October 27, 2016 3:50 PM ET


Company Overview of Confluence Technologies, Inc.

Company Overview

Confluence Technologies, Inc. develops investment data management automation solutions for regulatory, financial, and investor reporting. The company offers Unity NXT AIFMD Transparency Reporting, an alternative investment fund managers’ directive; Unity NXT Form CPO-PQR Reporting that requires registered commodity pool operators to report data; Unity NXT Form PF Reporting, a report required to be filed by SEC-registered investment advisers; and Unity NXT, a SaaS based platform. It also provides Unity Post-Trade Compliance, a system for post-trade compliance data management and compliance testing; Unity Solvency II Reporting, a solution that enables asset managers to transform data; Unity Fo...

600 River Avenue

Pittsburgh, PA 15212-5935

United States

Founded in 1991





Key Executives for Confluence Technologies, Inc.

Founder, Chairman, Chief Executive Officer and President
Chief Financial Officer
Chief Operating Officer
Chief Technology Officer and Senior Vice President
Senior Vice President, General Counsel and Secretary
Compensation as of Fiscal Year 2016.

Confluence Technologies, Inc. Key Developments

Confluence Appoints Gary Casagrande as Global Head of Investor Communications & Expense Solutions

Confluence announced the appointment of Gary Casagrande as Global Head of Investor Communications & Expense Solutions, a newly created position for the firm. Gary Casagrande has joined the company as Global Head of Investor Communications & Expense Solutions. Casagrande has more than 20 years of experience in the financial services industry. As a recognized industry thought leader, he brings an in-depth understanding of mutual fund operations, regulations, project management, and quality control. In his new role, Casagrande will oversee a line of business charged with defining and implementing the go-to-market strategy for the company’s global suite of investor communications and expense management solutions, which include financial, marketing and legal reporting, as well as fund budgeting and invoice payments.

Confluence Launches Unity Performance & Analytics Globally

Confluence announced the global launch of Unity Performance & Analytics to provide a robust performance calculation, attribution and risk analytics platform for mutual funds and institutional portfolios. The offering enables global investment management firms to meet the reporting demands of today’s sophisticated investors and empowers them to create an information-driven client model that addresses each client’s unique needs. Designed by a team of experts in the performance analytics field, Unity Performance & Analytics automates the calculation of fund, portfolio and composite returns while providing attribution, contribution, and risk analysis. Confluence’s configurable workflow allows money managers to model and build an internal process that reflects their own operating model and to increase accuracy and control of their performance reporting across the organization. Because data quality is Confluence’s priority, Unity Performance & Analytics also gives performance teams the ability to build tailored validation checks that are relevant to their operations in order to produce trusted end results. Unity Performance & Analytics functionality was rolled out exclusively to Confluence clients in April and is now available globally. Support for institutional portfolios is a major expansion to Confluence's Unity Performance platform, which has long been the industry standard for automating daily and monthly mutual fund return calculations. Unity Performance & Analytics functionality includes: Fund Returns calculates and delivers all of the geometric returns required for mutual fund disclosures and marketing, as well as for internal analysis. Portfolio Performance Measurement provides a broad range of return calculation methods with the ability to control and measure performance across any asset class and instrument type. Performance Attribution for Equity, Fixed Income and Multi-Asset provides the flexibility to use multiple attribution methodologies and enables customisation of the analysis. Risk Analysis enables the measurement and monitoring of risk using a large range of statistics and ratios to be used for external reporting, marketing documents and internal portfolio analysis. GIPS Composite Management is a complete solution that meets the GIPS standard.

Confluence Enhances Form N-MFP Filing Solution

Confluence announced the release of its new automated solution for producing and filing Form N-MFP with the Securities and Exchange Commission (SEC), Unity® Form N-MFP, which is compliant with the rule changes approved in July 2014 and September 2015. Form N-MFP, finalized by the SEC in 2010, requires the reporting of fund-, class- and portfolio-specific information from money market mutual funds via eXtensible Markup Language (XML) format. Confluence was among the first solution providers to offer a Form N-MFP reporting solution when the rule was first introduced. The significant new requirements include the renumbering and reorganizing of the form; eighteen changes to the form, 15 of which require reporting entirely new data on fund liquidity, fee waivers, security attributes, and other areas.; and new weekly reporting requirements for particular class and series level data points.

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