Clearwater Analytics, a provider of SaaS-based investment accounting, reporting and analytics services, has acquired Paris-based Jump Technology, a software company focused on the investment management industry.
Jump’s technology is used by investment managers, hedge funds, private banks, family offices, insurers and institutional investors. The software looks to allow clients to use a specific service for particular business needs and covers the entire investment management value chain. With the deal, Clearwater aims to offer an end-to-end software service for the hedge fund and investment management industry.
“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,” comments Sandeep Sahai, CEO at Clearwater Analytics.