LONDON and SAN FRANCISCO – May 17, 2011 – Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services for the global investment management industry, today announced that KSB Capital Group has selected Advent’s asset management solution1, offered by Advent’s premier local partner, SISCOM, to deliver portfolio, client relationship, trade and fund order management.
As a newly launched firm, Riyadh-based KSB Capital Group went through a detailed market survey to select a solution that met their needs from the start, and found Advent’s solution to be the best match to their requirements. SISCOM implemented and customized the Advent suite at KSB Capital Group, delivering a complete solution covering front, middle and back office functionalities, which enabled KSB Capital Group to launch seven mutual funds in a very short time span.
“We chose Advent for the availability of a local implementation and support team through SISCOM, the solution’s comprehensive coverage of our requirements, and SISCOM’s ability to provide additional customizations as and when we need them,” said Bader M. Al-Saleh, CEO Consultant with KSB Capital Group. “This enabled us to have our operations efficiently structured from the start and to become a leader in the Saudi real estate funds market, where one of our recent funds, Rehab Real Estate, achieved over 40% net profits.”
“As KSB Capital Group’s experience demonstrates, Advent’s comprehensive, scalable and customizable technology, coupled with the presence of local SISCOM consultants is a winning combination for our clients,” said Håkan Valberg, Senior Vice President and General Manager, Advent Software EMEA. “Through the local expertise of our partner SISCOM, we have almost 10 clients in Saudi Arabia who already fully benefit from our world-class solutions, in a way adapted to their needs.”
Advent Software, Inc., a global firm, has provided trusted solutions to the world’s financial professionals since 1983. Firms in more than 50 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.
SISCOM is a premier professional services organization providing consulting, technology and outsourcing services to the Middle East region and across the globe in collaboration with global technology leaders. SISCOM was established with a talented employee base of 700 professionals and a culture of innovation, accountability and strong brand recognition. SISCOM's market share has outgrown the competition including the penetration of international markets and attaining client's loyalty.
SISCOM is an established and trusted strategic partner since 2003 and has global presence in USA, Hong Kong, China, India and Pakistan.
Advent, the Advent logo, Advent Software, 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.
1Advent’s asset management solution is comprised of Advent Portfolio Exchange® (APX) for portfolio and client relationship management, Advent Tradex for fund order management and distribution, and Moxy® for trade order management.
Advent Software, Inc.
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Advent Software EMEA
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