LONDON and SAN FRANCISCO – March 11, 2008 – Advent Software, Inc., (NASDAQ: ADVS), the award-winning provider of software and solutions for the global investment management industry, today announced that SHUAA Capital psc has expanded its use of Advent’s solutions.
Dubai-based SHUAA Capital is one of the leading financial services organizations in the Gulf Cooperation Countries (GCC). It has a regional presence in the GCC and Turkey, and it is the largest investment banking institution in the UAE by market share, with total client assets under management in excess of US $4 billion. SHUAA Capital was named “Best Equity House in the UAE” by Euromoney in its 2007 and 2004 Awards for Excellence.
“Advent offers functionally rich, robust and cost-effective software solutions that meet our operational requirements,” said Samer Hamwi, Chief Information Officer of SHUAA Capital. “As we expand our footprint in the GCC and beyond, we are confident that Advent is a solid technology partner.”
“We are thrilled that SHUAA Capital has opted to expand its relationship with Advent,” says Håkan Valberg, Senior Vice President and General Manager, Advent Software EMEA. “Having one of the largest asset managers in the region choose Advent to meet its current and future infrastructural requirements, demonstrates our ability to support institutions in the region. As our Middle Eastern client base continues to grow, Advent’s investment in products and local presence in the region will continue to be a top priority,” concluded Valberg.
Advent Software, Inc. (www.advent.com), a global firm, has provided trusted solutions to the world’s leading financial professionals since 1983. Firms in 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.
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 continued sales of existing products, market acceptance of new products, the impact of initiatives by competitors, challenges in expanding international operations and other risks detailed in Advent’s most recent filings with the Securities and Exchange Commission, including, but not limited to, its quarterly reports on Form 10-Q and its 2006 annual report on Form 10-K/A, 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.
Advent is a registered trademark of Advent Software, Inc. All other company names or marks mentioned herein are those of their respective owners.
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