Company Research Report: Convergence

Company Overview

Name and Mission

Name: Convergence
Mission: Convergence is dedicated to revolutionizing the way the Financial Services community utilizes data by independently creating proprietary, data-driven insights that support revenue growth, efficiency, and non-investment risk objectives.

Founding Details

Founded: 2013

Founders: "C-Suite" Executives with successful track records from high-profile firms: Apollo Global Management, JPMorgan, GlobeOp Financial, BISYS, Fidelity, Bank of America, Arthur Andersen, KPMG, and MFS Investments. Additionally, personnel from institutional stalwarts like Morgan Stanley, Goldman Sachs, Credit Suisse, and Tiger Management contribute to Convergence's pedigree.

Key People

John Phinney: Chairman/CEO

George Evans: President/Chief Revenue Officer

Warren Master: Chief Technology Officer/Head of AI Research and Development

David A. Etzbach: Managing Director/Head of Custodians and Allocators

George Gainer: Head of Client Management

Vidya Sagar Minukuri: Global Head of Data Science & Operations

Headquarters

Location: 50 Washington Street, Suite 501W, South Norwalk, CT 06854

Employees

Number of Employees: No information is available

Revenue

Revenue: No information is available

Recognition

Known For: Convergence is known as a Data as a Service (DaaS) company that provides complete data solutions, including sourcing, normalizing, structuring, analytics, and reference data services to the financial services community. They hold the most comprehensive database in the industry powered by more than 10 years of time series original content and predictive analytics.

Products and Services

Product Offerings

1. Convergence Database

Description: A comprehensive database with data sourced daily from multiple U.S. and non-U.S. regulatory filings and third-party sources.

Key Features:

42,000+ Private and Public Fund Investment Advisors in 67 countries.

85,000+ Mutual Funds, ETFs, and UCITs.

26,000+ data artifacts per advisor with 350 proprietary business rules.

2. Business Development & Client Management Insights

Description: Provides insights that support trend discovery and emerging revenue opportunities.

Key Features:

Predictive and 'Best Fit' analytics to identify and retain the best prospects and clients.

3. Outsourced Data Services & Research

Description: Offers outsourced data management services, including predictive analytics, custom research, and reference data management.

4. Effectiveness & Efficiency Support

Description: Provides insights and consulting acumen to help firms navigate complexities in key operating and control areas.

5. Non-Investment Business Risk Management

Description: Offers independent views into the commercial and operational risk exposures of organizations.

Recent Developments

New Developments

Partnerships: No information is available.

New Products/Features: No specific new product developments are mentioned, but there is a constant release of new insights, products, and enhancements based on client feedback.

Announcements: Convergence announced the release of three new data sets and extensive product updates, research, and risk analytical platforms in 2020.

Awards and Recognitions:

Alt Credit Performance and Services Award 2021

Nominated for the HFM Technology Award 2017

Named one of the '20 Most Promising Data Integration Solution Providers' in 2016.

Vision and Clients

Vision

Vision Statement: To serve the financial services community as a thought leader and trusted partner dedicated to providing insights that help support revenue growth, identify opportunities for efficiencies and best practices, and identify and manage client operational and commercial risk.

Clients

Client Ecosystem: Includes the entire Financial Services ecosystem. Extensive use of Products & Services by asset managers, allocators, and service providers.

Conclusion

Convergence stands out in the financial services domain by offering end-to-end data solutions that integrate advanced predictive analytics with a focus on accuracy and original research. Leveraging its extensive database and subject matter expertise, Convergence continues to help its clients optimize business models and drive strategic growth in an ever-evolving financial landscape.