SAN FRANCISCO – April 22, 2009 – HBMJ Consulting, LLC, a consulting firm specializing in back-office and middle-office solutions for the hedge fund community, and Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services for the global investment management industry, announced today that HBMJ has been designated as one of Advent’s Premier Consulting Partners. HBMJ will deliver system implementations and upgrades for Advent clients using Geneva®, Advent’s comprehensive portfolio management and fund accounting solution.
Founded in 2004, HBMJ has provided Geneva®-related services to over 35 global financial institutions, including numerous large hedge funds, global fund administrators and prime brokers. Mark Brooks, Managing Director at HBMJ, commented, “HBMJ is extremely excited about formalizing our relationship with Advent, a firm we’ve worked closely with since our founding. Advent’s products have added superior value to our clients’ back and middle office, and the firm has shown an unwavering commitment to developing industry-leading solutions.”
Advent’s Premier Consulting Partner program selects well-established technology consulting companies that have significant experience and expertise in implementing and working with Geneva® in order to expand the integration and consulting universe for firms utilizing the solution. All Premier Consulting Partners are screened by Advent Professional Services and Product Development and are required to achieve Geneva® certification.
“We are very pleased to name HBMJ as our latest Premier Consulting Partner,” said Todd Gottula, Senior Vice President and General Manager of Global Accounts at Advent. “HBMJ has a time-tested, proven project methodology for Geneva® implementations and upgrades that delivers exceptional results at exceptional value. Their staff of nearly 30 full-time consultants also provides Geneva® expertise in fund accounting best-practice, complex instrument modeling and workflow, particularly credit instruments, and a full suite of system integration services.”
Added Brooks, “In this current challenging environment, we believe more clients will turn to strong companies like Advent for solutions to changing regulatory, accounting and market conditions. As such, we look forward to working more closely with their development and professional service teams to bring these solutions to our clients.”
HBMJ Consulting is a niche consulting firm providing services to the hedge fund community. The firm specializes in back/middle office workflow analysis and best-practice, system implementations and upgrades, strategic consulting, and has a new practice focused on the challenges of bank debt and credit instrument operations and accounting. HBMJ Consultants have extensive industry experience from top-tier consulting and accounting firms, hedge funds, fund administrators and prime brokers. Their staff averages over 4 years experience in the Advent Geneva® platform, and the firm serves clients across North America. For more information visit http://www.hbmjconsulting.com/.
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 https://secure.advent.com/info/pr_geneva.
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. 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.
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.