About Confluence
Confluence is a company based in Pittsburgh (United States) founded in 2006 by Mark Evans was acquired by Clearlake Capital Group in June 2021. It operates as a SaaS (Software-as-a-Service), Managed Services, and FinTech. The company has 138 employees as of December 31, 2022. Confluence has completed 5 acquisitions, including AMINDIS, Compliance Solutions Strategies and Fundpeak. Confluence offers products and services including Performance & Analytics, Risk Management, Data Technology & Services, Regulatory Compliance, and Investor Communications. Confluence operates in a competitive market with competitors including Addepar, Altruist, InvestCloud, sei and Avaloq, among others.
- Headquarter Pittsburgh, United States
- Employees 138 as on 31 Dec, 2022
- Founders Mark Evans
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Confluence Technologies, Inc
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
TA Associates
& 1 more
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Employee Count
138
as on Dec 31, 2022
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Investments & Acquisitions
AMINDIS
& 4 more
- Acquired by
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Products & Services of Confluence
Confluence offers a comprehensive portfolio of products and services, including Performance & Analytics, Risk Management, Data Technology & Services, Regulatory Compliance, and Investor Communications. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Portfolio analytics solutions are provided for performance oversight.
Risk analytics solutions are offered for multi-asset management.
Data management solutions are delivered for investment insights.
Regulatory reporting tools are provided for compliance automation.
Automated reporting solutions are created for investor disclosures.
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Software Development Team
67 people
Sales and Marketing
34 people
Senior Team
24 people
Leadership Team
21 people
Product Management Team
12 people
Data Analysis and Operations Team
10 people
Client Team
8 people
Operations Team
7 people
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Funding Insights of Confluence
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Confluence
Confluence has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include TA Associates and Clearlake Capital Group. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Multiple sectors are invested in by private equity firm TA.
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Founded Year | Domain | Location | |
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Lower and mid-market investments are managed through private equity strategies.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Confluence
Confluence has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include AMINDIS, Compliance Solutions Strategies and Fundpeak. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Compliance Solutions Strategies is focused on regulatory data solutions for financial services.
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2016 | ||||
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Portfolio analytics and reporting solutions for investment industry
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2010 | ||||
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Provider of fund factsheet production and secure fund portals
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2005 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Confluence
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Confluence Comparisons
Competitors of Confluence
Confluence operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Addepar, Altruist, InvestCloud, sei and Avaloq, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Wealth management solutions are delivered for investment advisors.
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| domain | founded_year | HQ Location |
Portfolio management software for financial advisors
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| domain | founded_year | HQ Location |
Investment management software is provided for advisors and institutions.
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| domain | founded_year | HQ Location |
Wealth and investment management solutions are offered to institutional investors.
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| domain | founded_year | HQ Location |
Cloud-based solutions for financial institutions are provided by Avaloq.
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| domain | founded_year | HQ Location |
Asset and wealth management software is provided for businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Confluence
Frequently Asked Questions about Confluence
When was Confluence founded?
Confluence was founded in 2006.
Where is Confluence located?
Confluence is headquartered in Pittsburgh, United States. It is registered at Pittsburgh, Pennsylvania, United States.
Who is the current CEO of Confluence?
Mark Evans is the current CEO of Confluence. They have also founded this company.
How many employees does Confluence have?
As of Dec 31, 2022, the latest employee count at Confluence is 138.
What does Confluence do?
Confluence is recognized as a global leader in data-driven investment management solutions. Services and products are offered to optimize efficiency and control for asset managers, owners, and service providers. Solutions span performance analytics, risk management, regulatory compliance, data technology, and investor communications. Operations are conducted across multiple sectors within the financial industry, addressing complex data challenges and regulatory requirements. Comprehensive platforms are developed to automate reporting and enhance transparency for clients worldwide.
Who are the top competitors of Confluence?
What products or services does Confluence offer?
Confluence offers Performance & Analytics, Risk Management, Data Technology & Services, Regulatory Compliance, and Investor Communications.
How many acquisitions has Confluence made?
Confluence has made 5 acquisitions, including AMINDIS, Compliance Solutions Strategies, and Fundpeak.
Who are Confluence's investors?
Confluence has 2 investors. Key investors include TA Associates, and Clearlake Capital Group.
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