SAN FRANCISCO and LONDON – March 15, 2011 – Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services for the global investment management industry, today announced that Geneva®, Advent’s global portfolio management and fund accounting solution, was named ‘Leading Provider of Fund Accounting and General Ledger Systems’ by The Hedge Fund Journal. The Hedge Fund Journal awards recognize the work done by the leading service providers who have created an effective platform for the growth of the hedge fund industry in Europe in recent years.
"This award underscores the compelling value of Geneva® across prime brokers, fund administrators, asset managers and hedge funds, and reflects our 28-year history of innovation and reliability,” said Pete Hess, President of Advent. “It is a testament to Advent’s continued investment in product development to ensure that our products and services keep pace with both changing market conditions and customer demand. As an example, Our Geneva® 8 series has further showed our commitment to the hedge fund industry with the delivery of new and innovative functionality to help them better manage not just back-office accounting, but also their middle-office operations.”
Geneva® is designed for hedge funds, fund administrators, asset managers, prime brokers and mutual funds that require a high level of operational efficiency and easy access to real time data. It offers comprehensive instrument coverage, full financial general ledger, and industry-standard integration tools enabling firms to manage complex investment vehicles, multiple investment strategies, and tiered fund structures. The upcoming release of Geneva® is designed to meet the needs of the EMEA hedge fund market more than ever.
This award is the latest in a series of industry recognition for Geneva® that includes: Top Fund Accounting and Reporting System, Hedgeweek; Best Managed Account Platform Technology, Hedgeweek; Best Managed Account Platform Technology, HFMWeek; Best Portfolio Management System, Waters Magazine; and Best Portfolio Accounting Platform, Buy-Side Technology.
Advent Software, Inc., a global firm, has provided trusted solutions to the world’s financial professionals since 1983. Firms in more than 50 countries count 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, click here.
For more information on Geneva® visit https://secure.advent.com/info/pr_geneva
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.
Advent Software, Inc.
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