(Confluence Technologies, a solutions provider for investment management firms, is no stranger the strong currents of change that ripple through the financial technology industry. Just last month, Confluence, backed by Clearlake Capital and TA Associates, acquired Compliance Solutions Strategies (CSS), a cloud-based regtech solutions vendor, and Investment Metrics, a provider of investment data, performance, analytics,… Read More >>
Why StatPro Agreed to the Confluence Takeover
StatPro’s board of directors announced late last week that it had agreed to a takeover offer from Confluence via Bidco in an all-cash agreement of approximately £161.1 million ($201.3 million). The deal will take the company private — apparently in an effort to give customers fuller product platforms via a combined company. To recap, StatPro… Read More >>
Northern Trust Launches Performance Analytics Tool
Northern Trust’s ‘Radar’ Helps with Performance Insight Northern Trust has launched a proprietary reporting tool to help institutional investors gain insights as they track and analyze risk and performance across their portfolios, officials say. The Performance Radar offering is the latest addition to Northern Trust’s Investment Risk and Analytical Services (IRAS) group, and is intended… Read More >>
StatPro Buys ESG Unit for $3.27 Million
ECPI Unit to Become Part of StatPro StatPro Group, a cloud-based portfolio analysis and asset pricing services vendor, will be enhancing its benchmark offerings for environmental, social and governance (ESG) ratings and indices via the acquisition of the ESG research and index business unit (ECPI) from ECPI Group, officials say. The acquisition for a total… Read More >>
Voters Reward Disruptive & Established Providers via FTF Awards
NEW YORK CITY — A mix of disruptive and established technology providers have made the winner’s circle of the FTF News Technology Innovation Awards (the FTF Awards), which Financial Technologies Forum (FTF) is revealing today. For instance, for the Best Artificial Intelligence (A.I.) Initiative, the winner is Synechron while TCS BaNCS and its Quartz effort… Read More >>
Performance Teams Face Manual & IT Barriers: Q&A
(FTF News recently got time with Justin Wheatley, group chief executive for StatPro, which won the Best Performance Measurement System honor of the FTF News Technology Innovation Awards for 2018. Wheatley’s career got its start in 1989 when he was a salesman with Micropal, an independent information provider covering mutual funds. By 1994, Wheatley founded… Read More >>
StatPro Acquires Risk Services Unit to Bolster ‘Revolution’
Performance measurement vendor StatPro has acquired for an undisclosed sum the regulatory risk services bureau from Franco-German financial services group ODDO BHF in an effort to satisfy asset managers that increasingly want to outsource reporting and regulatory tasks. The cash acquisition was signed June 29 and took effect July 2, a StatPro official tells FTF… Read More >>
Broadridge Partners with StatPro for Performance Analytics
Broadridge Clients to Get Access to StatPro’s Cloud Post-trade systems and services provider Broadridge Financial Solutions reports a new strategic partnership with StatPro Group, a provider of cloud-based portfolio analytics and asset pricing services for the asset management industry. This partnership enhances the existing Broadridge performance reporting platform, which allows clients to receive customized daily… Read More >>
FTF News Unveils Winners of 2018 FTF Awards
Providers of established and cutting-edge technologies such as blockchain ledgers and artificial intelligence are getting the spotlight in the winners’ circle of the annual FTF News Technology Innovation Awards for 2018, the eighth time that Financial Technologies Forum (FTF) has recognized achievements in the securities operations industry. Other than the Editor’s Choice award, qualified industry… Read More >>
ACA Compliance Group to Acquire Cordium
Acquisition to Expand ACA’s Services in Europe ACA Compliance Group reports that it will acquire Cordium, a provider of governance, risk and compliance (GRC) services. ACA, a provider of risk management and technology solutions that focus on regulatory compliance, performance, financial crime, and cybersecurity, expects the transaction to close this summer, subject to regulatory approvals…. Read More >>
