SAN FRANCISCO – November 18, 2008 – Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services for the investment management industry, today announced the release of Axys® 3.7, an important update to Advent’s turnkey portfolio accounting management and reporting solution. The latest release of Axys® marks Advent’s continued commitment to keeping the platform current as technology and regulatory changes impact its client base.
Axys® is a comprehensive and powerful portfolio management and reporting system that enables firms to easily manage an extensive range of investment instruments, resulting in efficiencies that allow them to run their business without increasing overhead, and focus on differentiating their services. The solution, which was introduced to the market in 1993, is used by over 3,500 asset management clients around the globe - including hedge funds, family offices, wealth managers, registered investment advisors and financial planners.
Axys® 3.7 updates include:
“Axys® has been the cornerstone of our back-office for close to 15 years, bringing speed, accuracy and flexibility to our portfolio management and accounting operations,” said David Konell, Vice President of Operations, Weston Capital Management. “With Axys® we continue to enjoy the benefits of increased productivity, which is especially important in a challenging market environment. We are very pleased with the new platform compatibility and reports available in Axys® 3.7, and appreciate Advent’s commitment to improving its industry-leading solution.”
“We are very excited about the release of Axys® 3.7, this update enhances our comprehensive report library and allows our clients to leverage additional operating platforms,” said Pete Hess, Executive Vice President and General Manager for Advent’s Investment Management Group. “The stability and reliability of Axys® have made it the de-facto standard for firms with straightforward business needs, and we will continue to support and update the platform for the over 3,500 clients who rely on Axys® to run their investment management business.”
Advent Software, Inc. (www.advent.com), a global company, has provided trusted solutions to the world’s leading financial professionals since 1983. Firms in 60 countries use Advent technology. 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. For more information on Advent products, click here.
Any forward-looking statements included in this press release involve risks and uncertainties that could cause actual results to differ materially from our expectations. These risks and uncertainties include continued sales of existing products, market acceptance of new products, the impact of initiatives by competitors and other risks detailed in Advent’s most recent filings with the Securities and Exchange Commission, including, but not limited to, its quarterly reports on Form 10-Q and its 2007 annual report on Form 10-K/A, copies of which may be obtained by contacting Advent Software at (415) 645-1787 or by visiting Advent’s Investor Relations Web site at www.advent.com.
The Advent logo, Advent Software and Axys are registered trademarks of Advent Software, Inc. All other company names or marks mentioned herein are those of their respective owners.
Advent Software, Inc.