Clearwater Analytics to acquire risk and performance analytics solutions from Wilshire Advisors for $40m.

Clearwater Analytics, a SaaS-based investment management, accounting, reporting, and analytics solutions provider, agreed to acquire risk and performance analytics solutions from Wilshire Advisors, a global financial services firm for $40m. “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,” Andy Stewart, Wilshire CEO.