LONDON and SAN FRANCISCO – June 4, 2009 – Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services for the global investment management industry, today announced that Altamount Capital Management Pvt. Ltd has selected Advent Portfolio Exchange® (APX), its award-winning portfolio and client management solution, and Moxy®, its industry-leading modelling and trade order management solution.
Located in Mumbai, India, Altamount Capital Management is the first of its kind in India, offering multi-family office (MFO) services and private investment opportunities to its network of ultra wealthy families. To support its launch of MFO services, Altamount wanted to adopt a robust and flexible platform that could increase productivity and accommodate growth without increasing risk or overhead costs. The firm also needed a platform in place which provided comprehensive and consolidated client reporting across family structures and multiple providers, sophisticated performance evaluation and institutional style performance analytics in order to deliver enhanced client service and to improve operational efficiencies. After a thorough review of its options, Altamount decided that Advent’s integrated solution, comprised of APX and Moxy®, could best meet its needs.
“We were looking to automate virtually all of our processes and adopt international best practices and time-tested solutions used by multi-family offices globally, and we have met those objectives with the implementation of Advent’s integrated solution,” said Pranav Joshi – Director, Operations, Altamount Capital Management Pvt. Ltd. “Advent has provided us with an operational infrastructure that we expect will allow us to grow without increasing our cost base, which is especially critical in our early stages of development. Advent’s strong global presence and proven track record made them the technology vendor of choice over the competition.”
“We are delighted that Altamount Capital Management has selected our integrated solution to help support the launch of their multi-family services and future expansion,” said Hakan Valberg, Senior Vice President and General Manager, Advent Software EMEA. “Altamount’s confidence in our solutions reflects our status as a leading provider on the international front for this market segment. We look forward to expanding our presence in the region and to working with Altamount Capital Management as they develop and grow their business.”
About Advent Portfolio Exchange®
Advent Portfolio Exchange® (APX) is an end-to-end portfolio management solution that integrates the front-office functions of prospecting, marketing, and customer relationship management 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.
Advent Software, Inc. (www.advent.com), a global firm, 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 organization. For more information on Advent products visit http://www.advent.com/about/resources/demos/pr.
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.
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