SAN FRANCISCO – April 30, 2012 – Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services for the global investment management industry, announced today a major release of its cloud-enabled, end-to-end platform for asset and wealth management enterprises, which brings together Advent Portfolio Exchange®(APX), Moxy®, Advent Rules Manager®, Advent Revenue Center®, Advent® General Ledger Exchange (Advent GLX), Tradex®, Advent Corporate Actions® (ACA), and Advent Custodial Data (ACD) to support key workflows and data across the entire investment process.
With this release, Advent has delivered powerful new functionality for the front-, middle- and back-office of asset and wealth management firms, while extending the value of the platform by making integration to third-party applications even easier.
“It continues to be a challenging environment in the asset and wealth management industry. On one hand, firms must adapt to global regulation and market structure changes, while at the same time, opportunities for growth exist for firms that have the capital and drive needed to innovate and grow – organically or by acquisition,” said Alois Pirker, Research Director for Aite Group. “In either case, firms need to reevaluate their technology investment strategies with an eye to becoming more flexible, adaptable, and extensible, and a platform strategy like the one Advent has announced today provides a foundation of agility that industry leaders will require to grow and thrive in this new era.”
“This release of Advent’s platform for asset management is specifically designed to meet the most critical needs of business owners and decision-makers across the firm. With powerful dashboards, and flexible, dynamic reporting capabilities, we help our clients achieve their firms’ growth strategies while providing greater transparency into portfolios, clients, and the firm’s business,” said Anthony Sperling, Senior Vice President and General Manager of Advent’s Asset Management Group.
Among the numerous enhancements are: a new user interface across the products; streamlined workflows to manage portfolios and groups; powerful, easy-to-use tools to model and rebalance portfolios and trade securities; and game-changing improvements to pre- and post-trade compliance. In addition to dashboards that provide management insight across the firm, Advent is introducing new business intelligence capabilities to make it easier and faster for firms to identify and understand the sources of opportunity and growth within their businesses.
“Just as our performance measurement and attribution solutions help our clients uncover and explain the sources and drivers of their portfolio returns, our new business intelligence capabilities help asset and wealth managers identify opportunities for improving and growing their overall business, ultimately enhancing relationships with their best clients,” said Robert O’Boyle, Vice President of Solutions Marketing and Business Development at Advent Software.
Advent Software, Inc., a global firm, has provided trusted solutions to the world’s financial professionals since 1983. Firms in more than 60 countries count 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 operational risks and 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 http://www.advent.com/about/resources/demos/pr.
Advent, the Advent logo, Advent Software, Advent Portfolio Exchange, Moxy, Advent Rules Manager, Advent Revenue Center, Advent General Ledger Exchange, and Advent Corporate Actions are registered marks of, and Advent Custodial Data is a mark of, Advent Software, Inc. Tradex is a registered mark of Advent Norway AS in the European Union and Denmark. All other company names or marks mentioned herein are those of their respective owners.
Any forward-looking statements included in this press release involve assumptions, risks and uncertainties that could cause actual results to differ materially from our expectations. These assumptions risks and uncertainties include expected benefits of new functions, anticipated features and functionality, market acceptance of new products and enhancements 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 2011 annual report on Form 10-K, 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.
Horn for Advent Software, Inc.