Clearlake Capital and TA Associates-backed Confluence to acquire Investment Metrics for $500m.

Clearlake Capital and TA Associates-backed Confluence, a software firm, agreed to acquire Investment Metrics, a global provider of investment data, performance, analytics and research software solutions, for $500m. "As we continue to advance on our growth strategy, Confluence is excited to welcome Investment Metrics to the team. There is a growing need in the market for solutions that streamline operational efficiencies and drive scale. By combining our capabilities with those of Investment Metrics, we will be optimally positioned to deliver a comprehensive analytics solution to our clients, while streamlining analysis and providing fiduciary oversight across the wider ecosystem. Together we are committed to fostering a culture of innovation," Mark Evans, Confluence CEO.