ATHENS – April 10, 2002 - Advent Europe, the European distribution arm of Advent Software, Inc.® (NASDAQ: ADVS), announces that Athens based Marfin Bank, an investment banking organization derived from multiple takeovers of related companies in Greece, has chosen Advent Office as their integrated solution for their portfolio management and reporting system. With a global investment strategy, tailored to their customers’ risk profile, Marfin Bank will integrate the Advent Europe solution with their existing back office system.
One system for all locations
With their new portfolio accounting and reporting solution, Marfin Bank will have one system for all their banking locations. “With the advantage of having one system that holds all our client data, our productivity level will rise and we will have more time to focus on our clients’ needs”, says Paul Tsoukalas, CIO of Marfin Bank. “Our goal is to provide our clients with the best service to meet their overall objectives, interests and investment preferences. To accomplish this, we needed an integrated portfolio management solution and Advent Office was the only solution that fully met our needs, continued Tsoukalas.
Strong Product and Vendor History
“We examined the market for an investment management solution, and ultimately chose Advent Office because of the product solution, worldwide client base and the fact that they have local presence in Greece. The technology partnership with Advent Europe is a strategic decision for us as the scalability, high quality service and technology provided will enable us to continue to grow and succeed. The lack of flexibility and limited reporting capabilities we experienced with our old system have been replaced by a far better solution,” concludes Tsoukalas.
A Step Change in Productivity
“We’re extremely pleased to be working with Marfin Bank”, says Regional Director of Greece, Makis Ioannou. “They represent another high-calibre financial services firm that Advent Europe is working with in order to provide software and services to grow their business,” concludes Ioannou.
“There is nothing marginal about the improvements that our clients experience”, says Torbjørn Tenmann, CEO of Advent Europe. “We're talking Step Change in productivity and quality of client service. Our reputation for excellent products and highly skilled implementation and support teams is spreading steadily and that's why we’re increasingly leaving the competition behind.
About Advent Europe
Advent Europe is the fastest growing pan-European provider of investment management solutions in Europe. Established in 1998 as an independent distributor of Advent Software, Inc. products, Advent Europe now has a local presence in 10 countries across the continent. In December 2001, Advent Software acquired Advent Europe distributors in Denmark, Norway and Sweden.
Advent Software, Inc. has been providing trusted solutions to the worlds' leading asset managers since 1983. Firms in 55 countries use Advent technology to manage investments totalling more than US $8 trillion. Advent's quality software, data, services and tools enable managers to improve service and communication to their clients, allowing them to grow their business while controlling costs. Advent's common stock is traded on the NASDAQ National Market under the symbol ADVS.
Advent Software Inc. is located at 301 Brannan Street, San Francisco, CA 94107, telephone +1 415 543 7696, www.advent.com. Advent Software, Inc. is a registered trademark of Advent Software. All other products or services mentioned herein are trademarks or registered trademarks of their respective companies.
Anne Line Lande, Marketing Manager
Paul Tsoukalas, CIO
+301 07 263 242