San Francisco, September 18, 2000 - Advent Software, Inc. (Nasdaq: ADVS) today announces it has begun signing on clients for Advent Outsource, the new service from Advent that is bringing the industry’s leading portfolio reporting solution to investment firms in an application service provider (ASP) model. For the first time, investment management firms that wish to outsource the management of their portfolio reporting will be able to leverage the full power of Axys¸, Advent’s portfolio accounting, management and reporting solution.
Investment firms that choose Advent Outsource will have their client data housed for them, and will be provided with secure access over the Web to their accounts. This ASP solution is especially attractive to firms that may not have the resources required to maintain technology operations in house. With Advent Outsource, investment firms are ensured of the integrity, consistency and quality of their client data by partnering with Advent Software.
"We are extremely focused on client service, and this solution is particularly attractive to us because it allows us to provide our clients with the best reporting capabilities, but we don’t have to worry about staffing a technology department in-house. We wouldn’t be able to provide our clients with this level of service without Advent Outsource," said Mike Butler, president of Butler Investment Management Group.
"We’re very pleased to be offering a solution to the segment of the market that is looking specifically to outsource all of their data management," said Peter Caswell, president and chief executive officer of Advent. "Advent Outsource is allowing us to expand our presence among these growing firms, and extend to them the benefits our 17 years of experience with portfolio accounting solutions."
Advent Software, Inc. is the leading provider of Enterprise Investment Management solutions. The company provides a suite of complementary products for the front, middle and back offices of investment management organizations. The company’s common stock is traded on the NASDAQ National Market under the symbol ADVS.
Advent Software, Inc.
301 Brannan Street
San Francisco CA 94107