Clearwater and Gardner Company Announce Plans for New Clearwater Building in Downtown Boise

09-Dec-2013

Leading Software Company Will Anchor Developer’s Newest Boise 
Flagship Project

Clearwater BuildingBOISE, ID – December 9, 2013 — Clearwater Analytics, one of Boise’s premier software companies, and Gardner Company, a leading office, commercial, and industrial developer in the Treasure Valley, have jointly announced plans to build the Clearwater Building, a nine-story office building at the intersection of 8th and Main that will be part of Gardner Company’s new City Center Plaza in downtown Boise. Construction of the 200,000 square-foot building will begin in the fall of 2014 and be tentatively completed in early 2016.

“This is an exciting time for Clearwater Analytics,” said Dave Boren, CEO of Clearwater Analytics. “With our rapid growth, we will soon reach capacity in our current locations, and we have been actively looking at options that could accommodate continued expansion. The decision to build a headquarters building on 8th and Main will allow us to meet the need.”

“We are thrilled with the opportunity to work with one of the Valley’s premier technology companies. We are pleased that we are able to bring a new technology center, like those we have developed elsewhere, to Boise, Idaho. This is a unique site and it represents a new opportunity to attract and cultivate new technology jobs in the downtown core. City Center Plaza will bring together a new mixture of users to downtown,” said Tommy Ahlquist, COO of Gardner Company.

Founded in 2004 by brothers Dave and Mike Boren and Doug Bates, Clearwater has evolved into a leading provider of investment accounting, reporting, and analytics software for institutions such as corporations, insurers, asset managers and other financial institutions. Today, Clearwater reports on nearly $1 trillion in investment assets for some of the largest and most successful companies around the world.

Steady growth and hiring across all parts of the company have prompted the company’s decision to build. The company employs almost 290 software development, client services, product management, data, sales and marketing, and administrative professionals in its Boise, New York, and Edinburgh office locations. More than 275 are based in Boise. Clearwater will consolidate its local operations in the Clearwater Building, as part of City Center Plaza.

Gardner Company has committed itself to quality urban development in downtown Boise. Gardner Company is the developer of 8th & Main, the 253,000 square-foot mixed-use office and retail building in downtown Boise that is scheduled to open shortly. City Center Plaza will integrate Gardner Company’s most recent acquisition, US Bank Plaza, as part of the larger project with office, retail, public service, and education components. Gardner Company’s City Center Plaza will create a vibrant gathering place for Boise’s growing high tech community.

“When Gardner Company approached us with the opportunity to be a part of this project, we immediately saw the value of staying in downtown, and consolidating our Boise workforce into a single facility in a central high-tech hub,” said Boren. “What’s more, it cements our commitment to developing a strong software technology workforce in Boise and creating an environment where our employees can thrive and succeed.”

 ### 

About Clearwater Analytics 

Clearwater Analytics® provides web-based investment accounting and portfolio reporting and analytics for corporate treasuries, insurance companies, and asset managers. Clearwater’s daily-aggregated and reconciled solutions deliver the highest level of portfolio transparency available on the market today for clients such as Costco, Dell, Facebook, Netflix, Oracle, Starbucks, and Yahoo!. Launched in 2004, with offices in New York, New York; Boise, Idaho; and Edinburgh, U.K., Clearwater Analytics reports on more than $960 billion in assets for thousands of institutional investors. For more information about Clearwater Analytics, visit www.clearwateranalytics.com.

About Gardner Company 

Gardner Company is a full service real estate company specializing in the development of office, retail, industrial, and medical buildings. Kem C. Gardner is the founder of the company. Gardner Company has been a prominent fixture in the Boise and Salt Lake City business communities and has one of the largest real estate portfolios in the region. The philosophy of Gardner Company is to build great relationships. We achieve this by partnering with people and companies with the highest of standards to benefit our clients, our communities, and the environment.