Confluence (company)
Confluence (Confluence Technologies) is a software firm that provides back-office automation systems to the investment management industry.[1] The company was founded in 1991, and aims to lead the "DataTech evolution" with "a vision ... [of] instantaneously transforming data into knowledge and delivering it to the world."[2] According to the company's website, Confluence technology is in use by eight of the top 10 global service providers, and all of the top 10 global asset managers have business processes automated through Confluence.[3]
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| Type | Private |
|---|---|
| Industry | Fund administration Software |
| Founded | 1991 |
| Headquarters | Pittsburgh, Pennsylvania |
Key people | Mark Evans Chris Evans Frederick Winston Todd Moyer |
| Website | confluence.com |
Confluence is headquartered in Pittsburgh, Pennsylvania. In 2017 it moved into new headquarters in Nova Place, located in Pittsburgh's Allegheny Center neighborhood.[4] Confluence lists other international locations in Cape Town, Frankfurt, Ho Chi Minh City, London, Luxembourg, Milan, Montreal, Paris, Sydney and Toronto.
Confluence was founded in 1991 by Mike Schiller and Mark Evans. Schiller left the company in 1997 and Evans currently serves as Chairman, CEO and President of the company.[5]
Confluence is privately owned. In 2018, TA Associates completed a majority investment in Confluence. As part of the transaction, Polaris Venture Partners sold its stake in the company.[6]