Boston, MA and San Francisco, CA – December, 8, 2011 – Sapient Global Markets, part of Sapient (NASDAQ: SAPE), and Advent Software (NASDAQ: ADVS) the leading provider of software and solutions for the global investment management industry, announced today that Sapient Global Markets has launched a Global Distributed Delivery (GDD) capability for Geneva®. Utilizing Sapient’s proven Global Distributed Delivery Model, the GDD for Geneva® provides the tools for customers to achieve compliance, shorten project timelines, and improve the efficiency of Geneva® implementations. It does this by maintaining technologists skilled in Geneva® implementations of all sizes, as well as experienced program managers and investment management industry experts in multiple locations globally, and by providing a team connected across time zones and client geographies.
“Investment Management firms want quick, often near real-time, access to accurate data for reporting and a complete, clear view of a portfolio’s position at any given time,” said Mark Israel, vice president, Sapient Global Markets. “For those firms looking to upgrade or implement new systems to meet these needs, achieving the right combination of technology and process is key to success. Sapient Global Markets’ Global Distributed Delivery capability for Geneva® will enable us to provide our joint customers with the right tools to maintain competitive edge, reduce costs, manage risk and ensure compliance.”
Sapient Global Markets will provide third party systems integration and custom development for Geneva® projects. It will assist in aligning existing technologies and processes, and facilitate access to near round-the-clock resources for implementation support. The specially trained teams will coordinate software hosting, solution management and training services, customized to meet a firm’s specific requirements.
“Technology is a critical component in helping firms’ achieve key business objectives and compliance readiness. Advent is committed to ensuring our clients are confident their upgrades and implementations are carried out by experts with comprehensive experience in their environment and a complete understanding of their market,” said Todd Gottula, senior vice president and general manager, Global Accounts and Tamale, Advent. “Sapient Global Markets offers globally distributed expertise that will help facilitate on time and on budget Geneva® implementations.”
Sapient Global Markets, an Advent Premier Consulting Partner, is currently standardizing a set of tools and methodologies with which to deliver Geneva® products. The offering includes:
About Advent Premier Consulting Partner Program:
Advent’s Premier Consulting Partner program selects well-established technology consulting companies that have significant experience and expertise in implementing and working with Geneva®, Advent’s award-winning portfolio management and fund accounting solution. The Premier Consulting Partner program is intended to expand the integration and consulting resource pool for firms utilizing Geneva®, and enables firms like Sapient Global Markets to perform services for Geneva® clients. All Premier Consulting Partners are screened by Advent Professional Services and Product Development and are required to achieve Geneva® certification.
About Sapient Global Markets:
Sapient Global Markets, a division of Sapient® (NASDAQ: SAPE), is a leading provider of services to today’s evolving financial and commodity markets. We provide a full range of capabilities to help our clients grow and enhance their businesses, create robust and transparent infrastructure, manage operating costs, and foster innovation throughout their organizations. We offer services across Advisory, Analytics, Technology, and Process, as well as unique methodologies in program management, technology development, and process outsourcing. Sapient Global Markets operates in key financial and commodity centers worldwide, including Boston, Chicago, Houston, New York, Calgary, Toronto, London, Amsterdam, Düsseldorf, Geneva®, Munich, Zurich, and Singapore, as well as in large technology development and operations outsourcing centers in Bangalore, Delhi, and Noida, India. For more information, visit www.sapientglobalmarkets.com.
Sapient is a registered service mark of Sapient Corporation.
Geneva®, a global investment management and accounting platform, is a proven solution for asset managers, hedge funds, fund administrators, prime brokers, and mutual funds that require a high level of operational efficiency and easy access to real time data. Geneva® offers comprehensive instrument coverage, full financial general ledger, and industry-standard integration tools enable firms to manage complex investment vehicles, multiple investment strategies, and tiered fund structures.
Advent Software, Inc. (www.advent.com), a global firm, has provided trusted solutions to the world’s leading financial professionals since 1983. Firms in over 60 countries use Advent technology and manage investments totaling nearly US $18 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 Service Capability and Performance certification for being a world-class support organization.
Advent and Geneva are registered trademarks of Advent Software, Inc. All other company names or marks mentioned herein are those of their respective owners.
Sapient Global Markets
Horn Group for Advent Software, Inc.