|By Business Wire||
|February 27, 2014 08:03 AM EST||
Clearwater Analytics, the leading provider of web-based investment accounting and reporting solutions, today announced that it has surpassed the $1 trillion mark for total assets on the company’s system. This historic milestone, reached less than a decade after the company was launched, further solidifies its status as the premier provider of automated investment accounting, reporting, and analytics.
Clearwater has become a top choice for thousands of corporations, insurers, asset managers, and financial institutions seeking to not only improve the accuracy and timeliness of their investment operations, but gain better transparency into their investment portfolios. The integrated software-as-a-service (SaaS) solution provides treasury and investment teams with much greater insight into their investment portfolios and accounting teams with a powerful set of tools to generate accurate and timely period-end reporting.
Clearwater’s founders, recognizing the value of an automated, web-based investment accounting system, launched the company in 2004. Among Clearwater’s first clients was the internet auction e-commerce company eBay, which was impressed by its SaaS approach to investment accounting, reporting, and analytics. Soon after, hundreds more leading corporations, including Best Buy, Cisco, Dell, Facebook, Netflix, Oracle, and Starbucks, implemented Clearwater’s innovative solution to streamline their investment accounting and reporting operations.
Corporations weren’t the only clients that saw the value of Clearwater. Asset managers, custody banks, and other financial institutions liked Clearwater’s investment accounting, reconciliation, and reporting capabilities and chose to partner with the fast-growing company. Asset managers such as Treasury Partners, Halyard Asset Management, U.S. Bancorp Asset Management, and many more hired Clearwater to help them increase operational efficiency and improve client-facing services.
In 2009, Clearwater began offering its solution to insurers and quickly made an impression with its fresh approach to solving widespread industry challenges. Clearwater now services more than 220 insurance clients with investment portfolios ranging from $10 million to $20 billion. Clients include Group Health Companies, The Main Street America Group, Savings Bank Life Insurance Company of Massachusetts, SCF Arizona, The Warranty Group, WellCare, and more.
Today, thousands of corporations, asset managers, insurers, and other institutions rely on Clearwater to deliver complete portfolio transparency, insightful analytics, and timely reporting. The company has offices in Boise, Idaho; New York City; and Edinburgh, U.K., and has announced plans to build a new headquarters building in downtown Boise to accommodate its growing team.
“Clearwater has expanded into new markets and increased assets on the system by focusing on client satisfaction and product innovation,” said Scott Erickson, Director of Product Management and Client Services.
“Providing reporting on more than a trillion dollars is an impressive milestone, demonstrating the immense value of the Clearwater system to organizations worldwide,” said Dave Boren, CEO of Clearwater Analytics.
About Clearwater Analytics
Clearwater Analytics® provides web-based investment accounting and portfolio reporting and analytics for corporate treasuries, insurance companies, and asset managers. Clearwater’s daily aggregated and reconciled solutions deliver the highest level of portfolio transparency available on the market today for clients such as Cisco, Oracle, Starbucks, SCF Arizona, The Warranty Group, and WellCare. Launched in 2004, with offices in New York, New York; Boise, Idaho; and Edinburgh, U.K., Clearwater Analytics reports on more than $1 trillion in assets for thousands of institutional investors. For more information about Clearwater Analytics, visit www.clearwateranalytics.com.
The 4th International DevOps Summit, co-located with16th International Cloud Expo – being held June 9-11, 2015, at the Javits Center in New York City, NY – announces that its Call for Papers is now open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and ...
Oct. 31, 2014 08:15 PM EDT Reads: 2,164
SYS-CON Events announced today that SOA Software, an API management leader, will exhibit at SYS-CON's 15th International Cloud Expo®, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. SOA Software is a leading provider of API Management and SOA Governance products that equip business to deliver APIs and SOA together to drive their company to mee...
Oct. 31, 2014 07:15 PM EDT Reads: 2,088
As cloud gives an opportunity to businesses to buy services externally - how is cloud impacting your customers? In his General Session at 15th Cloud Expo, Fabio Gori, Director of Worldwide Cloud Marketing at Cisco, will provide answers to big questions: Do you see hybrid cloud as where the world is going? What benefits does it bring? And how does Cisco connect all of these clouds? He will also te...
Oct. 31, 2014 07:00 PM EDT Reads: 955
Can we look to the paradigm of cloud computing from a completely different perspective? In his General Session at 15th Cloud Expo, Gundars Kulups, Sales Director at DEAC, will discuss what we can learn from our dining habits when choosing a cloud solution. Gundars Kulups is Sales Director at DEAC, full service data center operator. An IT expert, he specializes in European countries and has worke...
Oct. 31, 2014 07:00 PM EDT Reads: 825
SYS-CON Events announced today that TMCnet has been named “Media Sponsor” of SYS-CON's 15th International Cloud Expo®, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Technology Marketing Corporation (TMC) is the world's leading business to business and integrated marketing media company, servicing niche markets within the communications and t...
Oct. 31, 2014 06:30 PM EDT Reads: 940
SYS-CON Events announced today that Aria Systems, the recurring revenue expert, has been named "Bronze Sponsor" of SYS-CON's 15th International Cloud Expo®, which will take place on November 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Aria Systems helps leading businesses connect their customers with the products and services they love. Industry leaders like Pitney Bowes, E...
Oct. 31, 2014 06:30 PM EDT Reads: 2,160
We live in a time when seconds – even milliseconds – can have a dramatic economic impact on your company’s future. With technology being the primary conduit for consumer interaction, the user experience is at center stage. User experience will be a deciding factor in separating the future winners from the losers. By building more speed and agility into the application delivery process, DevOps prom...
Oct. 31, 2014 06:00 PM EDT Reads: 1,408
SYS-CON Events announced today that AgilePoint, the leading provider of Microsoft-centric Business Process Management software, will exhibit at SYS-CON's 2nd International @ThingsExpo which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. AgilePoint is the leading provider of Microsoft-based Business Process Management (BPM) software products, has 1,...
Oct. 31, 2014 05:00 PM EDT Reads: 1,209
SYS-CON Events announced today that Parasoft will exhibit at SYS-CON's 15th International Cloud Expo®, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. For 27 years, Parasoft has researched and developed software solutions that help organizations deliver defect-free software efficiently. By integrating Development Testing, API/cloud/SOA/composi...
Oct. 31, 2014 05:00 PM EDT Reads: 1,079
The Internet of Things (IoT) promises to evolve the way the world does business; however, understanding how to apply it to your company can be a mystery. Most people struggle with understanding the potential business uses or tend to get caught up in the technology, resulting in solutions that fail to meet even minimum business goals. In his session at Internet of @ThingsExpo, Jesse Shiah, CEO / ...
Oct. 31, 2014 04:00 PM EDT Reads: 1,589