Clearwater Analytics has partnered with Wilshire Advisors and acquired its risk and performance analytics solutions.
Clearwater will acquire Wilshire Axiom, Wilshire Atlas, Wilshire Abacus and Wilshire iQComposite. These models provide fixed income analytics, equity analytics and performance measurement, accounting and GIPS compliance support analytics, respectively.
The partnership will see the creation of a new Clearwater Wilshire Analytics platform.
Sandeep Sahai, CEO of Clearwater Analytics, comments: "Wilshire's powerful IP in combination with Clearwater's comprehensive, trusted foundational platform delivers tremendous benefits to our clients and sets a new standard in the industry. Together, we're incredibly 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."
Andy Stewart, CEO at Wilshire, says: "Our team has built a robust, time-tested suite of solutions that delivers actionable insights and continues to represent the gold standard in the industry. 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."
