SAN FRANCISCO – June 30, 2008 – Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services for the global investment management industry, today announced that the total number of Moxy® clients in the EMEA (Europe, Middle East, and Africa) region has exceeded 100, further demonstrating the product's proven strength and continued momentum in the region.
Moxy® is the most comprehensive trading and order management toolset in the marketplace. With over 800 clients, it is the industry’s most widely used trade order management system (OMS) software. Moxy®’s clients in the EMEA region include asset managers, hedge funds, bank/trust asset managers and broker dealers that range in size from $250 million in assets under management to more than $60 billion.
Moxy® automates and centralizes trading and order management tasks, allowing clients to focus on the market and trading and investment strategies. Leading investment management firms based in Europe and the Middle East such as Killik & Co., Raymond James Investment Services and SHUAA Capital have selected Moxy® to gain better control of their work flow processes within their trade order management function.
"Moxy® provides the order management solution that Raymond James Investment Services needs today, and also positions us well for our expected continued growth,” said Peter Moores, Chief Executive Officer, Raymond James Investment Services. “Moxy®’s functionality allows for simple orders through to complex model portfolios, as well as workflow efficiencies for our investment managers and advisers, while also streamlining the trading and settlement process across multiple custodians."
"We are very pleased with Moxy®’s growing client base in EMEA -- an affirmation of the product’s proven industry-leading reputation,” said Chris Flynn, Vice President of Product Marketing at Advent. “Moxy® is designed to evolve with the complex needs of our customers, reinforcing our commitment to innovation, and to expanding our leadership in the trade order management space in the region. Moxy®’s strength in the region is mirrored across Advent’s award-winning product suite, and it is exciting to see this level of momentum in our global business.”
Moxy® is the industry-leading OMS software deployed at over 800 firms which automates and streamlines the trading and order management process of partial and complete executions and allows the user to send allocation results to brokers electronically. Moxy® also provides Internet-ready electronic order routing based on the industry standard FIX messaging protocol, allowing users to route trades electronically to any FIX-compliant broker or crossing network that supports the Internet or other TCP/IP connections. For more information on Moxy®, click here.
Advent Software, Inc. (www.advent.com), a global 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 $18 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. For more information on Advent products, click here.
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 and services, market acceptance of new products, the impact of initiatives by competitors, challenges in expanding international operations 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 2007 annual report on Form 10-K, 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.
The Advent logo and Moxy are registered trademarks of Advent Software, Inc. All other company names or marks mentioned herein are those of their respective owners.
Advent Software EMEA
+44 (0)20 7631 9240
Advent Software, Inc.