Over 30 Norwegian Clients Rely on Advent to Increase Operational Efficiencies and Enhance Client Service

Over 30 Norwegian Clients Rely on Advent to Increase Operational Efficiencies and Enhance Client Service

Advent Continues to Expand its Presence in Norway with New Clients and Recent Acquisition of Fund Order Management Provider Goya

LONDON and SAN FRANCISCO – November 4, 2010 – Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services for the global investment management industry, today announced that it is now supporting more than 30 Norwegian clients from its locations in Oslo and Stavanger.  Advent’s Norwegian clients are comprised of a range of investment management firms including wealth managers, asset managers, family offices and hedge funds.

Advent clients can choose from a comprehensive range of front-to back-office modules which turn the administration of investment management into an automated, transparent and accurate process that enables professionals to focus on the fundamentals: their clients and their investment decisions. Advent solutions cover research management, trade and fund order management, portfolio management, client relationship management and fund accounting.

Leading wealth management firm, First Wealth Management, is one of Advent’s clients in Norway.  Roar Jensen, Senior Operations Manager with First Wealth Management, commented, “Advent solutions enable us to make better business decisions by helping us focus on certain products, or concentrate on which advisors are profitable and which are not performing up to standard.  The local support means we speak the same language, which makes day-to-day life much easier, and the support team also has in-depth knowledge of our business, so we don’t have to explain everything to them. Thanks to this combination of rich functionality and superior service, we are able to focus on our core objective of supporting our clients’ needs.”

“Having over 30 clients in Norway is a testament to Advent’s reputation as the technology partner of choice in the region; and the recent acquisition of Goya has enabled us to further add value for our customers, by expanding the reach of our solutions,” said Håkan Valberg, Senior Vice President and General Manager, Advent Software EMEA.  “As a result of our local team’s comprehensive understanding of national investment management practices and the development of specific local solutions, such as a Norwegian tax reporting module and integration to local custodians, combined with Advent’s world-class technology solutions, we have developed a strong business locally.”

Concluded Valberg, “By working with Advent to support and streamline their investment operations, Norwegian firms are able to focus on enhancing client service and strengthening client trust.” 

About Advent
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

Advent, the Advent logo and Advent Software are registered trademarks of Advent Software, Inc.  All other company names or marks mentioned herein are those of their respective owners.

Media Contacts:
Jessica Miller
Advent Software, Inc.
+ 1 415 645-1668

Daphne Marciel
Advent Software EMEA
+44 20 7631 9240