Message from JUMP’s CEO to our customers and partners
It is with much pride and emotion that I share with you the news of a huge milestone in JUMP Technology’s journey.
After 15 years of uninterrupted and unassisted growth, and a further year of strong growth in 2022, we have finally found the partner who will enable us to take the next major step in our development and bring us closer to our mission: to become the most innovative, reliable, and comprehensive technology platform in the world.
That partner is Clearwater Analytics, a leading investment management software provider in the United States with a worldwide reputation, more than 1,700 employees, and over 1,100 clients and prestigious references (JP Morgan, Franklin Templeton, Aegon AM...).
In Clearwater Analytics, we have found a team with whom we share the same vision, the same ambition for global leadership, and the same obsession with customer satisfaction.
We are very proud of our JUMP solution and have always believed that it has the potential to be recognised as the best-in-class investment management solution worldwide. With Clearwater Analytics, we have finally found a partner who both shares our vision and is able to give us the tools to achieve it.
With Clearwater Analytics, we have also found a totally complementary partner:
Functionally, Clearwater is a financial software company specialising in the back office with an extremely advanced and powerful solution for accounting, financial data centralisation, and regulatory reporting
Geographically, Clearwater is predominantly based in the United States and is starting to expand into Europe
Technologically, Clearwater is already a fully SaaS player and, like us, is moving to fully cloud- and web-enable its software package
Personally, I'm excited about the new and innovative features we'll be able to develop with the new resources we'll be given. Expect to see a whole new level of technology and business innovation in our solution in the coming years!
Finally, becoming a more global organisation will allow us to increase our service standards beyond what our customers have come to expect from JUMP and maximise our resilience as we know how important it is for our customers to be able to rely on us in the long term.
So, what will change in concrete terms?
First, what will NOT change:
JUMP Technology and the JUMP team will remain in place. Emmanuel Fougeras remains the President of JUMP and will work directly with the CEO of Clearwater Analytics as part of the Leadership Team on JUMP's global development strategy
All JUMPers remain in their current positions. A very ambitious shareholding plan has been put in place to reward and retain former JUMP associates and key employees over the long term
JUMP's R&D centre remains in France
JUMP's Consulting, Services and Support centres for French-speaking countries remain in France and Luxembourg
More generally, JUMP will continue to actively expand the size of its workforce in France and Luxembourg while accelerating the creation of new entities internationally
We will continue to work with all our current partners (consulting firms, custodians, complementary third-party editors, market feeds...) in order to continue to offer the richest and most open solution to our clients
With Clearwater Analytics, we plan to:
Double our R&D capacity in 2023 compared to 2022 to further enhance our JUMP software solution
Benefit from Clearwater Analytics' business expertise to improve our solution and services in areas such as accounting and data management
More generally, benefit from the extended resources that will be given to us to strengthenour areas of expertise so that we can be even more innovative and qualitative for our clients.
Leverage the resources and experience of Clearwater Analytics to provide more extensive service offerings (BPO, Middle Office, etc.) to those of our customers who are interested
Develop advanced connectors with Clearwater's Back Office software solution to provide an even more comprehensive front-to-back solution for our customers
Benefit from Clearwater's experience and resources to accelerate our internationalisation and to be able to rapidly offer a multi-language solution with Follow-the-Sun and multi-language support to our multi-site customers
Leverage Clearwater's immense commercial strength to provide a competitive offering to the UK and US markets, and more generally to Clearwater Analytics' current 1,100 customers, by 2023.
Finally, I would like to take this opportunity to thank all our customers and partners for their support and trust.
I am fully aware that we would not be where we are without them.
There will be more announcements to come. The future looks exciting!
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