Data Specialist Confluence Buys Belgium's Orfival

Dec 1 2014 | 9:42am ET

Confluence, an investment data management firm, has acquired Belgium-based data solutions provider Orfival.

Orfival was founded in 1999 and has built up its network amongst European asset managers, insurance companies and pension schemes by offering solutions for portfolio management and analytics, performance measurement and attribution, risk and investment compliance reporting services.
Confluence's U.S. clients will now have access to Orfival’s performance risk analytics and attribution functionality. Confluence will also augment its global data-driven performance and regulatory reporting solutions with added risk metrics, composites and analytics capabilities.
Said Mark Evans, Confluence CEO, in a statement: “When looking to grow Confluence we aimed to find businesses which have products or services that complement our existing offerings to add greater value to the global asset management industry. Orfival is just that, as it brings extraordinary subject matter expertise and research capabilities as well as a deep understanding of the European market. The region is one which we have strategically targeted for business growth and this acquisition makes our European networks stronger while allowing us to market Orfival products to our existing North American network.”  

Orfival will operate under the Confluence brand.

Headquartered in Pittsburgh, Penn., Confluence serves the international fund industry with key locations in San Francisco, London, Luxembourg and Dublin.

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