Confluence Technologies, a global technology solutions provider, has reached an agreement in principle to acquire Fundpeak, a global provider of secure fund portals and marketing tools.
Fundpeak’s solutions help funds produce multilingual factsheets for marketing purposes and to meet local regulatory reporting requirements.
The company’s fund portal integrates directly into client websites, enabling automated internal reporting for portfolio managers and external reporting to shareholders and clients.
The acquisition will see Confluence integrate Fundpeak’s factsheets product and custom portals into its platform of solutions, providing capabilities at a scale previously unavailable to the industry.
According to Confluence, the addition of these capabilities represents its commitment to expand its offering and provide solutions to asset managers, global fund administrators and other service providers across the investment lifecycle.
Factsheets and other investor reporting comprise a growing area of compliance complexity for fund managers as they work to provide digital data and analytics to their end-investor clients, explains Confluence.
Fundpeak’s solutions address recent regulations including the European Union’s Key Investor Information Document (KIID) and Packaged Retail and Insurance-based Investment Products (PRIIPs) requirements which are expected to be emulated in other regions.
Mark Evans, Confluence’s CEO and founder, comments: “Adding Fundpeak’s suite of services to our current shareholder reporting offering will provide additional value to an industry that recognises the efficiencies of curating and normalising data only once for client reporting and distribution.”
Fundpeak’s founder and managing director Pavel Topol, adds: “Confluence’s mission to help clients reduce risk and increase efficiency mirrors what we have tried to do at Fundpeak from the beginning. We’re pleased that our clients and partners will have access to Confluence’s innovative tools and technologies to help improve and grow their own businesses.”
The transaction is expected to close in Q2 2021.
Meanwhile, Confluence Technologies also recently signed a multi-year contract with a large pension fund, continuing a previous engagement with the firm.
The Switzerland-based client will employ Delta, Confluence’s cloud-based multi-asset risk and performance analytics platform.
In February, Confluence Technologies secured a five-year contract with a top French diversified asset manager.
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