San Francisco, CA, May 10, 2004 - Advent Software, Inc. (NASDAQ: ADVS) announced that it has acquired its UK and Swiss-based independent distributors, and now directly controls all of its European operations. In addition to the two announced today, Advent’s European operations include offices in the Netherlands, Sweden, Denmark, Norway, Greece and Spain.
“We have worked very closely with our distributors through the years, and I’m confident that we have an extremely capable team representing Advent in Europe. Over the last nine months alone we’ve added marquis customers in Europe, and we see this as an increasingly important market for us going forward,” said Stephanie DiMarco, chief executive officer of Advent. “I’m thrilled to see Advent becoming an international financial software company, and I’m committed to ensuring success in our European operations, and among our European client base.”
Advent Europe was established in 1999 as an independent distributor and support organization, and has clients across Europe, the Middle East and Africa. In addition to providing local sales and support, Advent implements its solutions according to the various local requirements in these regions.
Håkan Wahlberg, vice president of sales for Advent’s European operations, has been named vice president of EMEA (Europe, Middle East & Africa), and will assume that role on July 1. Mr. Wahlberg has nearly 20 years of management experience in companies providing high-end solutions to the global and European marketplace. Prior to joining Advent in 2003, he held senior management positions at IBM, Industri-Matematik International and i2 Technologies.
“I’m proud to be heading Advent’s EMEA operations, and I’m confident that Advent has great opportunities in the region,” said Mr. Wahlberg. “With the combined strength of Advent’s more than 20 years in the investment management business, and our strong local force across Europe, we’re looking forward to many great accomplishments.”
Advent Software, Inc. (www.advent.com) has been providing trusted solutions to the world's leading financial professionals since 1983. Firms in 55 countries using Advent technology manage investments totaling more than US $8 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.