Clearwater Analytics Opens Software Development Center21-Apr-2011
BOISE, ID – April 21, 2011 – Clearwater Analytics, a Boise-based SaaS company providing web-based investment portfolio reporting and analytics, officially launched its dedicated software development center in downtown Boise. Clearwater's hosted system allows institutional investors to accurately and transparently track activity in their investment portfolios, using independently-verified data that is aggregated and reconciled daily.
Clearwater's new facility, located at 225 N 9th St., is designed to accommodate up to 80 software engineers. Currently, Clearwater employs 42 people in its software development division. The 10,000 square foot facility has been specifically designed to meet the needs of its employees, while allowing for maximum productivity and operational flexibility. With plans to double the size of its team in the next two years, Clearwater has signed a multi-year agreement to occupy the entire third floor.
Founded in 2004, Clearwater has experienced explosive growth over the last seven years. Since then, Clearwater has gone from reporting on $25 billion in assets to its current total of $650 billion. The company is rapidly attracting new clients and has plans to significantly expand its workforce across all divisions.
"This new development center represents a significant step forward in Clearwater's path to better serving its clients and its employees," said Courty Gates, CEO of Clearwater Analytics. "Our new purpose-designed space will allow our developers to operate in an environment more conducive to focused collaboration as we begin a year filled with our most important projects to date. In addition, this new space allows us to grow our development resources significantly. Given our annual, compounded growth rate of 60%, we have a constant demand for great people to meet the needs of an ever-expanding client base."