Confluence Technologies, Inc., a global technology solutions provider helping the investment management industry solve complex investment data challenges, has agreed to acquire Investment Metrics for $500 million. 

Investment Metrics is a global provider of investment data, performance, analytics and research software solutions that help institutional investors and advisors achieve better financial outcomes, grow assets and retain clients with clear investment insights. Confluence is backed by Clearlake Capital Group, L.P. and TA Associates.

This acquisition advances Confluence's portfolio analytics offering and expands its reach into the asset owner and asset allocator markets. With the addition of these new capabilities, Confluence will be able to offer clients greater operational efficiency and build on its culture of customer-centric innovation. The transaction is expected to close in the fourth quarter of 2021.

Sidley Austin LLP served as legal counsel to Confluence. Centerview Partners LLC served as exclusive financial advisor and DLA Piper served as legal counsel to Investment Metrics.