Advent’s Annual Conference Draws Record Attendance of Industry Leaders
New Key Products, Customers and Industry Trends Dominate Focus of Customer Gathering
SAN FRANCISCO – October 3, 2007 – Advent Software, Inc. (NASDAQ: ADVS), the leading provider of software and services to the investment management industry, today announced record-setting attendance at their 2007 Annual Conference held in Las Vegas. The event, which took place September 18 – 20, was Advent’s largest and most successful conference to date with nearly 1,200 attendees, an increase of almost 30 percent from 2006. The conference also included Advent’s second Annual Analyst and Investor Event.
"We are extremely pleased with the terrific attendance at this year's conference, as this meeting is a powerful and unique forum to hear directly from our clients about their experiences in the market and with our technology," said Advent’s CEO and Founder, Stephanie DiMarco. "The importance of technology to the investment management community continues to increase in an environment of tightening compliance requirements set against the backdrop of increasing global wealth and exploding trade volume, and Advent is honored to be our clients’ trusted partner in managing these complex dynamics.”
During a keynote speech to mark the beginning of this year’s conference – themed ‘Breaking Away’ – DiMarco outlined numerous challenges and opportunities currently facing the investment management industry. She discussed technology’s increasing role in enabling investment management firms to streamline operations, enhance profitability and achieve new levels of client service and operational excellence.
Demonstrating the company’s ongoing investment in evolving its suite of products, Advent launched major upgrades to its two flagship accounting platforms – Geneva® and Advent Portfolio Exchange® (APX) – at the 2007 Advent Conference.
“At Advent, we see our role as developing technology tools to help you better manage through both the good and the bad times,” DiMarco told conference attendees. “The bottom line is that the evolving markets force us to be resourceful and resilient.”
Geneva® 7.0, the premier reporting and accounting platform, with enhanced investment management and alternative instrument coverage, arms firms to meet industry challenges through unprecedented access to critical investment information that bridges the needs of the front, middle and back offices.
With APX 2.0, Advent continues to set a new standard in comprehensive portfolio management for institutional and high net worth asset managers. APX helps these managers to profitably grow assets, control costs and confidently satisfy client and regulatory requirements.
Customer feedback paramount in new product development
Customer feedback was paramount in the development of Geneva® 7.0 and APX 2.0, as well as Moxy® 6.0, Advent’s industry-leading trade order management system, which launched in June.
“You’ve made it clear that investment management technology is mission critical and that you need solutions that deliver as much insight, intelligence and efficiency as possible,” DiMarco told the audience. “We heard you – loud and clear.”
“Each of these new products reflects the dynamic convergence of two key industries that are driving 21st century change: technology and financial services. And Advent is proud to sit right at the center of this innovative junction, which has enabled us to build a company that today has more consistent, more predictable and growing revenues which are expected to reach more than $200 million this year,” she said.
"The Annual Advent Conference is an essential event for all Advent users. It’s a unique opportunity to preview new products, get advice on how to leverage new features and enhancements and network directly with our peers in the industry on ways to expand our use of Advent solutions,” said Andrew MacQueen, Vice President, NewSouth Capital Management and board member of Advent’s User Group. “Advent always wants to know what’s working and not working for their clients, so the conference also gives us the chance to provide them with valuable feedback about their products and services.”
Advent Software, Inc. (www.advent.com
), a multi-national firm, has provided trusted solutions to the world’s leading financial professionals since 1983. Firms in 60 countries use Advent technology and manage investments totaling nearly US $14 trillion. 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 organization.
Advent, Advent Portfolio Exchange, Geneva and Moxy are registered trademarks of Advent Software, Inc. All other company names or marks mentioned herein are those of their respective owners.
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, market acceptance of new products, the impact of initiatives by competitors 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 2006 annual report on Form 10-K/A, 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