Confluence, a provider of automated data management solutions for the investment management industry, has announced its expansion to the West Coast with the opening of an office in San Francisco.

The company's fourth office worldwide will enable Confluence to pursue its strategic acquisition goals, while leveraging the area's top technology talent and serving the growing reporting, transparency and control demands of the region's hedge fund community.

"As a strong investment banking center and a region known for technology innovation, San Francisco affords Confluence excellent opportunities for strategic growth through acquisition and continued product innovation," said Mark Evans, Confluence founder, chairman and CEO. "We're dedicated to working with our global customers to respond to the growing pressures for transparency, control and scalability being placed on back-office fund administrators."

Traditionally, companies have relied upon redundant manual processes to respond to these requirements, increasing their risk of reporting errors, making it difficult to keep up with new deadlines for the more frequent and complex reports demanded by regulators, and impacting their ability to scale to meet growth demands. The Unity software platform from Confluence automates all critical fund administration processes. The comprehensive technology platform is built on a single unified database, enabling fund administrators to verify data accuracy once, store the information, and reuse it for multiple purposes.