LONDON and SAN FRANCISCO – June 3, 2010 – Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services for the global investment management industry, today announced that Orangefield Trust has selected the Geneva® portfolio management system and the Advent Partner® World Investor solution for global investor accounting and servicing.
Orangefield Trust (formerly ING Trust) operates from offices in 11 jurisdictions across the globe. The firm provides a wide range of management, administrative and trust or corporate services to funds, corporate clients and private clients, delivering services that can be tailored to these clients’ needs.
Orangefield Trust already has over USD 2 billion assets under administration spread across 20 funds and is seeking further expansion of its business. To achieve this objective Orangefield Trust required a proven, scalable platform that would facilitate the desired growth without adding cost while delivering the high quality service which clients demand. Orangefield Trust turned to Geneva® and Advent Partner® World Investor to leverage the powerful, integrated accounting and servicing capabilities the Advent solutions offer.
“It was crucial for Orangefield Trust to further enhance our reputation for efficiency and high quality service,” said Joep Bruins, CEO of Orangefield Trust. “To achieve that we needed a flexible, powerful and fully integrated platform able to handle the full sweep of instrument types our clients utilize, and with the scalability to support our growth plans. Advent Partner® World Investor and Geneva® offered us that platform. When combined with Advent’s long and well-established reputation as the preferred provider for the fund administration sector, it made them the natural choice for us.”
“We are thrilled that Orangefield Trust has turned to Advent to support their future growth,” said Håkan Valberg, Senior Vice President and General Manager, Advent Software EMEA. “Our hedge fund solutions bring a broad range of benefits that enable all firms, regardless of size or complexity, to operate with greater accuracy, support both onshore and offshore investors, and satisfy clients’ servicing requirements. Together, Advent Partner® World Investor and Geneva® provide firms with the robust infrastructure they need to manage and grow their business.”
About Advent Partner®
Advent Partner® World Investor is a comprehensive, single-source solution for global investor accounting and servicing for both onshore and offshore funds. It integrates with Axys, APX and Geneva. This product is specifically designed for hedge funds, family offices, fund administrators, and accounting firms that face the complex and time-consuming task of consistently and accurately accounting for and reporting on investor contributions and redemptions, capital gain/loss and income allocations, and management incentive fees. In addition, Advent Partner provides comprehensive economic and tax allocation reporting. For more information on Advent Partner, visit https://secure.advent.com/info/pr_partner.
Geneva®, an award-winning, real-time 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 https://secure.advent.com/info/pr_geneva.
Advent Software, Inc., a global firm, has provided trusted solutions to the world’s financial professionals since 1983. Firms in more than 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 http://www.advent.com/about/resources/demos/pr.
About Orangefield Trust
Orangefield Trust’s history as a global corporate, administrative and financial services provider dates back more than 30 years. Supported by Foreman Capital in 2007 a management buyout continued the activities of ING Trust worldwide under the new name Orangefield, an independent international firm specialising in fund administration, private equity, real estate, corporate and private client services. Orangefield services a wide range of single and multi jurisdictional funds and companies across the global network, and offers an innovative, flexible and client focused approach to service delivery models.
The core service of Orangefield consists of fund administration and corporate servicing of special purpose vehicles. It is our mission to provide a complete administration solution to our clients and their investors.
For a complete overview of the office network and services visit: www.orangefieldtrust.com.
Advent, Advent Partner® World Investor and Geneva® are registered trademarks of Advent Software, Inc. All other company names or marks mentioned herein are those of their respective owners.