SAN FRANCISCO – October 7, 2009 – Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services for the global investment management industry, today announced that more than 40 Geneva® clients are now leveraging Advent’s Authorized Hosting Providers to provide both hardware hosting and implementation services for Geneva®, Advent’s award-winning portfolio management and fund accounting solution.
Hosting providers include FusionStorm, Generic Network Systems, GlobeOp, InfoHedge Technologies, Matsco Solutions and Paladyne Systems, Inc., and offer a wide range of services for Advent Geneva® clients, including full or managed hosting, disaster recovery and configuration management/delivery.
Specifically, Geneva® is licensed directly from Advent, and clients that prefer a hosted environment may leverage one of Advent’s hosting providers. These clients benefit from the unparalleled scalability, operational efficiencies and 24/7 support that Geneva® provides, without having to dedicate resources to application support and hardware management. Advent’s hosting providers offer Geneva® clients a cost-effective alternative to maintaining their own IT infrastructure.
Rick Gorter, Managing Director at Trident Trust Company, commented, “We have sought to partner with Advent’s IT service providers specializing in Geneva® in order to leverage the expertise and experience they have garnered from supporting Advent products over an extended period and across a diverse client base. This enables us to focus on our own areas of efficiency and expertise without having to ‘reinvent the wheel,’ and avoids the additional administrative burden of bringing such support in house.”
"We chose to team with industry leading firms to give our Geneva® clients a choice of providers and a range of service levels. Through these relationships, we believe that we are offering the industry comprehensive options ranging from technical hosting all the way to full managed outsourcing around the globe,” said Todd Gottula, Senior Vice President and General Manager of Global Accounts at Advent. “The ability to leverage Geneva® through a Software-as-a-Service model is a significant value proposition for hedge fund managers and allows them to focus on business activities rather than maintenance of an infrastructure team within their IT organization.”
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® visit our product page.
Advent Software, Inc., a global firm, has provided trusted solutions to the world’s financial professionals since 1983. Firms in 60 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 our product demo page.
Advent, 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.