SAN FRANCISCO and LONDON – November 10, 2010 – Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services for the global investment management industry, today announced that Geneva®, Advent’s portfolio management and fund accounting solution, was named ‘Best Buy-Side Portfolio Accounting Product’ by Buy-Side Technology magazine for the fourth consecutive year and ‘Best Fund Accounting and Reporting System’ by HFM Week.
Geneva® is Advent’s global portfolio management and accounting platform, designed for hedge funds, fund administrators, asset managers, 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.
"Advent is honored to receive these awards, which underscore the compelling value that Geneva® delivers to firms of all sizes and strategies,” said Pete Hess, President of Advent. “These accolades follow the release of our Geneva® eight series, which introduces new functionality and enhancements which take the product to the next level, solidifying its position as the industry-leading solution in this space.”
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 HFM Week awards use a combination of quantitative and qualitative results to make their decisions. Category winners for both awards were decided by teams of judges comprised of a selection of industry professionals.
Concluded Hess, “We have continued to invest significantly in product development to ensure that our products and services keep pace with both changing market conditions and customer demand. These awards reflect Advent’s 27-year history of innovation and reliability, and the superior benefits that our clients derive from our suite of solutions.”
This award is the latest in a series of recent industry recognition for Advent that includes: Best Portfolio Management System, Waters Magazine; Top Fund Accounting and Reporting System, Hedgeweek; Best Managed Account Platform Technology, HFMWeek; and FinTech 100, American Banker, Bank Technology News and Financial Insights.
Advent Software, Inc., a global firm, has provided trusted solutions to the world’s financial professionals since 1983. Firms in more than 50 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.
For more information on Geneva® visit https://secure.advent.com/info/pr_geneva
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.
Advent Software, Inc.
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