FOR IMMEDIATE RELEASE

CONFLUENCE ADDS SALES LEADER TODD L. MOYER TO TEAM OF INDUSTRY VETERANS, CONTINUING THE COMPANY'S DRIVE FOR GLOBAL EXPANSION

(Pittsburgh, PA - July 26, 2012) Confluence, a leading provider of automated data management solutions for the investment management industry, announced today that industry veteran Todd L. Moyer has joined the company as Senior Vice President of Global Sales. As the leader of Confluence's global sales strategy and execution, Moyer will be responsible for maximizing the company's revenue growth potential in U.S. and European markets. He will also be working with Confluence's new management team to capitalize on expansion opportunities that fit the company's global growth plans.

Prior to joining Confluence, Moyer served as Executive Vice President of SunGard's Wealth management business, where he was responsible for sales strategy and the delivery of integrated wealth management solutions. During his time at SunGard, Moyer also held several management positions in the areas of product development, operations and client services.

"I am excited to join a company with such a strong reputation for leadership and innovation in the asset management industry," said Moyer. "I look forward to building on the strength of our top tier client base and talented team as we continue to expand Confluence's global footprint."

Moyer joins recent new hire Janis Shaw, along with Dave Moore, James "Skip" Smith and Dan Torrens, who were recently promoted to newly created Senior Vice President leadership roles as part of company's global growth strategy.

Shaw recently joined the organization to oversee global human resources in the new role of Vice President of People. Shaw is an experienced leader who has a strong track record of building successful human resources functions for high growth companies, and will play an integral role in Confluence's global recruitment and expansion efforts. Prior to joining Confluence, she was Vice President of Human Resources for German-based Draeger Safety, Inc. — North America.

Moore, who joined the company in 2007, was promoted to Senior Vice President of Professional Services. With more than 25 years of dedicated financial services technology experience, Moore has transformed Confluence's Professional Services organization into a world-class operation that completes implementation projects consistently on time and on budget. Continuing his leadership in this area, he is responsible for overseeing the Confluence and Professional Services operations.

Since joining Confluence in 2010, Smith has been instrumental in executing the company's global growth strategies, driving results for clients through product innovation and increasing process discipline. In his new position as Senior Vice President of Product Development, Smith is responsible for leading the product management, product development and project management organizations globally for Confluence.

With more than 15 years of fund services experience, Torrens will continue to lead the company's efforts to provide superior service, expertise and products to its clients as the Senior Vice President of Client Service. During his time with Confluence, Torren's accomplishments include the development and launch of the Unity® platform, the industry's only unified platform to automate fund administration processes, and the establishment of Confluence as a global leader in client loyalty. He introduced the Net Promoter Score (NPS) operating model as a company-wide discipline.

About Confluence

Founded in 1991, Confluence is a global leader in fund administration automation. Confluence helps investment management companies gain unprecedented control by automating every step of the fund administration process—including the collection, creation, confirmation, and delivery of investment product data. Results are lower costs, reduced risk, decreased reporting turnaround times, and the scalability to automate more processes without additional resources. Confluence solutions are used by 40 percent of the leading global investment managers, and more than 60 percent of U.S. mutual funds. The Unity® platform from Confluence addresses a wide range of problems from performance measurement to customized reporting for a full array of domestic and international managed investment products, including mutual funds, funds of funds, collective funds, separate accounts, and variable products, as well as hedge funds and other alternative investments. Headquartered in Pittsburgh, PA, Confluence serves the international fund industry with key locations in San Francisco, CA, London and Luxembourg. For more information, visit www.confluence.com.

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