💨 Abstract

Clearwater Analytics has agreed to buy Enfusion, a Chicago-based financial software firm, in a $1.5 billion cash-and-stock deal. This acquisition aims to strengthen Clearwater's international presence and enter the hedge fund industry. Enfusion, which provides portfolio management and risk systems to investment funds, is expected to generate $201-$202 million in revenue by 2024.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖