Confluence Technologies, a global technology services provider helping the investment management industry solve complex data challenges, has acquired Compliance Solutions Strategies, a global regulatory software company enabling financial services firms to meet regulatory requirements.

Compliance Solutions offers a RegTech platform combined with a proprietary Regulatory Book of Record data management service. Compliance is a fully integrated compliance-as-a-service provider, bringing SaaS technology services, regulatory expertise and white-glove managed services to support the investment community.The firm services over 600 clients globally including 6 top 10 global hedge funds and 9 top 10 global asset managers.

The acquisition supports Confluence’s strategy in expanding its regulatory compliance offering and will build on a culture of customer-centric innovation to serve the asset management industry. Confluence is backed by Clearlake Capital Group, L.P. and TA Associates.

“Confluence is pleased to welcome CSS to the team as we look to deliver on our growth strategy,” said Mark Evans, CEO of Confluence. “We see tremendous demand in this space as global regulators continue to refine and expand compliance and reporting obligations, furthering the need in the market for technology that streamlines operational efficiencies and drives scale.”

Sidley Austin LLP served as legal counsel to Confluence.