Clearwater Analytics completed the acquisition of Beacon from PIMCO for $560m.

Clearwater Analytics, a software-as-a-service fintech company, completed the acquisition of Beacon, a financial technology company, from PIMCO, an investment management firm, for $560m. “With Beacon, we’ve expanded our platform to deliver end-to-end support across the entire investment lifecycle—from front-office modeling to middle- and back-office operations. Together, along with Enfusion and Bistro, we’re transforming a fragmented industry landscape with a unified platform built for today’s institutional investors—streamlining complexity, accelerating decision-making, and driving performance across public and private markets,” Sandeep Sahai, Clearwater CEO.