Clearwater Analytics, a U.S.-based provider of SaaS-based investment accounting, reporting, and analytics solutions, has entered into an agreement to acquire France-based JUMP Technology. Clearwater expects the acquisition to close before year-end. The terms of the agreement will lead to the purchase of JUMP Technology for EUR75m. The acquisition will add 100 employees serving 70 clients across Europe.
JUMP Technology, whose clients include Rothschild & Co Asset Management, Groupama, Groupe VYV, APICIL Asset Management, and Moneta Asset Management, has developed a modular technology platform that is dedicated to the investment management industry. The JUMP solution covers the entire investment management value chain for a broad range of financial instruments, through a single software platform combining data management, front-middle-back office, and reporting capabilities.