Clearwater Analytics, the US-based investment accounting platform, has bolstered its risk and performance capability by striking a deal with investment advisory firm Wilshire.
Under the terms of the deal, Clearwater will acquire Wilshire’s various risk and performance solutions.
These include Wilshire Axiom, Wilshire Atlas, Wilshire Abacus and Wilshire iQComposite.
The models provide fixed income analytics, equity analytics and performance measurement, accounting and GIPS compliance support analytics, respectively.
As a result of the new acquisitions, Clearwater will create the Clearwater Wilshire Analytics platform.
“We're excited to expand into high-growth markets with a best-in-class investment management solution that will accelerate the way our clients grow their business," said Sandeep Sahai, CEO of Clearwater Analytics.
“Clearwater is the ideal steward to expand the business, invest in these capabilities, and accelerate the growth of these analytic tools to serve a wide range of clients," added Andy Stewart, Wilshire CEO.
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