BRIEF-Clearwater Analytics To Acquire Enfusion For $1.5 Billion

Reuters

01-13

Jan 13 (Reuters) - Clearwater Analytics Holdings Inc

:

* CLEARWATER ANALYTICS TO ACQUIRE ENFUSION FOR $1.5 BILLION EXPANDING ITS INVESTMENT MANAGEMENT PLATFORM WITH FRONT-TO-BACK CAPABILITIES

* PURCHASE PRICE IS $11.25 PER SHARE IN CASH AND STOCK

* PROPOSED DEAL FOR $11.25 PER SHARE

* TO PAY $30 MILLION TO TERMINATE ENFUSION'S TRA

* ENFUSION EXPECTS 2024 REVENUE OF $201-202 MILLION

Source text: Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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