New York (HedgeCo.net) – Hedge fund administrator Confluence’s Chief Executive Officer and founder, Mark Evans, has received the Ernst & Young Entrepreneur Of The Year 2011 Western Pennsylvania and West Virginia Award in the Technology category.

According to Ernst & Young LLP, the award recognizes outstanding entrepreneurs who demonstrate excellence and extraordinary succes s in such areas as innovation, financial performance and personal commitment to their businesses and communities. Evans was selected by an independent panel of judges comprised of previous award winners, leading CEOs, private capital investors and other regional business leaders. The award was presented at a gala event on June 10 at the Westin Convention Center Hotel in Pittsburgh, PA.

“It is an honor to be recognized among such an esteemed group of successful entrepreneurs,” Evans said. “I share this award with my colleagues at Confluence, as well our clients. I’ve been fortunate to surround myself with many smart, passionate and entrepreneurial people, from colleagues to clients, who are committed to transforming fund administration through technology.”

Mark Evans founded Confluence to provide a better way for managed investments, such as mutual funds and hedge funds, and their service providers worldwide to manage their data and handle complex repo rting and compliance requirements. His vision has led to a sea change in how investment management companies handle fund administration.

Under his leadership, Confluence developed the Unity® platform, the first and only software platform to automate critical fund administration processes. Today, the company is a market leader, serving 40 percent of the leading global investment managers, and more than 60 percent of U.S. mutual funds. As a result, the company has also expanded over time. In addition to its headquarters in Pittsburgh, Confluence has offices in London and Luxembourg, and has just opened a new location in San Francisco.