San Francisco, October 17, 2000 - Advent Software, Inc. (Nasdaq: ADVS) the leading provider of Enterprise Investment Management (EIM) technology, announces that Lehman Brothers has licensed Geneva¸ as its global portfolio accounting system for the firm’s Prime Brokerage Services business. Geneva is an advanced, real-time portfolio accounting system for firms that demand true multi-currency, high performance portfolio accounting.
Lehman Brothers joins a growing number of industry-leading firms who are using Geneva. Geneva gives investment professionals the reliable information they need to manage the complex requirements of operating twenty-four hours a day in investment markets around the world.
"Lehman Brothers’ decision to use Geneva demonstrates our commitment to providing our Prime Brokerage clients with state-of-the-art portfolio accounting and performance measurement information," said Howard Blechman, Managing Director of Prime Brokerage Services and Global Co-Head of Equity Finance at Lehman Brothers. Howard added that Lehman Brothers also plans to fully integrate Geneva into Global PrimeWeb, the firm’s new Internet suite of client tools and analytics being delivered over Lehman LIVE, the firm’s proprietary Internet portal for clients.
"We’re extremely pleased to be working with Lehman Brothers," said Peter Caswell, President and Chief executive Officer of Advent. "The increasing adoption of Geneva in the top tier of financial services firms is very encouraging to us, and serves to show the industry that Advent is intent on providing the most comprehensive software and services to this market."
Lehman Brothers is a global investment bank with leadership positions in corporate and municipal finance, advisory services, and securities sales, trading and research. Lehman Brothers serves the financial needs of corporate, overnment, and institutional clients and high-net-worth individuals through offices in major financial centers worldwide.
Advent Software, Inc. is the leading provider of Enterprise Investment Management solutions. The company provides a suite of complementary products for the front, middle and back offices of investment management organizations. The company’s common stock is traded on the NASDAQ National Market under the symbol ADVS.
Advent Software, Inc.
301 Brannan Street
San Francisco CA 94107