Confluence Technologies, Inc., a global software and data services provider serving the investment management industry and backed by Clearlake Capital Group, L.P. and TA Associates, has finalized its deal to acquire Investment Metrics for $500 million. Investment Metrics is a provider of analytics, reporting, data and benchmarking services for the institutional investment market. The acquisition announcement was previously made November 3rd.
Investment Metrics, a portfolio company of software-focused private equity firm Resurgens Technology Partners, is a global provider of mission-critical reporting and analytical research services. The firm empowers institutional investment allocators, asset owners and asset managers to achieve better financial outcomes with clear investment insights.
After investing in Investment Metrics in 2017, Resurgens worked with management to close two acquisitions that enabled the firm to expand its geographic reach, diversify its customer base and expand its product portfolio. In addition, employee count rose by 5 times and revenue nearly quadrupled.
“The product, customer and global market expansion we’ve experienced during our partnership with Resurgens have cemented Investment Metrics’ leading position in the global investment technology ecosystem,” said Sanjoy Chatterjee, founder and CSO of Investment Metrics.
Centerview Partners LLC served as exclusive financial advisor and DLA Piper served as legal counsel to Investment Metrics.