SAN FRANCISCO and LONDON – November 13, 2009 – 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 third consecutive year. Advent is just one of four companies to receive the same award for three straight years.
Geneva® is Advent’s 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.
Commented Stephanie DiMarco, Chief Executive Officer and Founder of Advent, "We are very proud to receive this award for the third consecutive year, which underscores the position of Geneva® as the industry-leading solution in the marketplace. The product’s continued evolution, combined with our dedication to further enhancing the depth and breadth of our software is what maintains our strong position 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 category winners were decided by a panel of eight judges – two Buy-Side Technology editors and six buy-side focused technology consultants: Aite Group, Celent, Citisoft, Cutter Associates, Investit and Knadel.
Concluded DiMarco, “As a key technology provider to the investment management industry, Advent recognizes the importance that has been placed on innovation and reliability. We take very seriously our role of trusted partner and are committed to delivering mission-critical solutions that address and meet the business needs of the buy-side community.”
This award is the latest in a series of recent industry recognition for Advent that includes: Best Technology Provider, HFMWeek; Global Securities Services Technology Vendor of the Year, ICFA; Best Portfolio Management System, Waters Magazine; and FinTech 100, American Banker and Financial Insights.
Advent Software, Inc., a global firm, has provided trusted solutions to the world’s financial professionals since 1983. Firms in 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.
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.
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