Catella Asset Management Live with Advent Portfolio Exchange® and Moxy®
Leading Swedish Asset Management Firm Chooses Advent for Fully Integrated Platform that will Allow Scalable Growth and Extend Client Focus
LONDON and SAN FRANCISCO – September 26, 2007 – Advent Software, Inc., (NASDAQ: ADVS), the leading provider of software and services to the global investment management industry, today announced that Catella Asset Management (Catella) has gone into live production with Advent Portfolio Exchange® (APX) and Advent’s Moxy® for trade order management, portfolio management and reporting and client relationship management functionality.
Stockholm-based Catella is one of Sweden’s leading independent asset managers with approximately $5 billion in assets under management. Catella’s services include fund management, special mandates and strategic asset allocation for institutional and private investors. With its business expanding and customer requirements becoming more personalised, Catella sought a solution with integrated fund management and discretionary asset management functionality on one single platform that could also meet local reporting requirements.
“Our asset management business entails complex strategic asset allocations and we found a solution that allowed us to continue our growth strategies and at the same time maintain our unique client focus. We also wanted a single point of entry for our trading which Advent’s solution provides,” said Stefan Widenfelt, CEO of Catella Asset Management.
“We invited a broad range of vendors to showcase their solutions, but we chose the Advent Portfolio Exchange® / Moxy® solution as we felt the integrated front- to back-office platform was best suited to our requirements,” added Widenfelt. “We are pleased to have found a single business partner in Advent who can meet our end-to-end needs with an integrated offering.”
“We are delighted that a company of Catella’s market standing has chosen Advent. This is a strategic implementation, which demonstrates the powerful capabilities of APX and Moxy® as an integrated solution,” said Hakan Valberg, General Manager for Advent EMEA. “Our ability to meet Catella’s specific requirements highlights the proven scalability, flexibility and reliability of Advent’s solutions. This is another good example of the momentum we are continuing to build with our solutions in the European, Middle East and African markets,” added Valberg.
About Advent Portfolio Exchange®
Advent Portfolio Exchange® is Advent’s next generation in portfolio management technology that fully integrates the front office functions of client relationship management (CRM) with the back office operations of portfolio accounting and reporting. This enterprise solution leverages a single SQL database to deliver critical client information via an easy to use browser-based user interface. APX delivers improved client service with enhanced security for today’s amplified compliance environment.
Moxy® is the industry’s most widely used trade order management system with over 700 clients worldwide. Moxy® features portfolio modeling, rebalancing, and what-if scenarios; intra-day order management; pre- and post-trade compliance checking; and electronic order routing and trade execution.
Advent Software, Inc. (www.advent.com
), a multi-national 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 $14 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 about Advent in EMEA visit www.adventemea.com
Advent, Advent Portfolio Exchange and Moxy are registered trademarks of Advent Software, Inc. All other company names or marks mentioned herein are those of their respective owners.
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, market acceptance of new products, the impact of initiatives by competitors 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 2006 annual report on Form 10-K/A, 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