San Francisco, CA, January 11, 2005 - Advent Software, Inc. (NASDAQ: ADVS) announces that the financial services division of Kaufman, Rossin & Co., a Florida-based certified public accounting firm with clients in two dozen countries, has licensed Advent’s Geneva® for its fund administration business. Kaufman, Rossin joins a growing list of the world’s leading firms using Geneva®, including six of the top 10 global fund administrators.
Geneva® is the industry’s premier global investment accounting solution. It solves the complex challenges faced by global asset managers, mutual funds, hedge funds, fund administrators and prime brokers, with speed and efficiency unmatched in the marketplace today. Geneva® features a large inventory of security types and transaction coverage, helping firms react to changes in business climate by handling both existing and future investment opportunities.
The firm also licensed Advent's partnership accounting software, Advent Partner®. Used in conjunction with Geneva®, Advent Partner® will help Kaufman Rossin achieve greater automation of investor allocations and reporting, while keeping data integrity sound.
Kaufman, Rossin’s fund administration business serves funds of all sizes, styles and strategies. The firm has selected Geneva® to meet the needs of its growing client base efficiently. Kaufman, Rossin’s professionals chose Geneva® for its ability to fulfill the requirements of its sophisticated global client base, including its handling of complex financial instruments, fund structures, and custom reporting requests. The firm will integrate Geneva® with their straight-through-processing (STP) infrastructures.
“One of the reasons clients choose Kaufman, Rossin is because of our customer service commitment. They expect us to have the flexibility to quickly and professionally meet their changing needs,” said Keith Sharkey, Kaufman, Rossin financial services principal. “We wanted the best for our clients so we selected the best technology. With the dramatic expansion in the hedge fund industry, the increasingly diverse array of global financial instruments, and investor demands for transparency, we must be even more flexible and responsive. Geneva® will help us take our service to the next level, to continue to exceed our clients’ expectations on a global scale.”
“Fund administrators are a critical component to the hedge fund industry, and their growth is only fueling the many achievements the industry is now witnessing. Our goal is to continually meet the evolving needs of this industry, and provide the most sophisticated, reliable technology on which they run their business. We’re very pleased to have Kaufman, Rossin on board,” said Peter Hess, senior vice president and general manager for Advent’s global accounts business.
ABOUT KAUFMAN, ROSSIN & CO.
Kaufman, Rossin, & Co. maintains offices in Miami, Fort Lauderdale, Boca Raton and the Cayman Islands. The top independent accounting firm in Florida, the firm has represented entrepreneurs and public companies for more than 40 years and serves international clients in more than two dozen countries. It offers a complete array of traditional accounting services, and consulting services specially tailored for clients' needs. For investment companies, Kaufman, Rossin provides audit, tax, financial reporting and consulting services, as well as powerful fund accounting and administration. With more than 180 members, the firm is large enough to provide versatility, but able to render the personal service upon which its reputation is based. For more information, visit www.kaufmanrossin.com.
Advent Software, Inc. (www.advent.com), a multi-national company, has been providing trusted solutions to the world’s leading financial professionals since 1983. Firms in 50 countries using Advent technology manage investments totaling more than US $8 trillion. Advent’s quality software, data and services enable financial professionals to improve service and communication to their clients, allowing them to grow their business while controlling costs.
Advent Software, Inc.
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San Francisco CA 94107