Confluence Technologies Inc., a global technology services provider helping to solve complex investment data challenges, has acquired Investment Metrics. Confluence is backed by Clearlake Capital Group, LP and TA Associates.
Investment Metrics is a provider of investment data, performance, analytics and research software services that help investors achieve better outcomes. As a result of the acquisition, Confluence will expand its reach into the asset owner and asset allocator markets while also offering clients greater operational efficiency.
“There is a growing need in the market for solutions that streamline operational efficiencies and drive scale,” said Mark Evans, CEO of Confluence. “By combining our capabilities with those of Investment Metrics, we will be optimally positioned to deliver a comprehensive analytics solution to our clients, while streamlining analysis and providing fiduciary oversight across the wider ecosystem.”
“The acquisition of Investment Metrics is a strategic extension of Confluence’s portfolio, adding highly complementary technology and analytics capabilities to help clients across the investment management industry solve their complex data challenges,” said Behdad Eghbali, founder and managing partner of Clearlake Capital.
Sidley Austin LLP served as legal counsel to Confluence. Centerview Partners LLC served as exclusive financial advisor and DLA Piper served as legal counsel to Investment Metrics.