Analytics solutions provider Clearwater Analytics Holdings (Clearwater) is to acquire Paris-based technology firm JUMP Technology (JUMP). Clearwater will pay €75 million in the deal, which is expected to close within the next two months.
JUMP uses a modular approach, allowing clients to choose specific solutions for individual needs. The company covers the entire investment management chain in a single software platform, and includes data management, front-, middle-, and back-office services and reporting capabilities.
Through the acquisition, JUMP’s solution will be integrated with Clearwater’s existing platform, Clearwater Prism. This will provide an end-to-end platform for the hedge fund and investment management industry, and offer end-to-end capabilities for unit linked funds in Europe.
Sandeep Sahai, CEO of Clearwater Analytics, says: “This acquisition furthers Clearwater’s journey to become a multi-product company, gives us immediate scale in Europe, and expands our offering to cover the entire investment lifecycle. JUMP’s commitment to innovation and building the best platform for their clients is extraordinary.”
Emmanuel Fougeras, founder and CEO of JUMP, adds: “We are delighted to combine our world-class technology with a global go-to-market engine. Clearwater shares our passion for building innovative technologies that enrich the client experience and enables asset managers and insurers to grow confidently.”
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