SINGAPORE and SAN FRANCISCO – May 5, 2010 – Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services for the global investment management industry, announced today the opening of its Singapore office. The office is Advent’s third in Asia, which includes offices in Hong Kong and Beijing. It will cater to clients across the region and significantly strengthens Advent’s presence in the fast-growing Asia market.
“We have experienced tremendous momentum in Asia, having doubled our client base in the region in the past 12 months. The Singapore office will help accommodate this increased momentum and further enhance Advent’s ability to deliver innovative, reliable solutions to the investment management community,” said Peter Hess, President of Advent. “This move demonstrates Advent’s commitment to the region and allows us to better serve the diverse needs of our expanding customer base.”
Advent’s Singapore office will help support the growing number of clients in Asia who already depend on Geneva®, its award winning global portfolio management and fund accounting solution, which integrates all phases of the investment management process—portfolio management, accounting and reporting, client investor management, and light trade capture and risk capabilities. The new office will also service users of Tamale RMS®, Advent’s industry leading research management solution, which helps standardize the research process, streamline workflow, and improve the investment decision making process.
“We are extremely excited that, within just two years, we are able to open our third office in Asia,” commented Guillermo Orselli, Director of Business Development, Asia Pacific, at Advent. “This rapid growth is in response to the interest level that investment professionals have already shown in Advent’s solutions, as well as our client’s strong desire to keep pace with best-of-breed technology.”
In addition to Asia, Advent also has a presence throughout North America, Europe and the Middle East.
Geneva®, a global investment management and accounting platform, is a proven solution for asset managers, hedge funds, fund administrators, prime brokers, and mutual funds that require a high level of operational efficiency and easy access to real time data. Geneva® offers comprehensive instrument coverage, full financial general ledger, and industry-standard integration tools to enable firms to manage complex investment vehicles, multiple investment strategies, and tiered fund structures. For more information, visit the Geneva® page.
About Tamale RMS®
Tamale RMS®, the industry’s original research management solution, helps portfolio managers and analysts organize and share their research in order to manage more investment ideas more effectively. The solution, which is used by more than 2,500 investment professionals around the world, organizes information around the workflow of each investment professional or team and provides features that enhance the research process. Tamale RMS® brings unparalleled efficiency and organization to the research process. For more information, visit the Tamale RMS® page.
Advent Software, Inc., a global firm, has provided trusted solutions to the world’s financial professionals since 1983. Firms in more than 60 countries rely 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, visit our product demo page.
Advent, the Advent logo, Advent Software, Geneva and Tamale RMS are registered trademarks of Advent Software, Inc. All other company names or marks mentioned herein are those of their respective owners.
Deborah Eisenberg/Jan Helbing
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