Advent Unveils Major New Release of Geneva®

Advent Unveils Major New Release of Geneva

Geneva® 8.0 Evolves from a High-Performance Accounting Engine to a Comprehensive, Firm-Wide Global Portfolio Management Solution

SAN FRANCISCO and LONDON – June 30, 2010 – Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services for the global investment management industry, today announced a major new release of Geneva®, Advent’s award-winning portfolio management and fund accounting solution. The newest version, 8.0, introduces middle office functionality, out-of-the-box integration to counterparties and industry leading data providers, and easy to use and customizable access to real-time data. The new features complement the product’s pre-existing world-class asset coverage, reporting and accounting functionality.

Geneva® 8.0 simplifies the complex process of tracking varied investment classes and portfolio management activities across multiple strategies and portfolios. By making information instantly accessible, it enables firms to make more timely decisions to maximize performance within today’s ever changing marketplace, while reducing operational risk and building investor confidence.

Key enhancements to Geneva® 8.0 include:

  • Powerful real-time dashboards for monitoring counterparty exposure and P&L
  • Full-scale trade blotter with support for trade entry and allocations
  • Trade lifecycle management through confirmations, affirmations and settlement
  • Built-in connectivity with internal systems and counterparties, including out-of-the-box prime brokerage connectivity and pre-built integration tools to industry standard data platforms like FIX and Omgeo CTM.
  • Second generation of Advent’s Geneva® Advantage, a powerful reconciliation and case management engine.  

“At a time when investors are more personally engaged and due diligence efforts are heightened industry wide, leading firms understand that firm-wide access to real-time information is critical to a firm’s ability to manage risk and secure investor confidence,” said Todd Gottula, Senior Vice President and General Manager, Product Development, Client Services and Support at Advent. “We’ve heard clearly from our U.S. and international clients about the importance of these capabilities, and have worked to provide a cutting edge solution for firms of all sizes. Geneva® 8.0 is a powerful solution with a lower total cost of ownership and we’re thrilled to be taking this huge step forward to extend our market leading position.”   

About Geneva®
Geneva®, a global investment management and accounting platform, is a proven solution for asset managers, hedge funds, fund administrators, prime brokers, and mutual funds that require a high level of operational efficiency and easy access to real time data.  Geneva® offers comprehensive instrument coverage, full financial general ledger, and industry-standard integration tools to enable firms to manage complex investment vehicles, multiple investment strategies, and tiered fund structures.  For more information on Geneva® visit https://secure.advent.com/info/pr_geneva.

About Advent
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 http://www.advent.com/about/resources/demos/pr.

Advent, the Advent logo, Advent Software and Geneva are registered trademarks of Advent Software, Inc.  All other company names or marks mentioned herein are those of their respective owners.

Media Contact:
Smita Topolski
Advent Software, Inc.
(415) 645-1668
stopolsk@advent.com