StatPro: Confluence acquires provider of cloud-based analytics, data management tools

Confluence announced Tuesday that it had acquired StatPro, a provider of cloud-based portfolio analytics, asset data services and data management tools for the global asset management industry. The Pittsburgh-based company has acquired the entire ordinary share capital (issued and to be issued) of StatPro in an all-cash offer of approximately $207 million, according to a press release. "We, at Confluence, have long respected the spirit of innovation and reputation of excellence that is StatPro,"...