San Francisco and Bedford, Mass, April 18, 2002 - Advent Software, Inc. (Nasdaq: ADVS) a premier provider of software, data and services for the financial services industry, and FT Interactive Data, the major operating division of Interactive Data Corporation (Nasdaq: IDCO), and a leading supplier of financial information to global markets, today announced that FT Interactive Data will fully integrate its real-time data offering into the Advent Office(TM) platform, adding robust data functionality for Advent clients.
FT Interactive Data is now an Advent Technology Platform Partner. In this strategic role, the company expands its existing relationship with Advent to provide fast, reliable real-time data from markets across the globe as well as news and related information to interface directly with Advent's portfolio and trade order management systems, and Advent's “MyAdvent™” desktop integration application. With this functionality, Advent clients are able to obtain quotes and news within their MyAdvent application for individual securities, portfolios or watch lists.
“Integrating real-time market data within our applications is a critical component of our strategy, and these initiatives will offer powerful, convenient and flexible access within MyAdvent, Moxy® and Advent Office™ components,” said Robert K. Huebscher, vice president of Advent Market Data. “We have a great track record of success with FT Interactive Data's end-of-day service, and are happy to extend our relationship with them in this new agreement. Their commitment to their real-time services and their state-of-the-art technology and delivery platform made choosing FT Interactive Data the right decision for us.”
“This is the latest enhancement to an already successful 17-year relationship with Advent that will now include FT Interactive Data's real-time data content. As an Advent Technology Platform Partner, we're able to provide portfolio managers with a seamless integration of real-time data within the Advent Office(TM) platform,” said Cort Williams, FT Interactive Data's vice president of corporate development. “Working in partnership with Advent, we're bringing the Advent customer base market data consistency from the front- to back-office by combining both real-time and end-of-day content.”
Advent Software, Inc. has been providing trusted solutions to the world's leading professional money managers since 1983. Firms in 45 countries use Advent technology to manage investments totaling 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.
About FT Interactive Data
FT Interactive Data 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 more than 3.5 million securities, including over 2.5 million active fixed income issues. The company also provides index and constituent data to the international investment community.
Through affiliate CMS BondEdge, the company is a recognized 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 - news), a leading global provider of financial and business information to institutional and individual investors. Headquartered in Bedford, Massachusetts, Interactive Data Corporation has approximately 1,600 employees in offices throughout the world. To learn more, visit us at www.FTInteractiveData.com.
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.
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