San Francisco, CA, April 30, 2001 - Advent Software, Inc. (Nasdaq: ADVS) the leading provider of Enterprise Investment Management (EIM) software, announces that Econoday, a market leader in delivering economic resources to the investment community, will be the first Advent Alliance Partner to provide content to MyAdvent, Advent's browser-based portal that allows users to quickly view summary and alert information from Advent Office.
MyAdvent presents a summarized view of a portfolio manager's business, derived from more detailed information in the Advent Office components. With MyAdvent, investment professionals can quickly receive all the summary information they need in one place in order to know exactly where they stand with their clients' portfolios and their business at any point in the day. MyAdvent also allows users to select and define alerts that help them manage their business based on their unique priorities.
Econoday's online browser-based financial calendar consists of a rich array of economic information including an entire year of economic trends, financial information, and proprietary analysis. Econoday has designed its online calendar content to inform investment professionals about current and future economic trends with the objective of identifying economic conditions that can affect portfolios and investment decisions. MyAdvent functionality, including the Econoday integration, will be in limited production availability later this year.
The Advent Alliance Program leverages the expertise of the financial industry's leading providers of software and services to enhance the functionality of the Advent Office suite. The program currently has 20 partners whose applications are available to Advent Office users. By integrating its partners' solutions with the Advent Office product suite, Advent provides its clients with streamlined processing and a reduced workflow, while increasing and extending the value of its customers' investments in Advent solutions.
"We're very pleased to be the first application provider to be a third-party contributor to MyAdvent, and are excited about the benefits this integration will provide to asset managers," said Cynthia Parker, President of Econoday. "Our work with Advent as a partner in the Advent Alliance Program has given us a great opportunity to offer our products and services to a wide array of firms."
"With MyAdvent, we have created a unique platform for our clients to quickly retrieve a total view of portfolio management summaries and alerts. And with the integration of our Alliance Partner applications, this information will only be more valuable," said Peter Caswell, President and CEO of Advent. "MyAdvent will be a major part of the integration platform for our Alliance Partners as we continue to add more content to MyAdvent."
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.
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