Confluence Buys StatPro
For £161.1 million, Confluence has purchased StatPro. Both companies stand to gain more global clients, and users can expect new products meant to alleviate pain points felt by the buy side.
For a deeper analysis of the deal, click here.
Confluence Technologies, a US-based provider of automation software for investment managers, has bought StatPro, a cloud-based UK firm that offers portfolio analytics through its SaaS-delivered tools, for £161.1 million (more than $207 million) in cash. As a result, the London Stock Exchange-listed StatPro will go private.
The combined businesses are looking to marry StatPro’s presence in the front and middle offices to Confluence’s value in the
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