Confluence has acquired Data Agent, a provider of alternative investment industry data management and reporting solutions.
Data Agent will help Confluence with providing a data management and automated solution for the Alternative Investment Management Fund Directive (AIFMD).
“The synergies gained by combining the resources of our two companies will enable us to deliver even more robust solutions for our clients and the industry at large to meet the demands of the evolving global fund industry,” said Mark Evans, Confluence CEO.
“This strategic acquisition strengthens our ability to deliver innovative solutions as the delineation between traditional and alternative investments converges and fund industry regulatory reporting requirements continue to become more globally intensive.”
