SAN FRANCISCO and NEW YORK – May 17, 2010 - Advent Software, Inc. (NASDAQ: ADVS) a leading provider of software and services for the global investment management industry, today announced that it has entered into an alliance with RIMES Technologies Corporation to expand availability of index data to its clients using Advent Portfolio Exchange® (APX), its award-winning, integrated portfolio and client relationship management solution.
RIMES is one of the leading benchmark data management providers for the investment community. Through this agreement, Advent will promote RIMES’ fully managed data aggregation service to its APX clients, globally. RIMES will make available to locally-installed APX clients streamlined access to additional sources of index data for use with the performance analytics capabilities that are built into the APX platform.
Advent’s relationship with RIMES will complement Advent’s index data service, which offers APX clients Standard & Poor’s and Russell Investments security and sector level index performance data, providing seamless automation and integration with APX’s performance analytics.
George McLaughlin, Senior Director at Advent, commented, “We’re very pleased about our relationship with RIMES who, as a leading provider of index data aggregation services, can provide Advent clients with access to a broad array of index data. Furthermore, this alliance illustrates Advent’s continued commitment to partnering with best-of-breed solutions providers that enhance our core capabilities.”
Jean Edouard Van Praet, Senior Partner at RIMES, commented, “Combining RIMES’ breadth and depth of data and its award-winning fully managed service with APX’s performance analytics capabilities will provide performance measurement and attribution professionals with a powerful portfolio analytics platform. We look forward to working with the Advent team and its clients.”
About Advent’s Alliance Program
Advent's Alliance Program is comprised of Alliance Partners that provide robust solutions that complement and enhance the core capabilities of Advent's offerings. Together with Advent, this elite group of partners offers certified integration to Advent's products. Alliance Partners offer a broad array of systems, software, business information, and other important services uniquely adapted to meet the needs of the Advent client community. These solutions are designed to help customers improve their operational efficiency, and offer superior service to their clients.
About Advent Portfolio Exchange®
Advent Portfolio Exchange® (APX) is an end-to-end portfolio management solution that integrates the front-office functions of prospecting, marketing, and customer relationship management with the back-office operations of portfolio accounting and reporting. This enterprise solution leverages a single SQL database to deliver critical client information via an easy-to-use browser-based user interface. APX delivers improved client service with enhanced security for today’s amplified compliance environment. For more information on APX, visit the product demo page.
Advent Software, Inc., a global firm, has provided trusted solutions to the world’s financial professionals since 1983. Firms in more than 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 our product demo page.
RIMES Technologies Corporation, the award-winning financial data integrator, delivers the world’s premier sources of data to fund managers, investment banks, custodians and corporates. In 1996 RIMES pioneered the delivery of highly-customized information and analytics via the internet; over 300 financial databases are now available. RIMES data is delivered either through powerful desktop analytical tools geared towards front-office operations, or through its Benchmark Data Management service delivering custom files directly to the mid and back-office. Operating on the principles of quality, speed, cost-effectiveness and reliability, RIMES continues to drive change through product and service innovation.
Advent Software, Inc.
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