Locally owned. Supported by members.

Boise’s Clearwater Analytics announces large investment

Boise Centre is open
Idaho Business pres. by My 102.7

Boise-based Clearwater Analytics, the Boise-based financial software solution company, landed a new set of investment.

In August, BoiseDev told you about reporting indicating Clearwater sought new owners or a sale. Today’s news doesn’t change control of the company, but adds four new investment firms to the mix.

In 2016, Welsh, Carson, Anderson & Stowe, a buyout firm, acquired Clearwater. It later installed a new CEO. WCAS stays as majority shareholder but adds Permira, Warburg Pincus, Dragoneer Investment Group, and Durable Capital to the ownership ranks.

“Our new partnership with Permira, Warburg Pincus, Dragoneer, and Durable, builds upon our very strong relationship with WCAS and continues the momentum Clearwater has achieved as the innovative leader in the investment accounting and analytics market,” company CEO Sandeep Sahai said in a prepared statement. “We look forward to benefitting from all of our partners’ deep domain expertise, global resources, and growth capital as we continue to extend Clearwater’s international reach and advance our solution set for our valued clients.”

BoiseDev FIRST members made this story possible. If you aren’t already a member, sign up now to get our daily scoop sheet in your inbox, and help support independent journalism in Boise.

IPO or no?

- Story continues below ads -
Tamarack Resort Q4 2020
116 & West

On Friday, Barron’s said the company would prepare for an initial public offering of the company, though today’s release did not mention that action. Barron’s also said the new investments would value the company at $3 billion.

In a release, Clearwater said the new investors will help make possible future merger and acquisition activity possible.

If the Barron’s figure is accurate, it would make the Clearwater investment the second billion-dollar plus deal involving a Boise company in just the last month. Ericsson announced it would acquire Cradlepoint later this year for $1.1 billion.

David Boren, Micahel Boren, and Douglas Bates founded the company in Boise in 2004. It operates out of a large custom-built office building in Downtown Boise – though most employees continue to work from home in wake of the COVID-19 pandemic.

Local news. Locally owned. Supported by members.

Your membership makes these stories possible. Plus, you get our popular daily email with all our stories delivered straight to you.

Don Day
Don is the founder and editor of BoiseDev. He is a National Edward R. Murrow Award winner and a Stanford University John S. Knight Fellow.

In-N-Out Burger sets plan for Boise, but it will be a while still

It’s the question we get more than just about any other inquiry: When will the Boise area get an In-N-Out Burger?

Boise Startup Week ready to go – virtually, with a twist

Boise Startup Week is back this year, but this time it’s going virtual. In the spirit of 2020 the theme of this...

Some Boise bike bars propose less stringent regulations amid complaints

Boise City Council was prepared to put the hammer down on controversial bike bars, but business owners are hoping for a compromise. 

Albertsons sees stock pop after earnings report, rolls out new payment system

Boise-based grocery giant Albertsons reported a strong earnings story Tuesday for its latest corner - causing the company’s stock to pop on...

Popular

In-N-Out Burger sets plan for Boise, but it will be a while still

It’s the question we get more than just about any other inquiry: When will the Boise area get an In-N-Out Burger?

‘Sort of magical:’ Vegas country bar launches offshoot in Emmett – with a different vibe (and racetrack)

Country music tunes will soon waft from a portion of the old Boise Cascade laminate plant in Emmett. And Chris Lowden...

It looks like there’s another large Amazon facility on the way in Boise

A large new industrial facility in the desert south of Boise could pop up soon. And it appears the tenant -- is...

IKEA? In-N-Out? Dunkin’? A crystal ball look at when the area could get some big names

The team of LeAnn Hume, Andrea Nilson and Sara Shropshire know the local retail and restaurant scene inside-out. The trio from Cushman...
Tamarack Resort Q4 2020

Related

Report: Boise tech firm Clearwater Analytics considers sale or other options

Clearwater Analytics, a Boise-based firm that helps companies with financial software solutions, could soon find new owners. Reuters reports...
SERVPRO Certified

Latest

In-N-Out Burger sets plan for Boise, but it will be a while still

It’s the question we get more than just about any other inquiry: When will the Boise area get an In-N-Out Burger?

Boise Startup Week ready to go – virtually, with a twist

Boise Startup Week is back this year, but this time it’s going virtual. In the spirit of 2020 the theme of this...

It looks like there’s another large Amazon facility on the way in Boise

A large new industrial facility in the desert south of Boise could pop up soon. And it appears the tenant -- is...

‘Sort of magical:’ Vegas country bar launches offshoot in Emmett – with a different vibe (and racetrack)

Country music tunes will soon waft from a portion of the old Boise Cascade laminate plant in Emmett. And Chris Lowden...

Twilegar challenges Bennetts in rare contested Ada prosecutor race

For only the third time in roughly four decades, voters can choose between a Democrat...

McCall’s hospital gets big upgrades with $40-million project

St Luke’s McCall is undergoing a major expansion with half of the hospital not seeing major improvement in 60 years.