Goldenhill International M&A Advisors today announced that it acted as M&A advisor to Confluence, the industry’s leading provider of data management solutions, in its acquisition of Data Agent, a leading provider of alternative investment industry data management and reporting solutions.
Already a proven provider of Form PF and Form CPO-PQR reporting solutions, Data Agent brings the experience and expertise to uniquely position Confluence to provide a data management and automated solution to solve the complex regulatory reporting demands of the Alternative Investment Management Fund Directive (AIFMD) as AIFMs across the globe are bracing to comply with the Directive that was transposed into national law in July of 2013.
Like Confluence, Data Agent delivers value to the market by mitigating risk and ensuring data integrity. Headquartered in Berkeley, California Data Agent has been providing data consolidation, decision-support solutions and reporting solutions to the alternative investment industry since 2003. Data Agent’s deep expertise in alternative investment data management and reporting will complement Confluence’s experience in data consolidation, process automation and reporting in the traditional investment management industry.
Commenting on the contribution of Goldenhill to the just completed transaction, Frederick Winston, Confluence CFO said:
“We have been working with Goldenhill to identify appropriate acquisition opportunities that will help Confluence to achieve our growth strategies. We are very pleased to have Goldenhill assisting us in all aspects of the M&A process including this transaction announced today. Their knowledge of the FinTech sector, presence on both sides of the Atlantic and experience in the M&A process have been of tangible value to us. Goldenhill has demonstrated commitment and expertise in working with us and we look forward to continuing our working relationship with them.”
For more than 20 years the global investment management industry has come to trust Confluence to deliver innovative solutions to take the risk out of fund administration. Helping investment management companies gain unprecedented control, Confluence automates every step of the fund administration process — including the collection, creation, confirmation and delivery of investment product data. Results are lower costs, reduced risk, decreased reporting turnaround times and the scalability to automate more processes without additional resources.
Confluence solutions are used by 40 percent of the leading global investment managers, and more than 60 percent of U.S. mutual funds. From the Confluence traditional install, hosted and outsourced Unity® platform solutions to our enterprise-grade SaaS enabled Unity NXT Expense Processing solution; Confluence automates critical fund administration and reporting processes — such as regulatory reporting, financial statement preparation and expense processing. Confluence solutions support a wide array of collective fund investment types – including European domiciled UCITS, alternative investments, traditional U.S. based ’40 ACT mutual funds, and contemporary fund structures such as ETFs.
Headquartered in Pittsburgh, PA, Confluence serves the international fund industry with key locations in San Francisco, CA, London and Luxembourg. For more information, visit Confluence.