Advent Software Named Best Buy-Side Technology Provider by Buy-Side Technology Magazine
Advent's Flagship Portfolio Accounting Platforms Receive Best Portfolio Accounting Platform and Best Client Reporting Platform Honors
SAN FRANCISCO and LONDON - November 6, 2007 - Advent Software, Inc. (NASDAQ: ADVS), the leading provider of software and solutions for the investment management industry, today announced that it has been named best buy-side technology provider by Buy-Side Technology magazine. Advent's leading portfolio accounting platforms were also recognized: Geneva® has been named best buy-side portfolio accounting platform, and Advent Portfolio Exchange® (APX) has been named best buy-side client reporting platform.
Geneva® is Advent's platform for alternative assets, providing institutional portfolio managers, hedge funds, prime brokers and fund administrators with an integrated accounting solution that supports complex, global investment strategies and high-volume trading in multiple instruments and currencies.
APX is Advent's next-generation platform, providing institutional and high-net-worth asset managers with the functionality of portfolio management, client management and reporting in a single solution that integrates front and back office functions.
"We're extremely honored to have been named the best buy-side technology vendor, and to have our flagship portfolio accounting platforms recognized with top honors. These three awards demonstrate that Advent is successfully addressing a growing need in the investment management industry, where reliable, scalable solutions are vital to the continued growth of buy-side firms," said Stephanie DiMarco, Chief Executive Officer and founder of Advent. "Our expanding client base for APX and Geneva® highlights their status as innovative solutions that are streamlined, efficient and easily configured around the way our customers operate their businesses."
"We remain committed to meeting and exceeding our customers' expectations over the long term by providing continuous enhancements and new functionality to our solutions that will help increase value for our customers," concluded DiMarco.
"Advent was awarded the 'best overall buy-side technology vendor for 2007' on the basis of its lengthy buy-side track record and the quality and breadth of its offerings spanning the front and back offices," said Victor Anderson, Editor, Buy-Side Technology. "Advent's buy-side initiative is jointly spearheaded by its ubiquitous Moxy® OMS and Geneva®, the benchmark for buy-side portfolio accounting platforms, both of which have large numbers of existing installations at a variety of buy-side organizations. APX, winner of this year's 'best client reporting tool', was added to the Advent line-up in 2005. Finally, and perhaps most significantly, Advent has a reputation for outstanding customer service, an increasingly important differentiator in the competitive buy-side technology market."
The awards were presented on November 2, 2007 during the Buy-Side Technology Awards luncheon at The Lanesborough Hotel in London. In late October, Advent was also recognized as the top portfolio management provider to the financial services industry by Securities Industry News and Financial Insights, an IDC company.
The Buy-Side Technology Awards recognize products and services in the buy-side technology vendor industry in order to identify the leading technologies and vendors in their areas of expertise through an auditable and transparent methodology. The category winners were decided by a panel of seven judges - three Buy-Side Technology journalists and four buy-side focused technology consultants: Investit, Aite Group, Morse and Deloitte & Touche LLP.
About Advent Portfolio Exchange®
Advent Portfolio Exchange® (APX) is Advent's next generation in portfolio management technology that fully integrates the front office functions of client relationship management (CRM) and performance analysis with the back office operations of portfolio accounting and reporting. This enterprise solution leverages a single SQL database to deliver critical client information via an easy-to-use browser-based user interface. APX delivers improved client service with enhanced security for today's amplified compliance environment.
About Geneva®
Geneva®, a global investment management, reporting and accounting platform, is a proven solution for asset managers, hedge funds, fund administrators and prime brokers that require fast, easy access to real-time data and a high level of operational efficiency. Geneva® offers comprehensive global instrument coverage, a full financial general ledger and industry-standard integration tools that enable firms to manage multiple locations, complex investment vehicles, multiple investment strategies and tiered fund structures.
About Advent
Advent Software, Inc. (www.advent.com), a multi-national firm, has provided trusted solutions to the world's leading financial professionals since 1983. Firms in 60 countries use Advent technology and manage investments totaling nearly US $14 trillion. Advent's quality software, data, services and tools enable financial professionals to improve service and communication to their clients, allowing them to grow their business while controlling costs. Advent is the only financial services software company to be awarded the Service Capability and Performance certification for being a world-class support organization.
Contact:
Jessica Miller
Advent Software, Inc.
(415) 645-1668
jmiller@advent.com
Paul Watthey
Advent Software EMEA
+40 (0)20 7631 9240
paul.watthey@advent.com
