Confluence, a technology solutions provider for the investment management industry, has agreed to acquire Compliance Solutions Strategies (CSS), a RegTech company. Founded in 2017 and headquartered in New York, CSS offers a global RegTech platform underpinned by its proprietary Regulatory Book of Record data management solution. Servicing more than 600 clients globally, including nine of the top 10 global asset managers and six of the top 10 global hedge funds, CSS is a Compliance-as-a-Service provider. The transaction is expected to close in the fourth quarter of 2021.
