Confluence has acquired Belgium-based data solutions provider Orfival.
Clients of Confluence will now have access to Orfival's performance risk analytics and attribution functionality, which will sit hand-in-hand with Confluence's existing capabilities to provide risk metrics and comparative analysis against benchmarks.
Confluence will also augment its global data-driven performance and regulatory reporting solutions with added risk metrics, composites and analytics capabilities.
Mark Evans, CEO of Confluence, said: "When looking to grow Confluence, we aimed to find businesses which have products or services that complement our existing offerings to add greater value to the global asset management industry.”
“Orfival is just that, as it brings extraordinary subject matter expertise and research capabilities as well as a deep understanding of the European market.”
“The region is one which we have strategically targeted for business growth and this acquisition makes our European networks stronger while allowing us to market Orfival products to our existing North American network."
Orfival will operate under the Confluence brand and will integrate products and operations under the Confluence umbrella.
Philippe Grégoire, managing director at Orfival, commented: “We are looking forward to working closely with the Confluence team to provide the best possible data solutions to new and existing clients in our target markets."
