Clearwater Establishes Innovation Center to Transform Technology Offering
Summary
BOISE, Idaho--(BUSINESS WIRE)--Since its founding in 2004, Clearwater Analytics has made innovative technology fundamental to its offering with a cloud-native, multi-tenant solution that improves the accuracy and efficiency of investment portfolio data management, accounting, reconciliation, and reporting. “The Innovation Center will solve big challenges with transformative technology and techniques.” With an annual 26% re-investment of revenue into research and development, Clearwater makes the continuous advancement of its single-instance web-based solution a central priority. The Innovation Center complements this continuous development work by focusing on advanced solutions resulting in exponential, rather than incremental, improvements for clients. The Innovation Center will triple in size by year-end, incorporating additional expertise in machine learning, software engineering, cloud, and data science. “We look forward to the new ideas and creative problem solving that will come from this venture.” Clearwater Analytics® is a global SaaS solution for automated investment data aggregation, reconciliation, accounting, and reporting.