PE-backed Confluence Technologies buys StatPro
Summary
The transaction brings together two highly complementary businesses to create a leading supplier of front, middle and back-office solutions to asset managers and administrators. StatPro’s performance and attribution, portfolio analysis and other data and risk support services are deeply complementary to Confluence’s offerings and will allow us to better help our clients achieve their goals. StatPro has 10 global offices servicing over 450 clients in 37 countries, and its reach will enable Confluence to expand its market presence in the United Kingdom, continental Europe, Asia and South Africa. Confluence focuses on getting the data right, then reuses it across multiple regulatory, financial, statutory, performance and investor communications deliverables for speed, efficiency and control. Headquartered in Pittsburgh, PA, Confluence serves the international fund industry with locations in Ho Chi Minh City and London.
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