SAN FRANCISCO and NEW YORK – September 30, 2008 – Generic Network Systems, LLC (GNS), a global provider of UNIX Managed Services and Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services for the investment management industry, announced today that GNS has been designated as one of Advent’s Premier Managed Services and Hosting Providers. GNS will deliver system administration and hosting services for Geneva®, Advent’s award-winning portfolio management and fund accounting platform.
GNS is a specialized UNIX hosting and managed services provider focusing on the hedge fund, asset management, and fund accounting industries. GNS has been delivering best-of-breed UNIX infrastructure support for over eight years; in that time, the company has developed a comprehensive, proactive management platform that is designed to insulate mission-critical applications from interruption.
By working directly with Advent, GNS is able to extend its GNSWatch system to closely track the Geneva® application. This is in addition to the extensive monitoring support that GNS deploys on every server under contract for operating system, networking, and hardware support 24 hours a day, 7 days a week. When GNS detects a problem, or potential problem, engineers are ready to access the system in question and diagnose the issue. GNS also provides first line support between its clients and Advent support for maintenance and upgrades to Geneva®.
For clients that would prefer an offsite solution, GNS offers a comprehensive hosting platform for Geneva®. The Geneva® application software is licensed by the client, but is securely hosted in the GNS carrier grade data centers where GNS provides comprehensive management of the server and the Geneva® application. Clients access the hosted Geneva® implementation remotely via a secure VPN connection.
“Geneva® is the most important application running in most of our clients’ environments,” said Robert Trangmar, Managing Director, Generic Network Systems. “We are proud to be recognized by Advent as a premier supplier of management services for the systems that host its leading portfolio management and fund accounting solution. The advanced training and support we are receiving from Advent is making our service for Geneva® clients even better.”
“We are delighted to introduce GNS as one of our Managed Services and Hosting Partners, with several successful clients already using their platform to accelerate implementations and provide 24/7 system support,” said Thomas Zdon, Vice President, Global Accounts Solution Consulting for Advent. “The powerful GNS toolset and their staff’s exceptional systems knowledge and attention to detail have been a huge help to our clients. We are pleased to have them working with us in rolling out Geneva® to new clients with limited in-house UNIX expertise.”
About Generic Network Systems
GNS is a leading provider of UNIX managed services for the hedge fund industry. The company’s exclusive industry and technology focus allows GNS to deliver the most comprehensive support package imaginable. GNS’ custom monitoring and management tools are designed to detect potential issues before they cause problems, and the company’s direct connection to clients allows GNS to help provide immediate resolution and correction of these issues. From its offices in New York City, GNS provides management and support to UNIX systems all over the world.
Geneva®, a global investment management and accounting platform, is a proven solution for asset managers, hedge funds, fund administrators, prime brokers, and mutual funds that require a high level of operational efficiency and easy access to real time data. Geneva® offers comprehensive instrument coverage, full financial general ledger, and industry-standard integration tools to enable firms to manage complex investment vehicles, multiple investment strategies, and tiered fund structures. For more information on Geneva®, click here.
Advent Software, Inc. (www.advent.com), a global company, 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.
The Advent logo, Advent Software and Geneva are registered trademarks of Advent Software, Inc. All other company names or marks mentioned herein are those of their respective owners.
Advent Software, Inc.
Generic Network Systems, LLC
(212) 268-4722 x119