LONDON and SAN FRANCISCO – June 10, 2013 - Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services for the global investment management industry, today announced that it has been named 'Best Technology Fund Accounting & Reporting Software' at the 2013 European Hedge Fund Services Awards, hosted by HFMWeek in London. The annual award was presented to Advent for the fifth consecutive year for its industry-leading solution for alternative investment managers, which delivers powerful, innovative features supporting the growth and maximizing the efficiency and transparency of a firm's business.
"With pressure on the frequency and accuracy of fund reporting increasing all the time, we felt the quality of Advent's fund accounting software made it a compelling winner in this category," said the panel of judges from HFMWeek. "An exceptional solution from an impressive firm."
The heart of Advent's offering for alternative investment managers is the award-winning Geneva® solution. With over 360 clients worldwide and continued growth internationally and in non-traditional segments, Geneva® is a global leader in portfolio management for firms of all sizes. Clients, including hedge funds, asset managers, family offices, fund administrators, and prime brokers, rely on Geneva® to streamline, automate and integrate the investment management process across their entire organization. These benefits make the solution attractive to European firms looking to improve client service and comply with ongoing regulatory standards.
"We're honored to win this award and the recognition by HFMWeek validates the relevance of Advent's solution for alternative asset managers in the region," said Håkan Valberg, President EMEA, Advent Software. "We continue to see an increased demand for our solutions as firms acknowledge our innovative and constantly evolving solution roadmap, recognizing Advent as a trusted partner for growth in Europe, the Middle East, and Africa."
Advent Software, Inc. (www.advent.com), a global firm, has provided trusted solutions to the world's financial professionals since 1983. Advent's proven solutions can increase operational efficiency, reduce risk, and eliminate the boundaries between systems, information and people so you can focus on what you do best. With more than 4,500 client firms in over 60 countries, Advent has established itself as a leading provider of mission-critical solutions to meet the demands of investment management operations around the world. 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 http://www.advent.com/about/resources/demos/pr.
Geneva®, a global portfolio 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 https://secure.advent.com/info/geneva_livedemo.
Advent, the Advent logo, Advent Software and Geneva are registered trademarks of Advent Software, Inc. All other company names or marks mentioned herein are those of their respective owners.