Olympia Capital Companies Select Advent Software to Support Their Administrative Services to the Alternative Investment Industry
HAMILTON, BERMUDA; NEW YORK; and SAN FRANCISCO – March 13, 2007 – The Olympia Capital Companies, providers of administration services to the alternative investment fund industry, and Advent Software, Inc. (NASDAQ: ADVS), the leading provider of software and services to the investment management industry, today announced that Olympia Capital has contracted to license Advent’s Geneva® and Advent Partner®.
Olympia will begin introduction of the Geneva® platform in the second quarter of 2007 with Advent Partner® being introduced in the third quarter. Clients will benefit from the use of Advent’s leading-edge technology and its support for complex alternative investment instruments, which will significantly enhance the outstanding service Olympia already provides. Olympia Capital’s offices in Bermuda, Dublin, Halifax, New York and Toronto will all participate in the new product lineup.
Raymond Morrison, Chief Operating Officer of Olympia Capital International, said, “We believe that Advent’s Geneva® platform is the most comprehensive portfolio accounting system available to hedge fund administrators and it will allow us to maintain a high level of control and operational efficiency. Olympia Capital has always strived to provide our clients with the highest level of service and the move to Geneva® and Advent Partner® represents a considerable step forward for us in terms of the technology solution we offer to our clients and it will enable us to take our services to a whole new level.”
“The new relationship with Advent provides Olympia with the world-class Geneva® and Advent Partner® products,” said Charles Leone, Chief Operating Officer, Olympia Capital Associates, L.P. “This offering further enhances our commitment to provide quality administration services and innovative solutions to our clients. In addition, our deployment of these products on new systems in enterprise-class data centers under a managed hosting environment substantially upgrades the quality, availability and protection of our IT infrastructure.”
“Advent is very pleased to welcome Olympia Capital as a new client in the competitive fund administrator market,” said Chris Momsen, Vice President and Co-Head of Advent’s Global Accounts business unit. “As one of the fastest-growing fund administrators in the business, Olympia Capital will benefit from Geneva®’s scalable, real-time architecture and comprehensive instrument coverage, as well as Advent Partner®’s onshore and offshore investor servicing for their global client base. Advent’s solutions enable fund administrators to efficiently deliver accurate, reliable accounting services to the most complex alternative asset funds.”
About Olympia Capital
Olympia Capital (www.olympiacapital.com
) provides comprehensive administration services to the alternative investment fund industry with integrity and distinction. Global in scope, flexible in nature, the Olympia Capital Companies are dedicated to achieving superior quality and providing innovative solutions to clients.
Providing administration services since 1990, The Olympia Capital Companies – affiliated international companies and their contractual US counterpart, Olympia Capital Associates – have a global presence through their respective offices in Bermuda, Dublin, Halifax, New York and Toronto. Olympia Capital focuses on administering several alternative asset categories: hedge funds, fund of funds and private equity funds. A plethora of asset classes are serviced, from more traditional equity hedge funds to more esoteric fixed income, multi-strategy, derivatives and commodity funds in both onshore and offshore structures.
Advent Software, Inc. (www.advent.com
), a multi-national firm, has been providing trusted solutions to the world’s leading financial professionals since 1983. Firms in 60 countries use Advent technology and manage investments totaling nearly US $14 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 Support Center Practices certification for being a world-class support organization.
Advent, Geneva and Advent Partner are registered trademarks of Advent Software, Inc. All other company names or marks mentioned herein are those of their respective owners.
Any forward-looking statements included in this press release involve risks and uncertainties that could cause actual results to differ materially from our expectations. These risks and uncertainties include market acceptance of new products, the impact of initiatives by competitors and other risks detailed in Advent’s filings with the Securities and Exchange Commission, including, but not limited to, its annual report on Form 10-K and quarterly reports on Form 10-Q, as amended, copies of which may be obtained by contacting Advent Software at (415) 645-1787 or by visiting Advent’s Investor Relations Web site at www.advent.com
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