SAN FRANCISCO and LONDON – November 11, 2008 – Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services for the investment management industry, today announced that its flagship portfolio management and accounting platforms have received top honors from Buy-Side Technology magazine for the second consecutive year. Geneva® was named 'Best Buy-Side Portfolio Accounting Product,’ and Advent Portfolio Exchange® (APX) was named 'Best Buy-Side Client Reporting Product.’
Geneva® is Advent’s leading global investment management and accounting platform 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. It offers comprehensive instrument coverage, full financial general ledger, and industry-standard integration tools enabling firms to manage complex investment vehicles, multiple investment strategies, and tiered fund structures.
APX, Advent’s next generation portfolio management and reporting solution, offers a powerful platform to fully integrate the front- and back-office, bringing together mission-critical portfolio and client data for improved portfolio management, performance reporting, and client relationship management. APX leverages a single SQL database to deliver client information via an easy-to-use browser-based user interface.
“We are honored that Buy-Side Technology has once again recognized Geneva® and APX as the industry’s benchmark solutions for portfolio accounting and reporting,” said Stephanie DiMarco, Chief Executive Officer and Founder of Advent. “Advent has been providing innovative and proven technology solutions to the buy-side for the last 25 years, and our customers look to us as a trusted partner in helping them to enhance their business and that of their clients. These awards validate our continued investment in R&D in order to help customers achieve high ROI through increased operational efficiencies, lower costs and streamlined operations.”
Victor Anderson, Editor of Buy-Side Technology magazine, who presented the award, commented: “Five awards in two years sums up Advent’s track record in the Buy-Side Technology Awards, making the firm the most successful third-party technology provider since the awards started. Picking up where it left off last year, Advent won this year’s best client reporting and best portfolio accounting categories for its APX and Geneva® products respectively. Geneva® features a number of deployment options – direct installation for larger clients, hosted delivery via a relationships with partners, and access through prime brokerage agreements – which are sure to make operational and economic sense to buy-side firms as the global slow-down starts to bite, while APX offers clients so much more than just another reporting tool: performance analytics, support for multiple asset types, GIPS-compliant performance measurement tools, and electronic interfaces to a range of service providers – all of which offers buy-side firms the kind of versatility they have come to expect from leading buy-side vendors.”
The Buy-Side Technology Awards recognize products and services in the buy-side technology vendor industry in order to identify the leading technologies and vendors in their areas of expertise through an auditable and transparent methodology. The category winners were decided by a panel of seven judges – three Buy-Side Technology journalists and four buy-side focused technology consultants: Aite Group, Deloitte Consulting, Investit and Morse.
The awards were presented on November 7, 2008 during the Buy-Side Technology Awards luncheon at The Lanesborough Hotel in London.
Advent Software, Inc. (www.advent.com), a global company, has provided trusted solutions to the world’s leading financial professionals since 1983. Firms in 60 countries use Advent technology. 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. For more information on Advent products visit http://www.advent.com/about/resources/demos/pr.
The Advent logo, Advent Software, Advent Portfolio Exchange and Geneva are registered trademarks of Advent Software, Inc. All other company names or marks mentioned herein are those of their respective owners.
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