Clearwater Analytics announced today that the company will open a new office in Noida. The new site will be Clearwater’s second development centre and provide “follow-the-sun” servicing capabilities for the company’s operations teams. The India office is a strategic addition to current offices in New York, London, Edinburgh, and the global headquarters in Boise, Idaho, USA.

Clearwater Analytics will step up hiring for the roles of software developers, data operations specialists, reconciliation analysts, investment accounting and reporting experts, and other operations roles. The company intends to hire around 100 new employees over the next six months. And to lead the team in India, Clearwater has hired Anurag Singh, an industry veteran  — he was Managing Director and SVP for Banking, Insurance, and Hitech IT at Genpact, and has experience in financial markets and related technology.

“Clearwater is solving the modern challenges faced by some of the world’s largest institutional investors,” said Mr Singh. “In building a world-class team in India, we look forward to playing a crucial role in expanding Clearwater’s capabilities and contributing to the ongoing success of our customers.”

“Our teams have done a tremendous job growing and scaling from our primary operations centres in the US and UK. With that foundation, we are ready to make our next move as a global solution provider, and India is a strategic and exciting step forward,” said Sandeep Sahai, Chief Executive Officer, Clearwater Analytics. “Anurag has proven his ability to assemble stellar teams, and I am excited to see what our new talent brings to the table.”

Clearwater incorporated in India in July 2019, establishing the company’s first presence in Asia. Opening a new office in Noida will give Clearwater proximity to a large pool of talent, which will help the company scale and meet its ambitious hiring and expansion goals.