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Clearwater agrees to buy investment management platform Enfusion for $1.5B


Clearwater Analytics said it has entered into a definitive agreement to acquire investment management platform Enfusion for $1.5 billion.

Clearwater Analytics, a company developing accounting, compliance, and risk reporting tools for asset managers, said on Monday it has entered into a definitive agreement to acquire investment management platform Enfusion for $1.5 billion. Notable customers include J.P. Morgan Asset Management, Facebook, Cisco, and Oracle. Kyle Wiggers is a senior reporter at TechCrunch with a special interest in artificial intelligence.

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