San Francisco, December 5, 2005 – Advent Software, Inc. (NASDAQ: ADVS) announces it has opened a new office in Boston’s financial district, expanding its presence in a city that is home to some of the world’s largest financial institutions, and many of Advent’s clients. Advent’s newest office is located at 70 Franklin Street in downtown Boston. Advent, headquartered in San Francisco, also has offices in New York and throughout Europe.
“Advent’s business continues to expand, having added more than 220 clients in the past 12 months, and it remains vitally important for us to ensure the success of all of our clients by maintaining strong relationships with them on a local level,” said Stephanie DiMarco, Advent’s chief Executive Officer.
Advent’s Boston-based staff, which is relocating from Cambridge, has nearly doubled since last year, and includes personnel in client service, product management and professional services, among others. This new location will be particularly focused on Advent’s Global Accounts business, which provides sophisticated portfolio accounting and trading applications to the industry’s leading hedge funds, fund administrators, prime brokers and global asset managers. Geneva®, the Global Accounts’ flagship product, has added 12 new customers in the past year, and is now used by more than 60 of the industry’s largest institutions, many of whom are based on the East coast.
“We’re very excited about our new space in Boston, and the opportunity it affords us to deepen our relationships with clients here,” said Gail Schulman, Advent’s Executive Vice President of Strategic Business Development, who will be located in the Boston office.
Advent Software, Inc., a multi-national company, has been providing trusted solutions to the world's leading financial professionals since 1983. Firms in 50 countries using Advent technology manage investments totaling more than US $8 trillion. Advent's quality software, data and services enable financial professionals to improve service and communication to their clients, allowing them to grow their business while controlling costs.
ADVENT and GENEVA are registered trademarks of Advent Software, Inc. or its subsidiaries. All other company names or marks mentioned herein are those of their respective owners.CONTACT:
Jacqueline Chen, Ogilvy Public Relations