Investment Metrics

What Investment Metrics does

Investment Metrics, now operating as Confluence Technologies, Inc., provides investment analytics, reporting, and benchmarking software for the global institutional investment community. The company's core product is the Investment Manager Global Database, which contains asset manager profiles from 2,500+ firms covering 68,000+ products, 380+ peer groups, and 5,400+ benchmarks, used by investment consultants, asset owners, and asset managers for manager due diligence, peer analysis, performance reporting, and GIPS composite management. Distribution of submitted data is automated through APX Stream, which propagates a single manager submission to 50+ industry databases, and DataDrive provides the assembly, verification, and management layer. The platform serves ~90% of the top 80 investment consultants and asset allocator clients representing 75% of total institutional retirement assets under administration.

The broader Confluence product portfolio extends well beyond the database into analytics, reporting, and compliance: Revolution and Revolution Composites provide performance, risk, factor, and GIPS analytics; PARis and the Alternative Funds Reporting Platform serve alternative fund managers; Unity Financial Reporting and Unity Performance handle institutional plan reporting; Omnia, Rex, Signal, Silverfinch, and Style Analytics (acquired January 2021) address investor communications, shareholder disclosures, document production, and investment style/factor analysis respectively; and Compliance Services plus Pricing & Valuation Services extend into regulated workflows. The architecture is a platform-plus-modules model delivered via authenticated web-based client portals.

Investment Metrics/Confluence is a privately held corporation (legal entity Confluence Technologies, Inc., USA) headquartered at Nova Tower One, One Allegheny Square, Suite 700, Pittsburgh, PA 15212, with 51-100 employees. Revenue is generated through enterprise subscriptions sold via a sales-led, field-based GTM targeting institutional investment professionals across four verticals: asset managers, asset owners (pension funds, endowments, foundations), investment consultants, and asset service providers. Pricing is quote-based, annual billing, and not publicly disclosed. The company was founded circa 2010 (per firmographics; founding year not confirmed in narrative sources), received a funding round in 2017 led by Resurgens Technology Partners with HarbourVest Partners, and was rebranded from Investment Metrics to Confluence.

Name

Investment Metrics

Legal name

Confluence Technologies, Inc.

Website

https://invmetrics.com

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

51–100 employees

Short description

Investment Metrics (now Confluence Technologies, Inc.) provides investment analytics, reporting, and benchmarking software for institutional investors, asset managers, and investment consultants, centered on a Global Database covering 2,500+ firms, 68,000+ products, and 5,400+ benchmarks.

Ownership category

akta.pro rank

Product category

Investment Analytics & Performance Reporting Software

NAICS

Portfolio Management and Investment Advice (523940), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523), Other Financial Investment Activities (5239)

SIC

Services-Engineering, Accounting, Research, Management (8700), Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

Analytics, Risk Models & Factor/Style Indices (FSAFAIAG)

akta.pro secondary industries

Reference, Corporate Actions & Symbology Master Data Providers (FSAFAIAC), Investor Education, Research & Portfolio Analytics Services (Retail) (FSAAAAAO), Account Aggregation & Connectivity (Multi-bank linking) (FSAGACAA)

Keywords

• Investment analytics software
• Institutional asset management
• Performance reporting tools
• Manager due diligence
• GIPS compliance solutions

Headquarters

HQ city

Norwalk

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Infrastructure, Marketing or Sales, Operations

Revenue model

1. Database Access Subscriptions: Subscription-based access to the Investment Manager Global Database, providing institutional investors and consultants with manager data for due diligence and reporting purposes
2. Data Distribution Services: APX Stream enables asset managers to distribute their data across multiple industry databases from a single submission

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels3 records

Core offering

Investment Metrics (now operating as Confluence) provides a web-based investment analytics and data platform centered on the Investment Manager Global Database, which contains profiles of 2,500+ asset manager firms covering 68,000+ products, 380+ peer groups and 5,400+ benchmarks. Its core deliverables include the Global Database, APX Stream for automated multi-database data distribution, DataDrive for data assembly and management, and an analytics/reporting suite (Revolution, PARis, Style Analytics, Unity) for performance measurement, GIPS compliance, risk analytics, and investor reporting.

Product overview

Investment Metrics, now operating as Confluence, offers a platform-plus-modules architecture centered around its Investment Metrics Global Database. The core offering includes a global database of 2,500+ asset manager firms, 68,000+ products, and 5,400+ benchmarks, combined with data collection tools like InvestorForce Collect and data distribution capabilities through APX Stream and DataDrive. Under the Confluence brand, the portfolio extends to include analytics products (Revolution, PARis, Omnia, Rex, Signal, Style Analytics), reporting solutions (Unity Financial Reporting, Unity Performance, Alternative Funds Reporting Platform), and document production tools. The platform serves investment managers, asset owners, and consultants with reporting, analytics, peer analysis, and GIPS compliance capabilities.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• ~90% of top 80 investment consultants are clients
• +1 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators6 records

Recent moves4 records

Expansion highlights6 records

Direct peers

• Morningstar Direct: Morningstar Direct offers institutional investment analysis, performance attribution, and manager research capabilities that closely overlap with Investment Metrics' analytics, peer analysis, and reporting offerings for asset managers and consultants.
• SimCorp: SimCorp's Dimension platform serves asset managers and institutional investors with performance, risk, and reporting modules — directly overlapping Investment Metrics' Revolution analytics, GIPS composites, and reporting offerings for buy-side institutions.
• eVestment (Nasdaq): eVestment is the most direct competitor to Investment Metrics' Global Database — providing institutional manager research, due diligence, and performance analytics databases used by consultants, asset owners, and asset managers.

Others

• Cambridge Associates: Cambridge Associates is a global investment consultant that conducts manager research and due diligence for institutional clients — directly competing in the manager research/advisory layer while also being a data buyer for platforms like Investment Metrics.
• Mercer (investment consulting): Mercer is a major investment consultant and a key buyer of manager research data. While primarily a customer/prospect of Investment Metrics rather than a direct product competitor, Mercer's MANAGERSEARCH database overlaps conceptually with Investment Metrics' Global Database.

Broad incumbents

• BlackRock Aladdin: BlackRock's Aladdin platform unifies risk, performance, and reporting for institutional investors. As the largest integrated buy-side operating system, it represents the long-term bundling threat to standalone performance and risk analytics providers like Investment Metrics.
• SS&C Technologies (Eze Software / SS&C GlobeOp): SS&C provides investment management software, data, and analytics (including Eze EMS and Advent products) for asset managers and owners, competing across reporting, performance, and analytics workflows relevant to Investment Metrics' institutional buyer base.
• Bloomberg (PORT): Bloomberg's PORT enterprise product delivers multi-asset performance, risk, and reporting for buy-side institutions, competing with Investment Metrics' Revolution and Unity Performance offerings within a broader Bloomberg terminal ecosystem.
• FactSet: FactSet provides integrated portfolio analytics, performance attribution, and reporting for asset managers and asset owners, overlapping with Investment Metrics' analytics and reporting modules while operating at significantly larger scale.
• MSCI (RiskMetrics / BarraOne): MSCI provides integrated risk, performance, and portfolio analytics (BarraOne, RiskMetrics) for institutional investors, overlapping with Investment Metrics' factor analysis, risk analytics, and Style Analytics capabilities but as part of a much broader data and index franchise.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/investmetrics
• Facebookfacebook.com/Investment-Metrics-LLC-113226425429417
• LinkedInlinkedin.com/company/investment-metrics

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds1 record

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Investment Metrics