10:31 AM EDT, 04/02/2024 (MT Newswires) -- Clearwater Analytics ( CWAN ) said Tuesday it agreed to acquire risk and performance analytics solutions from Wilshire Advisors for roughly $40 million, with deal closing expected in Q2.

Clearwater will acquire Wilshire Axiom, Wilshire Atlas, Wilshire Abacus, Wilshire iQComposite and GIPS compliance support analytics, according to the company.

The company said it will merge these solutions with its own risk and performance analytics platform and the partnership will be cobranded as Clearwater Wilshire Analytics.

The assets will add about $7 million in annualized revenue, the company said.

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