San Francisco, CA , July 23, 2001 - Advent Software, Inc. (Nasdaq: ADVS) announces that Paloma Partners Management Company has chosen Geneva¸, Advent's advanced, real-time, global portfolio accounting system for firms that demand true multi-currency, high performance portfolio accounting.
Paloma Partners, the highly regarded investment fund management company based in Greenwich, CT, joins an impressive list of industry-leading firms that are using Geneva, representing the financial sectors of global asset managers, prime brokerage organizations and hedge funds. 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.
"We're extremely pleased to be entering into this new relationship with Advent, and feel confident that its technology expertise will help us as we continue to expand our business," said Randy Tam, Managing Director of Paloma Partners. "Geneva's overall functionality, especially its depth of instrument coverage, multi-currency accounting, and its flexible report writer, will help us create even more timely management information flow and enhance operational efficiencies. In addition, Geneva's open architecture will allow for smooth integration with our in-house developed applications."
"Paloma Partners represents the best in the investment fund industry, and we're thrilled that they have chosen Advent as their technology partner," said Stephanie DiMarco, founder and Chairman of Advent Software. "Continued adoption of Geneva in the top tier of financial services firms serves to show the industry that Advent is consistently providing the most comprehensive software and services to this market."
About Advent Software
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.
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