SAN FRANCISCO – July 22, 2008 – Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services for the global investment management industry, today announced that it has formed a consulting alliance with Softagon Corporation, a leading provider of custom integration and data management consulting services to hedge funds. Softagon will provide customized software and integration platforms to Advent clients using Geneva®, Advent’s award-winning global investment management and accounting platform.
Softagon has a proven track record of working with hedge funds and prime brokers that have deployed Geneva® and other Advent technologies. Softagon’s expertise is reflected in its deep understanding of industry standard tools and methodologies that assure a very high level of performance and stability for mission-critical hedge fund software. The company has delivered major software applications and worked closely with hedge funds and other service providers to address all aspects of managing investment information.
Softagon will offer several services to firms using Geneva®, including: application design and analysis, application development, report customization, integration services, procedure documentation, conversions, project management, test services, on-going support, and user training.
"Advent is a proven leader in the marketplace and we are excited to be working with them to provide their clients with custom software services," said Todd Wade, Senior Vice President of Softagon Corporation. "We look forward to building on our firm’s relationship with Advent, our understanding of technology platforms of major industry service providers, and the unique needs of our clients to ensure the greatest return on investment in Advent solutions.”
"We are very pleased to introduce Softagon Corporation to our Consulting Partner program; Advent places a high priority on a successful and positive client experience and recognizes the importance of consulting partner contributions," said Todd Gottula, Senior Vice President and Co-Head of Global Accounts for Advent. "Having completed major software development projects for leading asset managers and for Advent, the Softagon team offers excellence in trading integration, accounting and client services with the goal of creating seamless workflow."
Advent's Consulting Partner program selects well-established technology consulting companies that have significant experience and expertise working with Advent’s award-winning solutions, and have been screened and approved by Advent Professional Services and Product Development organizations.
About Softagon Corporation
Softagon is committed to the highest levels of software quality and client satisfaction in the alternative investment industry. Founded in 1998, Softagon has senior consulting professionals based in San Francisco and New York to support long-term relationships with clients in major financial centers. Softagon fulfills the needs of hedge funds, prime brokers, and service providers for software that precisely meets the requirements of each client and the unique needs of their strategies. To find out more, please visit www.softagon.com.
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, click here.
Advent Software, Inc. (www.advent.com), a global company, 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 $18 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. For more information on Advent products, click here.
The Advent logo and Geneva are registered trademarks of Advent Software, Inc. All other company names or marks mentioned herein are those of their respective owners.
Advent Software, Inc.