Cortina Strengthens Compliance Program with Advent’s Solutions

Cortina Strengthens Compliance Program with Advent’s Solutions

Institutional Asset Manager Uses Advent’s Entire Suite Throughout Operations to Mitigate Compliance Risk

SAN FRANCISCO – January 27, 2011 – Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services for the global investment management industry, announced today that Cortina Asset Management is leveraging Advent’s suite of solutions to strengthen and support its compliance program.  Advent provides a comprehensive portfolio of products to help mitigate risk for marketing, client services, traders, and the chief compliance officer.

With $1.8 billion in assets under management, Cortina uses Advent’s entire integrated suite of products throughout its operations to streamline its compliance processes and procedures, including Tamale RMS®, Advent Portfolio Exchange®, Moxy®, Advent Rules Manager®, Advent Revenue Center® and Advent® Custodial Data.  Each of Advent’s products plays an important role for Cortina in addressing one or more compliance issues, including adherence to client directives, insider trading, disclosures, forensic testing, fair allocations, custody of assets, adherence to fee agreements, adherence to portfolio strategies and documentation of decisions.

Lori Hoch, Principal, Chief Operating Officer and Chief Compliance Officer of Cortina Asset Management, commented,  “While Advent products offer individual functionality that build a stronger compliance program, it is equally important that they all integrate and communicate with each other. In order to examine and present data consistently, it is much easier when the systems are from one provider rather than multiple vendors.  Firms that use Advent solutions across the investment process to support compliance are at a decided advantage.”

“In an increasingly complex and demanding regulatory environment, compliance officers are hard pressed to get the timely, accurate information they need to monitor and manage risks effectively,” said Chris Flynn, Vice President of Product Management at Advent.  “Advent understands the business risks that exist and can help automate many facets of compliance.  It is very gratifying to know that Advent’s solutions are empowering Cortina to manage their compliance program efficiently and accurately.”

For more information on how Advent’s products support compliance visit http://www.advent.com/compliance.

About Advent
Advent Software, Inc., a global firm, has provided trusted solutions to the world’s financial professionals since 1983.  Firms in more than 50 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.

Advent, the Advent logo, Advent Software, Advent Portfolio Exchange , Advent Revenue Center, Advent Rules Manager, Moxy and Tamale RMS , are registered trademarks of Advent Software, Inc.  All other company names or marks mentioned herein are those of their respective owners.
 

Media Contact:
Jessica Miller
Advent Software, Inc.
(415) 645-1668
jmiller@advent.com