Clearwater Analytics to acquire Beacon from PIMCO for $560m.

Clearwater Analytics, a software-as-a-service fintech company, agreed to acquire Beacon, a financial technology company, from PIMCO, an investment management firm, for $560m. “This is an incredible moment—not just for Beacon, but for the entire industry. Our platform is already integrated with Clearwater and Enfusion at many of our shared clients, delivering best-in-class risk, performance and pre-trade functionality. By bringing these platforms together, along with Blackstone’s Bistro, we’re creating something truly industry-leading—giving institutional investors complete transparency across front office, pre-trade, risk and accounting. We believe no one else can offer this level of depth, and I couldn’t be more excited for what’s ahead,” Kirat Singh, Beacon CEO.