Clearwater Analytics has entered into an agreement that will lead to the acquisition of Paris, France-based JUMP Technology.
The firm said the transaction will expand its capabilities in investment management and operations with a complete front-to-back solution. Clearwater expects the acquisition to close within the next two months.
JUMP Technology, whose clients include market leaders Rothschild & Co Asset Management, Groupama, Groupe VYV, APICIL Asset Management, and Moneta Asset Management, has developed a modular, technology platform that is dedicated to the investment management industry spanning investment managers, hedge funds, private banks, family offices, insurers, and institutional investors.
"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," said Sandeep Sahai, CEO at Clearwater Analytics.
"I have had the pleasure of getting to know JUMP founder Emmanuel Fougeras and his team and their commitment to innovation and building the best platform for their clients is extraordinary. We look forward to welcoming JUMP's employees and clients to the Clearwater family, and together, building an industry-disrupting leadership position in the market."
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