SAN FRANCISCO and LONDON – April 26, 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 Managed Account Platform Technology’ by both Hedgeweek and HFM Week, and ‘Best Fund Accounting and Reporting System’ by Hedgeweek.
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.
“We continue to enhance the depth and breadth of Geneva®, and the new middle office functionality that we’ve been adding to the product particularly shows Advent’s growing commitment to the asset management and hedge fund communities in Europe and the Middle East,” said Tom Zdon, Vice President of Global Accounts, Solutions Consulting and Business Development at Advent. “Advent takes very seriously our role as a trusted technology partner and we are committed to delivering mission-critical solutions that address and meet the business needs of the buy-side community. We are very proud to receive these awards, which underscore the position of Geneva® as the industry-leading solution in the market, in particular in the managed accounts space.”
The Hedgeweek Awards come as a result of an extensive reader survey which assessed the best hedge fund performers and service providers during 2009. The category winners were decided exclusively by readers of Hedgeweek.
The HFM Week European Hedge Fund Services Awards’ judging is completed by a team of external judges made up of a selection of industry professionals. Judges use a combination of quantitative and qualitative results to make their decisions.
This award is the latest in a series of recent industry recognition for Advent that includes: Best Buy-Side Portfolio Accounting Product, Buy-Side Technology; 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.
For more information on Geneva®, visit the product demo page.
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 the products demo page.
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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