ZURICH – April 23, 2002 - Advent Europe, the independent European distributor of Advent Software, Inc.® (NASDAQ: ADVS), announces the launch of a new interface between FT Interactive Data, a leading provider of financial information and analytical software to global markets, and its data in Advent Office™, Advent Europe's suite of complimentary software solutions for the investment management industry.
The interface enables Advent Europe clients to process a wide range of information automatically from FT Interactive Data - including regular prices and dividend updates for client portfolios, as well as indices and foreign exchange information.
FT Interactive Data and Advent Europe, which provides investment management solutions to financial services organisations, have been working together, on a non-exclusive basis, to develop this seamless integration of Advent Office with FT Interactive Data's desktop portfolio administration service, FTS.
John Peck, FT Interactive Data's European Sales & Marketing Director adds: "Both FT Interactive Data and Advent Europe share strong views on client focus. As we specialise in 'hard-to-value' unlisted fixed income instruments, this will help both large and small clients with illiquid local securities which are priced on request."
Torbjorn Tenmann, Advent Europe's CEO comments: "FT Interactive Data has great depth and breadth of coverage of global securities pricing, dividend, corporate action and descriptive data, including equities, bonds, funds and other financial instruments. They also have a very strong institutional client list around the world. Together we can provide a flexible ready-to-use data feed interface that directly links all our clients in Europe to one of the strongest data providers in the world."
The interface is currently being tested by a number of European clients including AP3, one of Sweden's state pension funds that manage assets worth SEK 130 billion.
About FT Interactive Data
FT Interactive Data (www.ftinteractivedata.com) is a leading provider of financial information and analytical software to global markets. FT Interactive Data supplies global securities pricing, dividend, corporate action and descriptive information for over 3.5 million securities, including more than 2.5 million active fixed income issues. The company also provides index and constituent data to the international investment community. Through BondEdge®, FT Interactive Data is a recognised leader in fixed income portfolio analytical software, independent research and valuation tools.
FT Interactive Data is the major operating division of Interactive Data Corporation, (Nasdaq: IDCO) (www.interactivedatacorp.com) a leading global provider of financial and business information to institutional and individual investors. Headquartered in Bedford, Massachusetts, Interactive DataCorporation has approximately 1,600 employees in offices throughout the world.
Interactive Data Corporation is approximately 60 percent owned by Pearson plc and included within its Financial Times Group. Other Financial Times Group companies include the Financial Times newspaper, FT.com and Financial Times Business. Pearson plc is an international media company with market leading businesses in education, business information and consumer publishing. For further information please view: www.ftinteractivedata.com
About Advent Europe
Advent Europe is the fastest growing pan-European provider of investment management solutions in Europe. Established in 1998 as an independent distributor of Advent Software, Inc. products, Advent Europe now has a local presence in 10 countries across the continent. In December 2001, Advent Software acquired Advent Europe distributors in Denmark, Norway and Sweden.
Advent Software, Inc. has been providing trusted solutions to the worlds' leading asset managers since 1983. Firms in 55 countries use Advent technology to manage investments totalling more than US $8 trillion. Advent's quality software, data, services and tools enable managers to improve service and communication to their clients, allowing them to grow their business while controlling costs. Advent's common stock is traded on the NASDAQ National Market under the symbol ADVS.
Advent Software Inc. is located at 301 Brannan Street, San Francisco, CA 94107, telephone +1 415 543 7696, www.advent.com. Advent Software, Inc. is a registered trademark of Advent Software. All other products or services mentioned herein are trademarks or registered trademarks of their respective companies.
Anne Line Lande, Marketing Manager
FT Interactive Data
+44 (0) 20 7825 8076