Clearwater acquires JUMP Technology to scale in Europe

Clearwater Analytics Holdings, a provider of SaaS-based investment accounting, reporting, and analytics solutions, has agreed to acquire Paris, France-based JUMP Technology to fuel its expansion across Europe and offering for the hedge fund and investment management industry.

This transaction will expand Clearwater Analytics’ 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 an innovative, modular, technology platform that is dedicated to the investment management industry spanning investment managers, hedge funds, private banks, family offices, insurers, and institutional investors.

The JUMP solution covers the entire investment management value chain, for a broad range of financial instruments, in a single software platform combining Data Management, Front-Middle-Back office, and reporting capabilities. JUMP’s modular approach allows clients to use a specific solution for a particular business need - PMS, OEMS, Performance Attribution, NAV, Unit Linked Funds, Reporting) or for the entire Front-to-Back value chain.

The acquisition will allow Clearwater to offer an innovative, end-to-end platform for the hedge fund and investment management industry. Combined with Clearwater Prism, it will provide an enterprise-class solution for investment managers of all sizes.

The modular nature of the JUMP platform will allow current clients and prospects of Clearwater to utilise advanced performance and attribution capabilities and front-office modules that will integrate with the Clearwater platform, while clients in Europe will get full end-to-end capabilities for unit linked funds.

“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.

Emmanuel Fougeras, founder and CEO at JUMP Technology, said: "Clearwater shares our passion for building innovative technologies that enrich the client experience and enables asset managers and insurers to grow confidently. I can’t think of a better place for our team to continue our mission and make JUMP’s technology available to a global customer base.”

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