LONDON and SAN FRANCISCO, CA - May 28, 2008 - Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services for the global investment management industry, today announced that Killik & Co has selected Advent Portfolio Exchange® (APX), its award-winning, portfolio and client management solution, and Moxy®, its industry-leading trade order management solution.
With $3.7 billion in assets under management, Killik & Co is one of the EMEA region's foremost private client managers. It provides a broad array of advisory and discretionary stock broking and investment management services to private investors of all sizes from its offices in and around London and in Dubai.
To support its aggressive growth plans, Killik & Co wished to replace its front-office system with a functionally-rich, robust and flexible platform that could increase the productivity and performance of its brokers while enhancing the user experience for its clients and sales staff. The firm also wished to gain operational efficiencies by integrating front- and back-office operations and infrastructure. After an extensive search of the market, Killik & Co chose APX and Moxy®, Advent's integrated front- , middle- and back-office solution.
"Advent's suite of industry-leading tools will provide us with the technological capabilities we need to take our business to the next level," said Clem MacTaggart, Chief Operating Officer, Killik & Co. "Not only will APX and Moxy® help improve our employees' performance and the firm's operational effectiveness, but the solutions will help us enhance our already high levels of client service."
"We are thrilled that Killik & Co has selected Advent's integrated product suite, and we are honoured they are entrusting us with supporting their future growth," said Håkan Valberg, Senior Vice President and General Manager, Advent Software EMEA. "That a private client manager of Killik & Co's size and calibre has put its faith in our solutions reflects Advent's status as a proven provider for this market segment; we look forward to assisting them with their growth strategy."
About Killik & Co
As one of the UK's leading independent financial services groups, Killik & Co provide financial planning, investment management and stock broking services. Additionally, the Firm offers a range of corporate services that provide share scheme administration and executive counseling. The Killik & Co partnership was founded in 1989 and operates from 11 branch offices in, and around, Greater London and 1 international branch in Dubai. It looks after approximately $3.7 billion on behalf of over 25,000 private clients. For more information please visit www.killik.com.
About Advent Portfolio Exchange®
Advent Portfolio Exchange® (APX), Advent's next generation portfolio management product, fully integrates the front-office functions of client relationship management (CRM) 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.
Moxy® is the industry-leading OMS software deployed at over 800 firms which automates and streamlines the trading and order management process of partial and complete executions and allows the user to send allocation results to brokers electronically. Moxy® also provides Internet-ready electronic order routing based on the industry standard FIX messaging protocol, allowing users to route trades electronically to any FIX-compliant broker or crossing network that supports the Internet or other TCP/IP connections. For more information on Moxy® visit https://secure.advent.com/info/pr_moxy.
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 visit http://www.advent.com/about/resources/demos/pr.
The Advent logo, Advent Portfolio Exchange and Moxy are registered trademarks of Advent Software, Inc. All other company names or marks mentioned herein are those of their respective owners.
Advent Software EMEA
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Advent Software, Inc.
Killik & Co
+44 (0)20 7337 0529