STOCKHOLM – August 9, 2002 - Advent Sweden, a subsidiary of Advent Software, Inc.® (NASDAQ: ADVS), announces that Finnish-based FIM Securities group has chosen Advent Office® as their integrated solution for their trading & order management, portfolio management and reporting and client relationship management. FIM, an asset and fund manager with nearly 700 million Euros in assets under management is Advent’s first client in Finland.
Advent - the right choice
With over 30 vendors responding to an initial RFI by FIM, Advent beat the final competitors. “Advent Office meets the specific functionality requirements in our asset management system. With a large number of private client portfolios we need an efficient database structure and fast reporting tools, which Advent provides. Advent’s global reputation and experience were also important for us in making our decision,” said CEO Niklas Geust of FIM Asset Management.
Improving Customer Service
Advent Office is replacing FIM’s in-house system and will be handling FIM’s mutual funds, discretionary portfolios and internal order flow. It will enable the asset manager to improve the quality of client reporting and flow of client communication. “The Advent solution will help us to improve our customer service, by providing more efficient order management, asset management specialization, and improved external and internal reporting. With the exceptional cost-to-benefit ratio that this solution offers, we believe that we will finance this investment in a couple of years,” Niklas Geust concluded.
Mats Berggren, Country Manager of Advent Sweden expressed delight in signing Advent’s first client in Finland. “FIM’s key issues are similar to all our customers; focus on profitability through internal efficiency and improved client retention. Our solution is strong within this area and we are looking forward to helping FIM.”
Advent Sweden AB was founded in year 2000. It was acquired by Advent Software, Inc. in 2001 and serves the Swedish Investment Management Market.
Advent Software, Inc. has been providing trusted solutions to the worlds' leading asset managers since 1983. Firms in 55 countries use Advent technology to manage investments totaling more than US $8 trillion. Advent's quality software, data, services and tools enable managers to improve service and communication to their clients, allowing them to grow their business while controlling costs. Advent's common stock is traded on the NASDAQ National Market under the symbol ADVS.
Advent Software Inc. is located at 301 Brannan Street, San Francisco, CA 94107, telephone +1 415 543 7696, www.advent.com. Advent Software, Inc. is a registered trademark of Advent Software. All other products or services mentioned herein are trademarks or registered trademarks of their respective companies.
Anne Line Lande, Marketing Manager