Confluence Technologies, a global solutions provider aiding the investment management industry, has announced it has secured a multi-year agreement with FundHero, a Luxembourg-based fund service company.

The deal is aimed to combine Confluence’s cloud-based Revolution platform with FundHero’s own technology to provide clients with an exclusive managed software offering.

FundHero is a service provider that uses cutt technology to support fund companies as they position themselves for compliance in an increasingly complex regulatory environment. The company has selected Confluence’s Revolution platform (which was part of legacy StatPro’s business before the acquisition) to provide a solution compliant with UCITS and Alternative Investment Fund (AIF) frameworks.

With a focus on risk and regulatory oversight, this enhancement will enable FundHero to provide a full suite of services to a variety of companies in Luxembourg and Germany, including a large global custodian bank.

“Confluence is excited to become a valued partner with FundHero, as we help them deliver cutting edge risk, regulatory and reporting solutions to fund administrators,” said Todd Moyer, Confluence’s President and chief operating officer. “Pairing our Revolution platform with FundHero’s managed service solution presents a unique opportunity for our firms to deliver unprecedented capabilities to fund managers.”

“In previous positions, I had seen the power of Revolution and I was excited at the opportunity to partner with Confluence to provide these services to our clients,” said Heiko Hector, Founding Executive Director of FundHero. “We’re looking forward to working with the Confluence team to provide unparalleled software and service to our clients.”