Confluence is a software firm that provides back-office automation

Automation

Automation is the use of control systems and information technologies to reduce the need for human work in the production of goods and services. In the scope of industrialization, automation is a step beyond mechanization...

 systems to the investment management industry. The company was founded in 1991, and its main offering is the "Unity platform" which is used primarily by mutual funds, hedge funds and their service providers to automate the fund administration process — including the collection, creation, confirmation, and delivery of investment product data.

According to the company’s website, Confluence technology is in use by 40 percent of the investment management firms worldwide and 60 percent of U.S. mutual funds to solve problems such as performance measurement and customized reporting for mutual funds, variable products, alternative investments, and other instruments.

The Unity platform includes 10 products that utilize a centralized data repository

Information repository

An information repository is an easy way to deploy a secondary tier of data storage that can comprise multiple, networked data storage technologies running on diverse operating systems, where data that no longer needs to be in primary storage is protected, classified according to captured metadata,...

. The products are designed to replace manual processes and spreadsheets and automate a variety of regulatory, marketing and financial reporting functions.

Confluence is headquartered in Pittsburgh, Pennsylvania

Pennsylvania

The Commonwealth of Pennsylvania is a U.S. state that is located in the Northeastern and Mid-Atlantic regions of the United States. The state borders Delaware and Maryland to the south, West Virginia to the southwest, Ohio to the west, New York and Ontario, Canada, to the north, and New Jersey to...

, and lists other locations in San Francisco, California

California

California is a state located on the West Coast of the United States. It is by far the most populous U.S. state, and the third-largest by land area...

, and international offices in both London

London

London is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...

 and Luxembourg

Luxembourg

Luxembourg , officially the Grand Duchy of Luxembourg , is a landlocked country in western Europe, bordered by Belgium, France, and Germany. It has two principal regions: the Oesling in the North as part of the Ardennes massif, and the Gutland in the south...

. Confluence is privately owned with growth equity investment backing from Polaris Venture Partners

Polaris Venture Partners

Polaris Venture Partners is a venture capital firm specializing in seed and early stage investments particularly in companies engaged in the information technology and life sciences sectors....

.

Confluence was founded in 1991 by Mark Evans, who currently serves as Chairman and CEO of the company.

Recent awards

August 25, 2011 – Confluence was named one of Western Pennsylvania’s fastest growing companies by the Pittsburgh Business Times for the eleventh time.

June 10, 2011 -- Mark Evans received the Ernst & Young

Ernst & Young

Ernst & Young is one of the largest professional services networks in the world and one of the "Big Four" accountancy firms, along with Deloitte, KPMG and PricewaterhouseCoopers ....

Entrepreneur Of The Year® 2011 regional award in the Technology category.