SAN FRANCISCO – July 28, 2009 – Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services for the global investment management industry, today announced strong momentum behind its industry-leading research management solution, Tamale RMS®. Advent has signed 31 new contracts globally since acquiring Tamale Software in the fourth quarter of 2008.
Tamale RMS® helps portfolio managers and analysts organize and share their research, in order to manage the overwhelming flow of investment information in a way that makes it available, actionable, and auditable. It gives firms a system of record and total visibility into the research that drives their investment decisions.
Kevin Sonnett, Co-Founder and Principal of RK Capital, commented, “We were looking for an efficient way to organize all of our company research and meeting notes when we came across Tamale RMS®. We were familiar with the benefits of research management solutions and Tamale’s proven reputation as the leader and pioneer in RMS made choosing them a very simple decision. Tamale will serve as a centralized repository where we will have easy access to all of our research, allowing us to maximize efficiency and collaboration across our business.”
Advent signed the 31 new agreements with a wide range of leading firms in the U.S., Europe and Asia Pacific. Clients include hedge funds, funds-of-funds, asset managers, broker/dealers, investment consultants, pensions, foundations, endowments and sovereign wealth funds.
“We are thrilled to see increasing demand for Tamale RMS® across diverse market segments and geographies during a very challenging global economic environment. This highlights that the investment management industry is embracing research management as a best practice,” said Mark Rice, General Manager of the Tamale group at Advent. “Tamale RMS® is the industry’s best-of-breed research management solution, and we are very pleased to extend its leadership.”
About Tamale RMS®
Tamale RMS®, which is used by nearly 2,000 investment professionals around the world, organizes information around the workflow of each investment professional or team and provides features that enhance the research process. Now part of the Advent suite, Tamale RMS® brings unparalleled efficiency and organization to the research process. For more information on Tamale RMS® visit here.
Advent Software, Inc., a global firm, has provided trusted solutions to the world’s financial professionals since 1983. Firms in 60 countries rely 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 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 here.
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 continued sales of existing products, the successful development and market acceptance of new products and enhancements, difficulties in integrating merged businesses, such as Tamale, the impact of initiatives by competitors, continued uncertainties and fluctuations in the financial markets and economic conditions 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 2008 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.
Advent, the Advent logo, Advent Software and Tamale RMS are registered trademarks of Advent Software, Inc. All other company names or marks mentioned herein are those of their respective owners.
Jessica Miller, Public Relations