SAN FRANCISCO – September 29, 2009 - Advent Software, Inc. (NASDAQ:ADVS) a leading provider of software and services for the global investment management industry, today announced that it has entered into an agreement with Thomson Reuters to link Geneva® and Advent Portfolio Exchange® (APX), its award-winning portfolio management solutions, with Thomson Reuters’ global pricing and security reference data service, DataScope Select.
DataScope Select provides global pricing and security reference data including corporate actions for portfolio management, administration and valuation. The service covers the spectrum of data from the global exchanges, as well as foreign exchange, fixed income and derivative pricing. Together with Thomson Reuters, Advent will develop an interface that will offer Geneva® clients, and APX clients’ that are outside of North America, access to DataScope Select.
“By linking Geneva® and APX to DataScope, Advent clients will be able to seamlessly integrate pricing and reference data, which will help them to effectively manage their data requirements in a timely and flexible way,” said Daniel Eriksson, Director Solutions Management, Advent Software EMEA. “Advent is very pleased to be working together with Thomson Reuters in order to expand and enhance the core capabilities of our Geneva® and APX offerings.”
Gerry Buggy, Global Head of Hedge Funds, Thomson Reuters, said, “Thomson Reuters offers the broadest data coverage, including price, terms, conditions, corporate actions and counterparty data housed and maintained on a truly global basis. Our relationship with Advent is an endorsement of Thomson Reuters’ commitment to providing the investment management community with processing efficiencies and a consistent valuation process.”
Concluded George McLaughlin, Director of Alliances, Advent Software, “Our alliance with an industry leader like Thomson Reuters is a great example of Advent’s commitment to bring additional benefits to our clients via relationships with best-of-breed providers of complementary products and services.”
About Advent Portfolio Exchange®
Advent Portfolio Exchange® (APX) is an end-to-end portfolio management solution that integrates the front-office functions of prospecting, marketing, and customer relationship management 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. For more information on APX visit our demo page.
Geneva®, a global investment management and accounting platform, is a proven solution for asset managers, hedge funds, fund administrators, prime brokers, and mutual funds that require a high level of operational efficiency and easy access to real time data. Geneva® offers comprehensive instrument coverage, full financial general ledger, and industry-standard integration tools to enable firms to manage complex investment vehicles, multiple investment strategies, and tiered fund structures. For more information on Geneva® visit our demo page.
About Advent’s Alliance Program
Advent's Alliance Program is comprised of Alliance Partners that provide robust solutions that complement and enhance the core capabilities of Advent's offerings. Together with Advent, this elite group of partners offers certified integration to Advent's products. Alliance Partners offer a broad array of systems, software, business information, and other important services uniquely adapted to meet the needs of the Advent client community. These solutions are designed to help customers improve their operational efficiency, and offer superior service to their clients.
Advent Software, Inc., a global firm, has provided trusted solutions to the world’s financial professionals since 1983. Firms in 60 countries rely on Advent technology to run their mission-critical operations. 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 and services organization. For more information on Advent products visit our product demo page.
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, the successful development, timing, and market acceptance of new products and enhancements, the impact of initiatives by competitors, continued uncertainties and fluctuations in the financial markets and economic conditions 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 2008 annual report on Form 10-K, 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.
Advent, the Advent logo, Advent Software, Advent Portfolio Exchange and Geneva are registered trademarks of Advent Software, Inc. All other company names or marks mentioned herein are those of their respective owners.