Clearwater Analytics (CWAN) announced two strategic acquisitions, marking a major step toward transforming investment management technology.

Clearwater Analytics has agreed to buy Beacon Platform, a provider of cross-asset class modeling and risk analytics, and Bistro, Blackstone's proprietary portfolio visualization software platform built for its credit and insurance business, for a combined $685 million in cash and stock.

Clearwater Analytics (NYSE:CWAN) has announced acquisitions of Beacon and Blackstone’s (BX) Bistro to deliver investment intelligence across private markets. With ARR of around $44M at the end ...