Confluence
By Atlassian
Confluence Technologies is a global technology solutions provider specializing in back-office automation systems for the investment management industry. Founded in 1991 and headquartered in Pittsburgh, Pennsylvania, Confluence aims to lead the "DataTech evolution" by transforming data into actionable knowledge. The company serves over 1,000 clients in 40 countries, leveraging its expertise to deliver innovative solutions that address performance and analytics, risk, data, regulatory, and investor reporting needs.
Confluence was founded by Mike Schiller and Mark Evans in 1991. Schiller left the company in 1997, and Evans continues to serve as Chairman, CEO, and President. The company has grown significantly since its inception, moving into its new headquarters in Nova Place, Pittsburgh, in 2017. Confluence has expanded its global footprint with offices in major cities worldwide, including London, Paris, Sydney, and Toronto.
Confluence has raised a total of $60 million over three funding rounds. The most recent funding round was an acquisition financing round completed on June 17, 2021. In 2018, TA Associates made a majority investment in Confluence, and Polaris Venture Partners sold its stake in the company. The company's enterprise valuation is estimated to be between $240 million and $360 million as of August 2006.
Confluence offers a comprehensive suite of products designed to streamline investment management processes. Key offerings include:
Confluence has made several strategic acquisitions to expand its product offerings and capabilities:
Confluence continuously updates its platform with new features to meet the evolving needs of its users. Recent updates include enhanced collaboration tools, improved data analytics, and more robust security measures. The platform now supports real-time collaboration, advanced search capabilities, and extensive customization options through macros and templates.
Confluence prides itself on a strong company culture rooted in core values such as innovation, integrity, and customer focus. The company emphasizes the importance of turning data into financial intelligence and strives for excellence in all its endeavors. Confluence's culture is reflected in its commitment to employee development, diversity, and inclusion, as well as its focus on delivering high-quality solutions to clients.
Confluence serves a diverse user base that includes eight of the top 10 global service providers and all of the top 10 global asset managers. The company's solutions are used by over 1,000 clients across 40 countries, ranging from small investment firms to large multinational corporations. Confluence fosters a strong community through user forums, webinars, and industry events, enabling clients to share best practices and stay informed about the latest industry trends.
