Clearwater to buy software maker Enfusion for $1.5 billion in expansion push

Cătălin Roșioru

:Clearwater Analytics has agreed to acquire Enfusion in a $1.5 billion cash-and-stock deal as the financial software maker looks to bolster its international presence and enter the hedge fund industry. Enfusion shareholders will receive $5.85 in cash and $5.40 in Clearwater stock for each share, valuing the Chicago-based firm at $11.25 per share, the companies said on Monday. Enfusion shares closed nearly 9 per cent higher. The deal highlights the appeal of mergers among companies that offer

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