Confluence Technologies, a global technology solutions provider, has secured a five-year contract with a top French diversified asset manager. Confluence declined to disclose the client. The new client, which currently manages more than €70 billion in assets, will utilise Confluence’s cloud-based Revolution platform for its performance measurement and attribution needs. Confluence says the engagement demonstrates its ability to meet the performance measurement and attribution needs of clients of any size as it offers high quality data control and validation, scalable cloud technology as well as competitive pricing. The asset manager will use Confluence’s Revolution platform to measure internal performance metrics and to report externally to clients and the public via regulatory filings. Additionally, it plans to employ Revolution to help meet coming regulatory requirements and investor demands related to socially responsible investing (SRI). Revolution is a cloud-based platform, offering analysis of portfolio performance, attribution, risk and compliance. “Asset managers today are acutely aware of risk, performance and regulatory pressures in a way they never have been before,” says Todd Moyer, Confluence’s president and chief operating officer. “With the industry’s increased focus on SRI as well, the power of our ground-breaking Revolution platform has become clear across regions and asset classes, and we’re looking forward to providing our best-of-breed solutions to this valued new client and contributing to their overall success, and to the success of their own investor customers,” Moyer adds.
