company plans to use the proceeds from this Term Loan, along with equity issuance, to finance its previously announced acquisition of Enfusion, Inc. (NYSE: ENFN). The total transaction price for the Enfusion acquisition is approximately $1.5 billion. Clearwater Analytics is a leading global provider of SaaS-based investment management, accounting, reporting, and analytics solutions.

Clearwater Analytics (NYSE: CWAN) has strengthened its Asia-Pacific presence with the appointment of George Hindmarsh as Head of Sales and Business Development for Asia-Pacific. Hindmarsh brings 25 years of experience from previous roles at Citigroup, Northern Trust, and HSBC.

The company has also been named Technology Provider of the Year at the InsuranceAsia News Excellence Awards for the third consecutive year, recognizing its innovation and commitment to the Asia-Pacific (re)insurance market. Recent regional investments include a new Hong Kong office complementing its Singapore presence.

Notable client success includes MSIG Singapore, which selected Clearwater's platform for investment data management, portfolio analytics, and reporting operations, particularly for IFRS 9 compliance. Clearwater's SaaS solution currently manages over $7.3 trillion in assets across traditional and alternative investments.

Clearwater Analytics (NYSE: CWAN) has announced that Security Mutual Group has selected its platform to enhance performance attribution and risk analysis capabilities. The platform will enable Security Mutual to conduct advanced analytics across multiple asset classes, perform detailed risk simulations, and test various scenarios including interest rates, credit spreads, and foreign exchange rates.

Security Mutual will utilize Clearwater's platform to move away from legacy systems, gaining access to comprehensive risk and shock analysis tools. The solution will provide detailed insights for data-driven decision-making through seamless data ingestion and aggregation. Clearwater's platform manages over $7.3 trillion in assets across traditional and alternative asset types, serving insurers, asset managers, corporations, and governments through its single instance, multi-tenant architecture.

Clearwater Analytics (NYSE: CWAN) has announced its acquisition of Enfusion (NYSE: ENFN) for approximately $1.5 billion, or $11.25 per share in a mixed cash-stock deal. The transaction includes a $30 million payment to terminate Enfusion's tax receivable agreement.

The strategic acquisition aims to create the first cloud-native front-to-back platform for the investment management industry, combining Enfusion's front-office capabilities with Clearwater's middle and back-office solutions. The merger is expected to expand Clearwater's TAM by $1.9 billion and accelerate global growth, particularly in Europe and Asia where Enfusion generates 38% of its revenue.

Enfusion's preliminary full-year 2024 revenue is expected at $201-202 million (15-16% YoY growth) with ARR of $210-211 million (13-14% YoY growth). The deal is anticipated to close in Q2 2025, subject to approvals. Clearwater expects to achieve $20 million in cost savings and improve Enfusion's Adjusted EBITDA margin by 400 bps in the first year and another 400 bps in the second year post-close.

Clearwater Analytics (NYSE: CWAN) has been selected by the Alameda County Employees' Retirement Association (ACERA) to provide data validation, shadow book of record accounting, and total plan reporting for their investment portfolio. The partnership aims to enhance ACERA's alternative assets management, which now represents over 35% of public pension funds' portfolios.

The Clearwater platform, equipped with Generative AI capabilities, will automatically aggregate and validate data across multiple sources, identifying anomalies and streamlining operational processes. Key benefits include improved accuracy for decision-making, reduced risk through real-time data validation, enhanced operational efficiency, and simplified total plan reporting with automated Investment Committee and Board Reports.