IT service management company Arcesium has partnered with Confluence as part of an effort to deliver integrated data management and analytics solutions. The partnership aims to integrate Confluence’s StatPro analytics solution with Arcesium’s financial data stack modules and cloud data management platform, Aquata. The new offering is available as a technology solution or managed service that has been designed to allow asset managers to consolidate vendors. Confluence says its introduction should also decrease the total cost ownership. David Nable, head of client and partner development at Arcesium, says: “This partnership brings together the shared vision, strengths and expertise of both companies to drive efficiency and enhance customer experiences for institutional asset managers.” “We are excited about how it will accelerate Arcesium's business growth across the asset manager segment.” Damian Handzy, managing director of analytics at Confluence, adds: “Facing tighter regulations and competition, asset managers will benefit from Confluence and Arcesium’s new integrated solution with streamlined data management, coupled with powerful performance and risk analytics. “The integration will improve client experience, enabling institutional investors to make better investment decisions.”
