LONDON – October 12, 2005 – Advent Software, Inc., (NASDAQ: ADVS) a leading provider of global investment management solutions, is pleased to announce that Beltone Asset Management has selected Advent's Axys® portfolio management and accounting solution to manage its growing investment operations process. Beltone Asset Management is one of the leading asset managers in Egypt in addition to offices in both Saudi Arabia and USA. The company specialises in fixed income and equity products, structuring and managing savings and pension plans, endowment funds, money market and fixed income mutual funds.
Axys® is a comprehensive and powerful accounting and reporting system enabling firms to easily manage an extensive range of investment instruments, resulting in efficiencies that allow them to grow their business without increasing overhead, and focus on differentiating their services.
"With our business levels increasing we were experiencing difficulties with our data entry processes and were keen to increase the levels of automation in our investment operations. We also wanted to provide a superior service to our clients by enhancing our client reporting capabilities," explains Karim Eweiss, CFO Beltone Asset Management. "We were impressed with Advent's approach and their understanding of our issues, and they clearly demonstrated how the capabilities of Axys® would meet all our requirements. This is important to us, as a key component of our strategy is to grow our business without significantly increasing our costs," he said.
"Beltone Asset Management is a significant client for us as we expand our operations into the Middle East and further demonstrates the flexibility and capability of our solutions to operate on the global stage," said Hakan Valberg, General Manager EMEA. "We are pleased to welcome Beltone into the growing list of EMEA clients and look forward to a long term working partnership with them," he said.
Advent Software, Inc., (www.advent.com) a multi-national company, has been providing trusted solutions to the world's leading financial professionals since 1983. Firms in 50 countries using Advent technology manage investments totalling more than US $8 trillion. Advent's quality software, data and services enable financial professionals to improve service and communication to their clients, allowing them to grow their business while controlling costs.
ADVENT and AXYS are registered trademarks of Advent Software, Inc. or its subsidiaries. All other company names or marks mentioned herein are those of their respective owners.
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