Clearlake and TA Associates-backed Confluence to acquire Compliance Solutions Strategies.

Clearlake and TA Associates-backed Confluence, a global technology solutions provider, agreed to acquire Compliance Solutions Strategies, a global regulatory software developer. Financial terms were not disclosed. "Confluence is pleased to welcome CSS to the team as we look to deliver on our growth strategy. We have long respected their SaaS-based solutions and admire their depth of in-house regulatory expertise. We see tremendous demand in this space as global regulators continue to refine and expand compliance and reporting obligations, furthering the need in the market for technology that streamlines operational efficiencies and drives scale. The CSS and Confluence offerings are highly complementary and together we will continue to deliver a truly innovative, end-to-end regulatory solution to our clients," Mark Evans, Confluence CEO.