San Francisco, CA, October 16, 2001 - Advent Software, Inc. (Nasdaq: ADVS) announces an expanded strategic relationship with The Reference, a technology consulting and advisory services firm with exclusive focus on solutions for the investment management community. The new agreement will provide enhanced support for Advent's Geneva¸ clients, and is an expansion of Advent's existing Alliance Program relationship with The Reference.
Geneva is Advent's real-time, global portfolio accounting system for firms that demand true multi-currency, high performance portfolio accounting. Geneva has experienced a rapid adoption rate by the industry's largest hedge funds, global asset managers and prime brokers. Under the agreement, The Reference will create an east coast Geneva Solution Center staffed by trained consultants. This group will work with Advent's professional services team supporting Geneva implementation and integration as well as building complementary Geneva applications.
"This partnership brings the best-in-class portfolio accounting software together with world-class investment management expertise to craft a comprehensive solution for our mutual clients," said Sumedh Mehta, President and CEO of The Reference. "The potential benefit to Geneva users is extraordinary."
"We've had a particularly careful rollout of Geneva in the past few years in order to ensure that each installation is successful, and each Geneva client firm is given the attention they deserve. The addition of The Reference's resources to our Geneva support and services team will allow us to deliver this state-of-the-art technology to an even larger section of the industry," said Stephanie DiMarco, Chairman of Advent Software.
About The Reference, Inc.
Founded in 1997, The Reference is a privately held technology consulting and advisory services firm with offices in Boston and New York. Serving only the investment management community, The Reference is dedicated to delivering high-value solutions to its clients. The Reference applies its deep investment management expertise to assist its clients solve their most complex business challenges. More information about The Reference can be found at www.the-reference.com.
Advent Software, Inc. is the leading provider of Enterprise Investment Management solutions. The company provides a suite of complementary products for the front, middle and back offices of investment management organizations. The company's common stock is traded on the NASDAQ National Market under the symbol ADVS.
Advent Software, Inc.
301 Brannan Street
San Francisco CA 94107