Washington, DC, September 5, 2001 - Advent Software, Inc. (Nasdaq: ADVS), the leading provider of Enterprise Investment Management solutions, today at the first day of the Advent Fall Conference here introduced the new Advent Technology Platform. The new platform is a comprehensive set of tools and technologies that enable financial institutions to offer unique solutions to their clients, to help them differentiate their business from competitors. The platform also allows them to operate more efficiently in a straight-through processing environment.
Extending Advent's current technology, the Advent Technology Platform has been designed to accommodate the volume and processing requirements of the largest financial institutions. The platform's extensibility enables the creation of unique, value-added portfolio management information that can be delivered to investors through highly customized Web media. The wealth management, client collaboration and productivity tools available through the Advent Technology Platform will enable firms to expand their services to investors.
The Advent Technology Platform's industry-standard technologies for extensibility, connectivity, and communication enable institutions to provide a branded and personalized experience to their investment professionals and investors, no matter where they are located.
"In today's competitive financial services environment, institutions are constantly looking for ways to both improve their service to clients, while also differentiating their offerings from their many competitors. Advent's Technology Platform is addressing the need in the industry for a technology solution that allows firms to customize their client-facing solutions while providing functionality needed to make the business operation run smoothly," said Robert Hegarty, Research Director, Investment Management Technology, TowerGroup.
The Advent Technology Platform leverages and extends the Advent OfficeT suite's portfolio management, trade order management, customer relationship management and other applications, and supplements them with powerful data warehousing and account consolidation applications, developer tools, integration toolkits, and critical data connections. These tools and technologies are designed specifically for the IT departments of larger institutions to customize and extend Advent solutions for their specific needs.
"The right technology will allow firms to deliver a wide array of wealth management services more economically, by reducing management and operational costs. With the backbone of Advent's proven straight-through processing systems, our open-architecture technology platform will ensure the system reflects each firm's unique strengths, qualifications, and corporate identity," says Peter Caswell, President and Chief Executive Officer of Advent.
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