India, March 12 -- Clearwater Analytics Holdings, Inc. (CWAN), a software-as-a-service fintech company, Wednesday said it has agreed to acquire financial technology firm Beacon, as well as Bistro, Blackstone's portfolio visualization software platform.
Clearwater will acquire Beacon for about $560 million, 60 percent of which will be paid in cash, and the rest in Clearwater Class A stock.
The purchase price for Bistro is $125 million, of which $10 million will be paid in cash and the remainder will be paid in Clearwater Class A shares.
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The company plans to use the proceeds from its previously committed 800 million Term Loan B, cash on hand, and a portio...