Advent Software Extends Middle East Presence With SISCOM Partnership
Leading Middle East Professional Services Consulting Firm Signs Partnership Agreement to Market, Sell and Implement Advent® Solutions in Saudi Arabia
LONDON and SAN FRANCISCO – January 30, 2007 – Advent Software, Inc., (NASDAQ: ADVS), the leading provider of solutions to the global investment management industry, today announced a new partnership to extend its activities in the Middle East, particularly in the growing Saudi Arabian market. SISCOM is one of the leading professional services firms in the region providing consulting and systems integration services.
Advent has developed a growing client base in the Middle East with over 20 private banks, wealth managers and family offices using its market leading investment management solutions. To support this continued growth, Advent recently opened an office in Dubai at the Dubai International Financial Centre (DIFC). The new office will be used by local support and sales staff who will serve the region.
“We are impressed by Advent’s solutions, and we are delighted to have the opportunity to work with Advent in developing a strong partnership not only in Saudi Arabia but throughout the Middle East,” said Bishr Al-Madani, Marketing Director at SISCOM. “SISCOM is an established and trusted strategic partner to many leading financial organizations in the Middle East. Advent’s solutions offer a strong value proposition by helping firms streamline their investment operations, making them an ideal partner for SISCOM,” continued Al-Madani.
“This new partnership with SISCOM builds on the recent opening of our Dubai office and confirms Advent’s long-term commitment to the region as we work with local firms,” said Håkan Valberg, General Manager, EMEA. “We have been growing our market share in the region over the last two years, and we see the rapidly changing market in Saudi Arabia as a good opportunity.”
“SISCOM complements our ability to enable firms to better address complex business challenges of improving efficiency, competitive advantage and profitability,” continued Valberg.
SISCOM is the premier professional services organization in Saudi Arabia providing consulting and systems integration services in collaboration with global technology leaders. SISCOM is an established and trusted strategic partner to many leading commercial, industrial and public sector organizations in the Middle East, enabling all clients to better address the most complex business challenges to enhance their efficiency, competitive advantage and profitability. SISCOM supports clients in developing, planning, designing, building and managing technology solutions, integrating applications and processes across their operations, and increasing their ability to enhance relationships with suppliers, customers, employees and business partners. To learn more about SISCOM, visit www.siscom.com.sa
Advent Software, Inc. (www.advent.com
), a multi-national company, has been providing trusted solutions to the world's leading financial professionals since 1983. Firms in more than 60 countries use Advent technology and manage investments totaling more than US $12 trillion. Advent's quality software, data and services enable financial professionals to improve service and communication to their clients, helping them grow their business while controlling costs. Advent is the only financial services software company to be awarded the Support Center Practices certification for being a world-class support organization. For more information about Advent in EMEA visit www.adventemea.com
Advent is a registered trademark of Advent Software, Inc. All other company names or marks mentioned herein are those of their respective owners.
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 market acceptance of new products, the impact of initiatives by competitors, and other risks detailed in Advent’s filings with the Securities and Exchange Commission, including, but not limited to, its annual report on Form 10-K and quarterly reports on Form 10-Q, as amended, copies of which may be obtained by contacting Advent Software at 415-645-1787, or by visiting Advent’s Investor Relations website at www.advent.com