Confluence (company)

Investment management software company

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Confluence

Company type| Private
Industry| Fund administration
Software
Founded| 1991
Headquarters| Pittsburgh, Pennsylvania

Key people

| Mark Evans
Chris Evans
Frederick Winston
Todd Moyer
Website| confluence.com

Confluence (Confluence Technologies) is a software firm that provides back-office automation systems to the investment management industry.[1] The company was founded in 1991, and aims to lead the "DataTech evolution" with "a vision ... [of] instantaneously transforming data into knowledge and delivering it to the world."[2] According to the company's website, Confluence technology is in use by eight of the top 10 global service providers, and all of the top 10 global asset managers have business processes automated through Confluence.[3]

Confluence is headquartered in Pittsburgh, Pennsylvania. In 2017 it moved into new headquarters in Nova Place, located in Pittsburgh's Allegheny Center neighborhood.[4] Confluence lists other international locations in Cape Town, Frankfurt, Ho Chi Minh City, London, Luxembourg, Milan, Montreal, Paris, Sydney and Toronto.

Confluence was founded in 1991 by Mike Schiller and Mark Evans. Schiller left the company in 1997 and Evans currently serves as Chairman, CEO and President of the company.[5]

Confluence is privately owned. In 2018, TA Associates completed a majority investment in Confluence. As part of the transaction, Polaris Venture Partners sold its stake in the company.[6]

## Products and services

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The Confluence platform features regulatory reporting, investor communications, and performance and analytics solutions[buzzword] and supports a wide array of fund types – including mutual funds, ETFs, alternative investments, institutional portfolios and UCITS funds.

### Partnerships

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* In 2018, MSCI announced that it is adjusting its data and analytics for integration with Confluence's Regulatory Reporting.[7]
* As of 2018, ICE Data Services and Confluence are partnering to help asset managers comply with SEC Regulations, with ICE Data Services focusing on market data and analytics, and Confluence applying its Regulatory Reporting platform.[8]

## Growth and acquisitions

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Confluence acquired California-based data management company, Data Agent, an alternative investment industry data and reporting solutions leader,[buzzword] in 2013.[9]

In December 2014, Confluence announced the acquisition of Belgium-based data solutions[buzzword] provider, Orfival, increasing the breadth of Confluence offerings with new capability in performance risk analytics and attribution.[10]

In October 2019, Confluence acquired UK portfolio analytics company StatPro for £161.1 million.[11]

## Awards and recognition

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In 2016 and 2017, Confluence won the "Best Use of Agile Methodology" at the American Financial Technology Awards (AFTAs).[12][13]

In 2017, Confluence was awarded the "Best Data Management Solution" at the 2017 Mutual Fund Service and Technology Awards.[14]

## References

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1. ^ "Confluence Technologies Inc. | Company profile from Hoover's | 412-802-8632". Hoovers.com. 2010-10-21. Retrieved 2011-10-23.
2. ^ "About Confluence". Confluence Technologies. 2018-10-29. Retrieved 2018-10-29.
3. ^ "About Confluence". Confluence Technologies. 2018-10-29. Retrieved 2018-10-29.
4. ^ "North Side-based Confluence moving to Nova Place". Trib Total Media. 2016-04-16. Retrieved 2018-07-22.
5. ^ Calvey, Mark (2011-06-03). "Data manager Confluence opens West Coast office - San Francisco Business Times". Bizjournals.com. Retrieved 2011-10-23.
6. ^ "TA Associates Announces Majority Investment in Confluence". www.ta.com/. TA Associates. Retrieved 2018-07-22.
7. ^ "MSCI and Confluence Help Investors Streamline SEC N-PORT Regulatory Reporting Requirements". finance.yahoo.com. Archived from the original on 2018-11-05.
8. ^ "Welcome to ISS Decor: Your Go-To Home Styling Destination". Retrieved 2025-05-11.
9. ^ Gough, Paul. "Digital Producer". www.bizjournals.com. Pittsburgh Business Times. Retrieved 2013-09-12.
10. ^ Rundle, James (December 2014). "Confluence Acquires Risk Analytics Provider Orfival". www.waterstechnology.com. Waters Technology. Retrieved 2014-12-01.
11. ^ "Confluence buys StatPro for £161.1 million". Finextra Research. 2019-10-29. Retrieved 2020-04-07.
12. ^ "Winners - American Financial Technology Awards". Archived from the original on 2018-02-04. Retrieved 2018-11-05.
13. ^ "AFTAs 2017: Best Use of the Agile Methodology—Confluence". 12 January 2018.
14. ^ "Confluence Wins "Best Data Management Solution" at 2017 Mutual Fund Service and Technology Awards | Good StockInvest". Archived from the original on 2018-02-19. Retrieved 2018-11-05.