Confluence Receives Majority Investment from TA Associates

Confluence, a Pittsburgh, Pennsylvania -based provider of investment data management automation solutions for regulatory, investor communications and performance reporting, received a a majority investment from TA Associates.

The financial terms of the transaction were not disclosed. In conjunction with the funding, Jonathan W. Meeks, a Managing Director at TA Associates, and Kenneth T. Schiciano, a Managing Director at TA Associates, will join the Confluence Board of Directors.

The company will use the funds for global expansion.

Founded in 1991 and led by Mark Evans, Chairman, Chief Executive Officer and President, Confluence is a financial services data management software platform featuring regulatory reporting, investor communications, and performance and analytics solutions and supports a wide array of fund types – including mutual funds, ETFs, alternative investments, institutional portfolios and UCITS funds.
The company, which serves several of the top global fund administrators and asset managers, and over 90% of the United States mutual fund market, has additional locations in Brussels, Dublin, London, Ho Chi Minh City, Luxembourg and San Francisco.



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