Resurgens Announces Sale of Investment Metrics to Clearlake Capital and TA Associates-backed Confluence
November 3, 2021
Portfolio Company News, Press Releases


Resurgens Technology Partners, a software-focused private equity firm, is pleased to announce that its portfolio company Investment Metrics, a leading provider of analytics, reporting, data and benchmarking solutions for the institutional investment market, has entered into an agreement to be sold to Confluence Technologies, Inc. for $500 million. Confluence, a global software and data solutions provider serving the investment management industry, is backed by Clearlake Capital Group, L.P. and TA Associates. The transaction is expected to close in the fourth quarter of 2021.

Investment Metrics is a leading global provider of mission-critical reporting and analytical research solutions that empower institutional investment allocators, asset owners and asset managers to achieve better financial outcomes with clear investment insights. After many years of continuous innovation and accretive organic and inorganic growth, the company is now recognized as the leading reporting and analytics platform in its segment and has become foundational to the workflows of the largest and most demanding clients in the institutional investment sector.

Since investing in Investment Metrics in 2017, Resurgens worked alongside management to close two subsequent acquisitions, which enabled the company to expand its geographic reach, diversify its customer base and addressable market, significantly expand its product portfolio and add world-class talent with deep domain expertise and strong industry relationships. Since Resurgens’ investment in 2017, employee count rose over five-fold, and revenue nearly quadrupled.

“The product, customer and global market expansion we’ve experienced during our partnership with Resurgens have cemented Investment Metrics’ leading position in the global investment technology ecosystem,” said Founder and Chief Strategy Officer Sanjoy Chatterjee of Investment Metrics. “Resurgens orchestrated and helped integrate two strategic acquisitions, which changed the trajectory of our company. They demonstrated integrity, mutual respect and transparency every step of the way.”

“As we look to the future with Confluence, we are excited to continuously improve upon our platform, which serves as a foundational tool for some of the largest institutional investors in the world,” continued Brent Burns, CEO of Investment Metrics. “We are grateful for Resurgens’ support over the past four years.”

Investment Metrics was the initial investment in Resurgens’ first fund, which has made seven platform investments and seven add-on acquisitions.

“Resurgens is very proud of the company we helped to build in partnership with the Investment Metrics team,” said Resurgens Managing Directors Fred Sturgis and Adi Filipovic. “The company has become a leading global player in the institutional investment technology segment, and we are excited for its next phase of growth as part of Confluence.”

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


About Investment Metrics

Investment Metrics is a leading global provider of portfolio analytics, reporting and data that helps institutional investors and advisors achieve better financial outcomes, grow assets and retain clients with clear investment insights. Our solutions drive insights across 20K+ institutional asset pools, 28K+ funds, 910K+ portfolios, representing $14T+ in AUA. With over 400 clients across 30 countries and industry-leading solutions in institutional portfolio analytics and reporting, style factor and ESG analysis, competitor and peer analysis, and manager and market research, we bring insights, transparency and competitive advantage to help institutional investors and advisors achieve better financial outcomes. For more information about Investment Metrics, please visit www.invmetrics.com.

About Resurgens Technology Partners

Resurgens Technology Partners is a tech-focused private equity firm investing in North American and select European lower middle-market application and IT/infrastructure software businesses. Resurgens’ growing team offers a diversity of investing, operating and talent management experience, applying an active and engaged value creation approach with each portfolio company. Resurgens is headquartered in Atlanta, GA, with additional professionals located in Austin, London and Silicon Valley. For more information, visit www.resurgenstech.com.