Unified Platform to Deliver Full Investment Management Lifecycle—From Trading and Compliance to IBOR, Accounting, and Regulatory Reporting Across Jurisdictions
BOISE, NEW YORK, CHICAGO, LONDON and HONG KONG, April 30, 2025 — Clearwater Analytics (NYSE: CWAN) (“Clearwater”), the most comprehensive technology platform for investment management, today announced it has completed its acquisition of Beacon Platform Inc. (Beacon), a provider of enterprise risk analytics and developer infrastructure. The acquisition strengthens Clearwater’s capabilities in complex portfolio management across both public and private markets, including structured products, private credit, and derivatives.
For years, institutional investors have faced a tradeoff between advanced analytics and operational efficiency—navigating rigid legacy systems, endless manual processes, and disconnected data. These fragmented environments slow down decision-making, elevate risk, and obscure a clear, consolidated view of portfolios.
Clearwater is changing that. With the integration of Beacon’s cross-asset risk modeling with front-office capabilities and alternative asset intelligence from the acquisitions of Enfusion, Inc. (Enfusion) and Blackstone’s Bistro platform (Bistro), respectively, Clearwater will offer a unified platform that spans the full investment lifecycle—from trading and modeling to accounting and regulatory reporting. This single architecture will eliminate silos across the front, middle, and back office, providing real-time data, transparency, and scale for today’s institutional investors operating across public and private markets. The platform will enable clients to act on insights in near real-time, without the constraints of legacy software and infrastructure.
Beacon’s modular infrastructure delivers real-time analytics, scenario modeling, and custom development environments trusted by some of the world’s most sophisticated asset managers and banks, including PIMCO, Blackstone, hedge funds, and energy and commodities traders. Once integrated, these capabilities will support next-generation solutions for portfolio construction, risk management, and stress testing, fully embedded within the Clearwater platform.
“With Beacon, we’ve expanded our platform to deliver end-to-end support across the entire investment lifecycle—from front-office modeling to middle- and back-office operations,” said Sandeep Sahai, Chief Executive Officer at Clearwater. “Together, along with Enfusion and Bistro, we’re transforming a fragmented industry landscape with a unified platform built for today’s institutional investors—streamlining complexity, accelerating decision-making, and driving performance across public and private markets.”
“Beacon’s mission has always been to bring transparency and control to the most complex parts of financial markets,” said Kirat Singh, President, Risk & Performance at Clearwater and former CEO and Co-Founder of Beacon. “By joining Clearwater, we can now deliver these capabilities at scale. Together, we’re helping investors move beyond reporting to real-time action, with the infrastructure global institutions need to succeed.”
Clearwater will share additional details during its Q1 2025 earnings call today at 5:00 p.m. ET.
