LONDON – August 9, 2002 - Despite challenging market conditions, Advent Europe’s second quarter 2002 was its best quarter ever. “We are very pleased with our record quarter,” said Torbjørn Tenmann, Advent Europe’s Chief Executive Officer. “European financial institutions are choosing Advent Europe’s software solutions over the competition. We are gaining market share in Europe as financial institutions embrace our trusted software solutions that enable them to cut costs and seek compelling returns on investment during this challenging market environment. Our clients also appreciate our pan-European presence and support, and our track record of making the investments necessary in the local markets to provide solutions that are adapted to our clients’ needs.”
Advent Europe is an independent distributor and support organisation of Advent Software’s products. Advent Software has licensed its products to more than 6,500 financial institutions for use by more than 60,000 concurrent users worldwide. Their commitment to continuously invest heavily in research and development, enable European clients to remain at the forefront of the financial services industry.
Advent Europe is the fastest growing pan-European provider of investment management solutions. Established in 1998 as an independent distributor of Advent Software, Inc. products, Advent Europe now has a local presence across the continent. In November 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