SAN FRANCISCO – September 13, 2007 – Advent Software, Inc. (NASDAQ: ADVS), the leading provider of software and solutions for the investment management industry, today announced that Trusco Capital Management Inc. (Trusco) has gone live with Advent Portfolio Exchange® (APX). APX is Advent’s integrated platform for portfolio management and client relationship management. Trusco, an Atlanta-based registered investment adviser with over $73 billion in assets under management, is one of 30 Advent clients to go live on APX in the last six months.
Trusco, a long-time Advent client migrated to APX from Axys®. They have upgraded to APX to take advantage of the system’s integrated portfolio management and client relationship management capabilities, positioning themselves for further growth. “The benefits of having such a robust integrated platform from a trusted partner made it an easy decision to upgrade to APX,” said Sean Porrello, Director of Investment Technology, Trusco Capital Management.
“APX provides us with a stable accounting platform that has been instrumental in significantly enhancing operational efficiencies and allowing us to increase our assets under management without any additional modifications or expenses. The ease of automation, along with the accuracy of the data has allowed our team to automate even more overnight processes and have the data used in the investment process available for the start of each business day,” added Porrello.
“We are very pleased to welcome Trusco to our growing list of customers that have gone live on APX,” said Michele Holton, Director, Product Marketing at Advent. “We continue to see strong demand for APX as large firms like Trusco seek to improve front and back office operations.”
The 30 customers that went live on APX in the past six months comprise a wide range of investment management firms in the
Added Holton, “We are excited about the maturation of APX and the momentum we have seen behind the product in recent months. The strong client response proves that APX is helping our clients execute more effectively and efficiently.”
About Trusco Capital Management
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.
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, Advent Portfolio Exchange and Axys are registered trademarks of Advent Software, Inc. All other company names or marks mentioned herein are those of their respective owners.
Any forward-looking statements included in this press release involve risks and uncertainties that could cause actual results to differ materially from our expectations. These risks and uncertainties include continued sales of existing products, market acceptance of new products, the impact of initiatives by competitors and other risks detailed in Advent’s most recent filings with the Securities and Exchange Commission, including, but not limited to, its quarterly reports on Form 10-Q and its 2006 annual report on Form 10-K/A, copies of which may be obtained by contacting Advent Software at (415) 645-1787 or by visiting Advent’s Investor Relations Web site at www.advent.com.