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Why StatPro Agreed to the Confluence Takeover

September 25, 2019 by Eugene Grygo

Why StatPro Agreed to the Confluence Takeover

StatPro’s board of directors announced late last week that it had agreed to a takeover offer from Confluence via Bidco in an all-cash agreement of approximately £161.1 million ($201.3 million). The deal will take the company private — apparently in an effort to give customers fuller product platforms via a combined company. To recap, StatPro… Read More >>

Filed Under: FTF Bull Run Blog, Securities Operations, Buy-Side, Corporate Actions, Data Management, Industry News, Middle-Office, Operational Risk, Ops Automation, Outsourcing, Reconciliation & Exceptions, Risk Management, Settlement, Governance, FinTech Trends, Back-Office, Integration, Standards, Opinion, Minding the Gap, Performance Measurement, KYC, AML/Fraud/Financial Crime, Regulation & Compliance, Cybersecurity, Derivatives, Regulatory Reporting, Industry News Tagged With: cloud‐based platform, compliance solutions, Confluence Technologies, Eugene Grygo, Jonathan W. Meeks, Minding the Gap, Panmure Gordon, performance measurement, portfolio analytics, risk management, SaaS, StatPro

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