Clearlake-Backed Confluence Technologies Appoints FinTech Veteran Spiros Giannaros as Chief Executive Officer

Confluence Technologies, Inc. (“Confluence” or the “Company”), a global technology leader in enterprise data, software, and AI-driven solutions for regulatory, analytics, and investor communications in the investment management industry, today announced the appointment of Spiros Giannaros as Chief Executive Officer, effective immediately. Founder and CEO, Mark Evans will transition to Executive Chairman and continue working closely with the leadership team on corporate strategy and growth initiatives. Confluence is backed by Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”).

Mr. Giannaros brings more than 25 years of leadership experience across the software and FinTech space. Prior to joining Confluence, he served as Executive Vice President at State Street Corporation, most recently as CEO of its Charles River Development company and head of the State Street Alpha Platform. Prior to joining State Street, Mr. Giannaros was a Partner at IHS Markit serving as global head of Enterprise Data Management (EDM) and thinkFolio and spent 15 years in leadership positions at Charles River Development spanning sales, account management, and product marketing. 

“We are thrilled to welcome Spiros as CEO and congratulate Mark on his transition to Executive Chairman,” said James Pade, Partner and Managing Director, and Sean Courtney, Principal, at Clearlake. “Spiros has a track record of driving growth, product innovation, and client success at scale. We believe his deep FinTech expertise will accelerate Confluence’s momentum in AI-driven solutions to meet the growing reporting demands for the investment management industry.”

“For the past 30 years, Mark and his team have built Confluence into a leading global technology solutions provider to the investment management industry, and I am incredibly excited to join a firm with such a great brand of service quality and customer centricity,” said Mr. Giannaros. “This is an especially exciting time to join Confluence, as the rapid growth of AI, alternative asset management, and private funds is creating new demands for data, analytics, and regulatory solutions across the industry. I look forward to working alongside the Confluence team and Clearlake to build on this strong foundation to deliver innovative technology solutions to our clients and execute our strategic growth plan to build a differentiated platform.”

Mr. Evans founded Confluence in 1991 with a vision to revolutionize the asset management industry through technology, innovation, and data management automation. Under his leadership, Confluence established itself as a global leader in enterprise data and software for regulatory reporting, analytics, and investor communications. For more than 30 years, the Company has supported the world’s largest asset managers, service providers, and owners with solutions that streamline critical reporting and deliver actionable insights with greater speed and accuracy.

“I’m delighted to welcome Spiros,” said Mr. Evans. “He embodies Confluence’s commitment to focus on clients, staff, and market success. His experience and character align with our company pledge: ‘Expect It.’ ”