Warburg, Permira in talks to buy Clearwater Analytics, source says

(Reuters) -Global private equity firms Warburg ​Pincus and Permira are ‌in talks to buy investment and ‌accounting software maker Clearwater Analytics, a source familiar with the matter told Reuters on Friday.⁠

Boise, ‌Idaho-based Clearwater makes software that helps companies ‍manage their investment portfolios.

A deal by the two buyout firms, ​which helped take Clearwater public ‌in 2021, could take several weeks, the source said.

Bloomberg News reported on the talks earlier on Friday,⁠ citing people ​familiar with the ​matter.

Warburg Pincus, Permira, and Clearwater Analytics Holdings ‍did ⁠not immediately respond to a request for comment.

(Reporting ⁠by Milana Vinn and Mihika Sharma ‌in Bengaluru; Editing ‌by Tom Hogue)