SAN FRANCISCO and LONDON – March 12, 2008 – Advent Software, Inc. (NASDAQ: ADVS), the award-winning provider of software and solutions for the investment management industry, today announced that it has been named “Leading Provider of Fund Accounting and Reporting Systems” by The Hedge Fund Journal.
The award is credited to Geneva®, Advent’s leading global portfolio management and fund accounting platform for alternative assets. Geneva® provides hedge funds, institutional portfolio managers, prime brokers and fund administrators with an integrated accounting solution that supports complex, global investment strategies and high-volume trading in multiple instruments and currencies.
“We are delighted to receive this award, which highlights the value of Geneva® and Advent’s role as an innovator in the industry,” said Stephanie DiMarco, Chief Executive Officer and founder of Advent. “With over 100 hedge fund clients and more than 150 total clients worldwide, Geneva® has long been one of the leading fund accounting and reporting solutions in the marketplace. The continued evolution of the product, combined with our commitment to serving our existing customers is what maintains our strong position in the hedge fund space."
The Hedge Fund Journal Awards recognize the leading service providers to the European hedge fund industry. The category winners were decided by a panel of judges comprised of the editorial panel of The Hedge Fund Journal and external judges selected for their knowledge and expertise. A variety of criteria were used for selecting the winners, including: industry leadership, customer service, competitive pricing and innovative technologies.
The awards were presented on March 6, 2008 at the Natural History Museum in London.
Advent Software, Inc. (www.advent.com), a global firm, 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.
Advent and Geneva are registered trademarks of Advent Software, Inc. All other company names or marks mentioned herein are those of their respective owners.
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