Clearwater Analytics Named Rising Star By Deloitte Technology Fast 500

14-Jan-2009

Boise Company Recognized For 372 Percent Growth from 2005-2007, Making It One Of The Fastest Growing Young Companies in North America

BOISE, ID - January 14, 2009 — Clearwater Analytics — a leading technology and service provider of web-based investment portfolio reporting and analytics — has been named a Deloitte Technology Fast 500 Rising Star for 2008. Headquartered in Boise, Idaho, with offices in New York City, Clearwater Analytics delivers transparent, integrated and actionable daily accounting, compliance, performance and risk reporting and analytics to investors, investment managers, custody banks and transaction execution portals. Currently, Clearwater Analytics reports on nearly $400 billion in assets for more than 2,000 institutional investors globally.

About The Deloitte Technology Fast 500

Each year, the Deloitte Technology Fast 500 recognizes North America’s fastest growing companies in business five years or more in technology, media, telecommunications and life sciences. A special category, the Rising Star Award, honors organizations that have been in business a minimum of three years but less than five years and have achieved 2007 operating revenues of at least $5 million. Award recipients must also own proprietary technology or intellectual property that contributes to a significant portion of the company's operating revenues or devote a significant portion of revenues to the research and development of technology.

Clearwater Analytics was named a 2008 Deloitte Technology Fast 500 Rising Star for achieving 372 percent growth from 2005 to 2007. Clearwater Analytics is the only Idaho company ever to be recognized as a Rising Star by the Deloitte Technology Fast 500.

"Deloitte’s Technology Fast 500 Rising Star list honors young companies that have differentiated themselves not only through technology innovation, but extraordinary revenue growth," said Deloitte LLP Boise Managing Partner Glen Storer. "We congratulate Clearwater Analytics for the remarkable three-year growth that propelled it to the ranks of our 2008 Rising Stars."

"In today’s economic climate, organizations have a critical need for transparent, timely information on their investment portfolios in order to make accurate accounting entries, monitor compliance, measure performance, assess risk, and make informed investment decisions," stated Clearwater Analytics Chief Executive Officer, Courtlandt Gates. "At Clearwater Analytics, we are incredibly proud of the innovative investment portfolio reporting and analytics services we bring to over 2,000 global investors on a daily basis. And we’re equally proud of the value our clients derive from our services, especially in today’s challenging marketplace. We extend our thanks to the Deloitte Technology Fast 500 on our selection as a Rising Star, and we’re thrilled to learn that Clearwater Analytics is the first Idaho company to have been honored with this prestigious award."

Idaho Governor C.L. "Butch" Otter offered Clearwater Analytics his congratulations on the award.

Clearwater Analytics' Core Technology and Services

Clearwater Analytics' state-of-the art, dashboard-style reporting and analytics platform provides standardized, highly-scalable transparency into separately managed accounts and comingled accounts, including money market funds, to support informed decision-making. With Clearwater Analytics, investment, treasury and finance professionals can:

  • Automate manual processes to optimize efficiency,
  • Eliminate Sarbanes-Oxley control deficiencies to maintain regulatory compliance,
  • Streamline off-cycle accounting closes to match client-specific calendars,
  • Implement consistent accounting assumptions across portfolios, enabling accurate accounting entries,
  • Track and monitor investment policy violations, and
  • Identify and assess risk across a broad range of investment criteria.

Clearwater Analytics' reporting platform displays investment portfolio information and characteristics at the executive summary level and provides drill-down functionality to the individual tax-lot level. The core technology platform is comprised of four modules:

  • Accounting provides independent, balance sheet, income statement and cash flow statements at the individual reporting level. Accounting reports are supplemented by transaction, income and security detail, general ledger entries, impairment analysis, trading activity, cash flow forecast, tax lots and more.
  • Compliance monitors and compares the status of aggregated and individual investment portfolios against the investment policy. This module also delivers daily automated notification of current violations, and maintains a history of prior violations.
  • Performance allows investors to compare the performance of their investment managers with customized benchmarks. Reports and return calculations are designed to meet applicable Global Investment Performance Standards (GIPS).
  • Risk measures and reports on portfolio risk across multiple asset classes, including issuer, security type, currency and country concentrations.

Additionally, Clearwater Analytics recently unveiled a breakthrough technology platform that is establishing new industry reporting standards for transparency into money market funds. Money Fund Transparency' is a revolutionary web-based platform that provides access to a variety of analytics, metrics and other detailed asset information critical to the analysis, comparison and selection of money funds. Introduced in 2008, the platform is revolutionizing the investment industry by establishing higher transparency standards for money fund holdings.

About Clearwater Analytics

Clearwater Analytics is a leading technology and services provider of web-based, investment portfolio reporting and analytics. Clearwater Analytics’ technology platform aggregates and reconciles investment portfolio transactions and holdings data from safekeeping entities daily, integrates third-party sources, and generates standardized, transparent reporting and analytics for investors, investment managers, custody banks and transaction execution portals. Headquartered in Boise, Idaho, with offices in New York City, Clearwater Analytics reports on nearly $400 billion in assets for more than 2,000 institutional investors globally.

Clearwater Analytics’ technology and services address investment portfolio reporting and analytics needs for a broad range of investors, including operating funds, insurance companies, private wealth and family offices, endowments and foundations. For more information on Clearwater Analytics’ technology and services, call (208) 433-1200 or visit https://www.clearwateranalytics.com.

About Deloitte

As used in this document, "Deloitte" means Deloitte LLP. Please see www.deloitte.com for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.