Clearwater Analytics has accomplished its acquisition of threat analytics and developer infrastructure firm Beacon.
The acquisition will increase Clearwater’s capabilities in advanced portfolio administration for each private and non-private markets.
Beacon made its Finovate debut at FinovateAsia in Hong Kong in 2018. The corporate is headquartered in New York.
First introduced in March, funding administration know-how platform Clearwater Analytics reported this week that it has accomplished its acquisition of enterprise threat analytics and developer infrastructure firm Beacon. Clearwater acquired the corporate for roughly $560 million. The corporate paid 60% of the acquisition worth in money and the stability in shares of Clearwater Class A typical inventory.
The acquisition enhances Clearwater’s capabilities in advanced portfolio administration—together with structured merchandise, personal credit score, and derivatives—for each private and non-private markets. Clearwater will combine Beacon’s cross-asset threat modeling with the front-office capabilities and different asset intelligence from its acquisitions of Enfusion Inc. and Blackstone’s Bistro platform, respectively.
This may allow Clearwater to supply a unified platform that covers your complete funding lifecycle from buying and selling and modeling to accounting and regulatory reporting. The platform eliminates front-, middle-, and back-office siloes to supply real-time knowledge, transparency, and scale with out the hindrance of legacy software program and infrastructure.
“With Beacon, we’ve expanded our platform to ship end-to-end assist throughout your complete funding lifecycle—from front-office modeling to middle- and back-office operations,” Clearwater CEO Sandeep Sahai mentioned. “Collectively, together with Enfusion and Bistro, we’re remodeling a fragmented trade panorama with a unified platform constructed for right now’s institutional traders—streamlining complexity, accelerating decision-making, and driving efficiency throughout private and non-private markets.”
Based in 2014, Beacon supplies a unified, cross-asset buying and selling and threat administration resolution for funding and threat administration groups. The corporate’s platform provides pre-built buying and selling and threat purposes, in addition to the pliability to construct and scale customized analytics and fashions shortly and effectively. Beacon’s know-how is utilized by banks to enhance threat administration and visibility, by funding managers to optimize place and portfolio administration, and by vitality and commodities corporations, in addition to different asset administration corporations, to adapt to new markets and extra effectively function in illiquid markets.
“Beacon’s mission has all the time been to deliver transparency and management to essentially the most advanced elements of economic markets,” former CEO and Co-Founding father of Beacon Kirat Singh mentioned. Singh is now President, Threat & Efficiency at Clearwater. “By becoming a member of Clearwater, we will now ship these capabilities at scale. Collectively, we’re serving to traders transfer past reporting to real-time motion, with the infrastructure world establishments have to succeed.”
Headquartered in New York, Beacon made its Finovate debut at FinovateAsia 2018 in Hong Kong. The corporate secured its first banking purchasers the next yr, forging partnerships with Commonwealth Financial institution of Australia, SMBC Capital Markets, and others. Beacon introduced its first European vitality purchasers in 2020 and, in 2021, secured Collection C funding in a spherical led by Warburg Pincus. Extra just lately, Beacon reported that UK-based long-term financial savings and retirement agency Phoenix Group had deployed Beacon as its first quantitative growth platform.
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