SAN FRANCISCO – August 4, 2011 – Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services for the global investment management industry, today announced that Granite Springs Asset Management LLC has selected Advent Portfolio Exchange® (APX) through Advent OnDemand® for portfolio management and reporting. Through Software as a Service (SaaS) delivery model, Advent OnDemand® offers Granite Springs the value of APX on a fully outsourced basis, bringing together key functions including portfolio accounting, customer relationship management (CRM), client reporting and communications, with minimal IT and operational responsibility.
Established in May 2009, Granite Springs Asset Management LLC is an independent registered investment advisory firm that specializes in fixed-income portfolio management and tactical asset allocation ETF (exchange traded fund) strategies for private clients, family offices, foundations, endowments, pension plans and other institutional investors. After reviewing several options for outsourced portfolio management, Granite Springs chose Advent OnDemand® because the cloud-based service delivered the integrated, reliable and cost-effective solution they were looking for.
With Advent OnDemand®, Granite Springs can streamline processes and improve accuracy across the firm’s operations, at lower total cost of ownership than traditional, locally installed software deployments. Advent’s remote access capabilities offer additional value to Granite Springs by enabling managers to access critical data and resources they needed from anywhere.
“Advent is the market leader for good reason,” said Patrick Smith, CEO at Granite Springs Asset Management LLC. “We have no question that Advent OnDemand® is the best solution for our growing firm and found that there are no comparable solutions that integrate real scalability, flexibility, remote access, and operating strength in a single cost-effective package with great customer support. We are very excited about working with Advent as we grow.”
“Our solutions are designed with our clients’ business objectives and success in mind. An important aspect of that is offering choice in deployment options and building flexibility into products,” said Michael Lobosco, Director, Advent OnDemand® at Advent Software. “Advent OnDemand® offers clients the benefits of an industry leading solution with the convenience, cost-savings and flexibility associated with SaaS solutions. For clients like Granite Springs, this means they can continue to focus their resources on delivering returns for their clients.”
About Advent Portfolio Exchange®
Advent Portfolio Exchange® (APX) is an end-to-end portfolio management solution that integrates the front-office functions of prospecting, marketing, and customer relationship management with the back-office operations of portfolio accounting and reporting. This enterprise solution leverages a single SQL database to deliver critical client information via an easy-to-use browser-based user interface. APX delivers improved client service with enhanced security for today’s amplified compliance environment. For more information on APX visit https://secure.advent.com/info/pr_apx.
About Advent OnDemand®
Advent OnDemand® is Advent’s solutions delivered via the software as a service (SaaS) model, with or without data management services. From secure software hosting, to comprehensive and customizable data management, operations and client reporting solutions, Advent OnDemand® helps clients control costs, reduce operational risk and enables superior client service. More than 500 firms use Advent products through Advent OnDemand®. For more information on Advent OnDemand® visit http://www.advent.com/outsource.
Advent Software, Inc., a global firm, has provided trusted solutions to the world’s financial professionals since 1983. Firms in more than 60 countries count 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 operational risks and 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 and Advent OnDemand are registered trademarks of Advent Software, Inc. All other company names or marks mentioned herein are those of their respective owners.
Advent Software, Inc.