";s:4:"text";s:20047:"For the last financial year to 31 December 2018, Confluence and its direct and indirect subsidiary undertakings had more than $50 million of consolidated revenues. Schiller left the company in 1997 and Evans currently serves as Chairman, CEO and President of the company. TA Associates, the seller, will retain a minority stake, a statement said. TA Associates, a leading global growth private equity firm, recently announced that it has completed a majority investment in Confluence, a global leader in investment data management automation for regulatory, investor communications and performance reporting. Find out more 2021 WINNER Confluence wins “Best Performance Measurement System” at 2021 FTF News Technology Innovation Awards. TA Associates will retain a minority equity stake. TA has raised $33.5 billion in capital since its founding in 1968 and is committing to new investments at the pace of over $3 billion per year. Upon closing of the transaction, Clearlake will become the majority shareholder while TA will retain a minority equity stake. Jonathan W. Meeks, a Managing Director at TA Associates and a member of the board of directors of Confluence, said: "TA Associates is delighted to support Confluence's acquisition of StatPro, a combination that we believe offers a significant opportunity to drive creativity and value to the asset servicing market. Confluence Technologies has acquired 2 organizations. TA Associates is a leading global growth private equity firm. Information on TA Associates. TM Associates ensures every opportunity to maximize a community’s value and profitability will be uncovered. Clearlake Capital to Acquire Confluence from TA Associates New Investment from Clearlake will Accelerate Growth and Enable Confluence to Continue… Founded in 1991, Confluence is a financial services data management software platform … In 2017 it moved into new headquarters in Nova Place, located in Pittsburgh's Allegheny Center neighborhood. Confluence lists other international locations in Ho Chi Minh City, London and Luxembourg. Confluence was founded in 1991 by Mike Schiller and Mark Evans. Confluence from TA Associates Page 9/26. Monetary particulars of the acquisition weren’t disclosed. TA Associates is the majority owner of the Pittsburgh, Pa.-based Confluence. Confluence is privately owned. StatPro Performance and Attribution (SPA) is a versatile portfolio analysis, performance measurement and attribution tool. Oakley acted as lead financial advisor to Confluence and provided advice on all aspects […] Private equity firm Clearlake Capital has agreed to investment data automation specialist Confluence from fellow private equity firm TA Associates. Confluence is a global leader in investment data management automation for regulatory, investor communications and performance reporting. In 2020, Confluence then acquired U.K.-based StatPro. We have been building and delivering innovative products for asset managers and service providers that address a spectrum of performance and analytics, risk, data, regulatory and investor reporting needs since 1991. In 2018, TA Associates completed a majority investment in Confluence. March 2018. Clearlake Capital to Acquire Confluence from TA Associates. On June 17, 2021, private equity firm Clearlake Capital Group acquired internet software and services company Confluence Technologies, Inc. from TA Associates. Software and data solutions provider Confluence automates front, middle and back office processes for 400 asset management clients globally. The global growth private equity firm said it has completed a majority investment in the Pittsburgh- headquartered business. As part of the transaction, Polaris Venture Partners sold its stake in the company. Confluence Technologies, which is backed by TA Associates, has acquired StatPro, a provider of cloud-based portfolio analytics, asset data services and data management tools for … Media and Information Services (B2B) Business/Productivity Software. Confluence solutions are used by 40 percent of the leading global investment managers, and more than 60 percent of U.S. mutual funds. The transaction will make the majority shareholder and TA will retain a minority equity stake. Software and data solutions provider Confluence automates front, middle and back office processes for 400 asset management clients globally. SANTA MONICA, CA and PITTSBURGH, PA – Confluence Technologies, Inc., (“Confluence” or the “Company”), a global software and data solutions provider helping the investment management industry solve complex data challenges, today announced it has signed a definitive agreement for Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”) to acquire the Company from TA Associates … Bitcoin $ 33,147.92 33,147.92. More information about TA can be found at www.ta.com. Confluence was acquired by TA Associates in 2018. Clearlake Capital to acquire data solutions firm Confluence. Currently, Confluence has offices in 10 countries and about 400 employees. Clearlake Capital Group, L.P. has signed a deal to acquire global software and data solutions provider Confluence Technologies, Inc. from TA Associates. Upon closing, expected in the third quarter, Seller TA Associates will maintain a minority stake in the company, while Confluence CEO Mark Evans and his … Clearlake to buy Confluence from TA Associates 1mo ago Private Equity pehub Views: 105. The transaction is anticipated to shut within the third quarter. Confluence Technologies, Inc., a U.S.-based software and data solutions provider to the investment management industry, has signed a definitive agreement for Clearlake Capital Group, L.P. to acquire the company from TA Associates.Upon closing of the transaction, Clearlake will become the majority shareholder while TA will retain a minority equity stake. TA Associates (PRNewsfoto/Ivanti) Confluence works with the world's leading asset managers and service providers to automate business processes across … BOSTON and PITTSBURGH – TA Associates, a leading global growth private equity firm, today announced that it has completed a majority investment in Confluence, a global leader in investment data management automation for regulatory, investor communications and performance reporting. Oakley acted as lead financial advisor to Confluence and provided advice on all aspects […] Download Ebook Business Ytics Evans Solutions Sevan Multi-Site Solutions, Inc. (Sevan), a leader in innovative design, program management, construction TA has more than 50 years of demonstrated success helping to scale growth companies around the world in our five core industries. Homepage Clearlake will become the majority shareholder once the transaction closes, while TA will retain a minority equity stake. In 2018, TA Associates completed a majority investment in Confluence. Clearlake Capital Group, L.P. has signed a deal to acquire global software and data solutions provider Confluence Technologies, Inc. from TA Associates. TA Associates, a global growth private equity firm, has made a significant minority investment in global financial services provider Apex Group Ltd (Apex). Confluence Technologies, a software and data solutions provider based on the North Side, has been acquired by private equity firm Clearlake Capital. VW Business Strategy Bets on EVs, Autonomy and Mobility as a Service TA Associates ... “Apex was founded Confluence has acquired the entire issued and to be issued ordinary share capital of StatPro in an all-cash offer of approximately £161.1 million (over $207 million USD). This is Clearlake Capital Group’s 11th transaction in the Internet Software and Services sector. A look at how TA Associates acquisition of IGEL is poised to accelerate the secure edge powerhouse's drive to become a software unicorn. Dave Barrett. BOSTON and PITTSBURGH, March 14, 2018 – TA Associates, a leading global growth private equity firm, today announced that it has completed a majority investment in Confluence, a global leader in investment data management automation for regulatory, investor communications and performance reporting. synopsis: Clearlake Capital Group, L.P. will acquire Confluence Technologies, Inc., a global software and data solutions provider helping the investment management industry solve complex data challenges, from TA Associates. Clearlake Capital Group is set to acquire automated investment data management provider Confluence Technologies from TA Associates. Dave is a managing partner based in our Boston office who focuses on investments in healthcare and technology. Financial terms weren’t announced, but that TA was seeking roughly $1 billion for Confluence. Pittsburgh, PA, June 7, 2021 – Confluence Technologies, Inc. (“Confluence”), a global technology solutions provider helping the investment management industry solve complex investment data ch... TA Associates has sold a majority stake in investment industry software and data specialist Confluence Technologies to fellow private equity house Clearlake Capital. More information about TA Associates can be found at www.ta.com. However, financial terms of the transaction were not disclosed. June 7, 2021 5:30 pm ET Private-equity firm TA Associates is close to announcing a winning bidder for its investment data and analytics company Confluence … It is majority-owned by TA Associates, one of … Clients Confluence Technologies, Inc. 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