SAN FRANCISCO - October 31, 2007 - Advent Software, Inc. (NASDAQ: ADVS), the leading provider of software and solutions for the investment management industry, today announced that Securities Industry News and Financial Insights, an IDC company, have recognized it as a top portfolio management provider to the financial services industry in the esteemed Securities Technology 2007 ranking.
Advent offers three distinct portfolio management solutions to meet the diverse needs of the marketplace:
o Geneva®, Advent's award-winning platform for alternative assets, provides 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.
o Advent Portfolio Exchange® (APX), the company's award-winning next-generation platform, provides 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.
o Axys®, Advent's legacy accounting platform, provides small to mid-sized portfolio management firms with a turnkey accounting and reporting solution.
"For almost 25 years, Advent has focused on leveraging technology to improve the efficiency and accuracy of accounting for the buy side, and we are thrilled that Advent's portfolio management leadership is being recognized with this honor," said Stephanie DiMarco, Chief Executive Officer and founder of Advent. "Placing first in this category demonstrates the strength and stability of our leading suite and is a testament to the significant investment we make to ensure that Advent's solutions enable our 4,500 clients to focus on what they do best."
This is the second annual ranking of the top global technology and institutional providers for capital markets in North America based exclusively on primary research and interviews with executives in the securities industry. Data is gathered from surveys completed by end users, as well as original research and market analysis conducted by Financial Insights.
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.
Advent Software, Inc.