Confluence acquires StatPro Group 29 October 2019London Reporter: Jenna Lomax
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Confluence Technologies has acquired StatPro Group, a global provider of cloud-based portfolio analytics, asset data services and data management tools.
StatPro’s reach, with 10 global offices, will enable Confluence to expand its market presence in the UK, Europe, Asia and South Africa.
In addition, the transaction will create a leading supplier of front, middle and back-office solutions to asset managers and administrators.
Justin Wheatley, founder of StatPro, commented: “We couldn’t be happier to be joining a like-minded firm in order to provide asset managers and fund administrators with an even greater range of support services and analytics.”
Mark Evans, founder and CEO of Confluence, said: “StatPro’s performance and attribution, portfolio analysis and other data and risk support services are deeply complementary to
Confluence’s offerings and will allow us to better help our clients achieve their goals.”
He added: “Both companies are founder-led with cultures of innovation, integrity, imagination,
discipline and service and we are pleased to welcome the employees of StatPro to the Confluence team.”
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