SAN FRANCISCO – March 28, 2012 – Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services for the global investment management industry, announced today that Tamale RMS®, the pioneering research management solution (RMS) that is part of the Advent suite, continues to expand its leadership across numerous market segments and geographies. Advent’s Tamale RMS® experienced strong momentum in 2011, with new clients choosing its industry leading RMS system and approximately half of existing clients expanding access to Tamale® to new users and teams in their organizations.
In 2011, approximately half of the Tamale® client base added new seats or teams, making it possible for even more investment management professionals in these firms to realize the benefits of the Tamale RMS® solution. Representative clients added in 2011 include Brinker Capital, Commonwealth of Pennsylvania Public School Employees' Retirement System, Marsico Capital Management, LLC, Oregon State Treasury, Pacific Life Insurance Co., The District of Columbia Retirement Board, TIFF Advisory Services and University of Pittsburgh Medical Center.
“Effective research management is a significant part of our investment process, and Advent’s Tamale® solution has helped us organize, track, access and categorize the information we need to make investment decisions that deliver the most return for the state of Oregon,” said Ben Mahon, public equity investment officer at Oregon State Treasury. “The Tamale® flexible reporting and alerts help us monitor external investment managers and streamline our due diligence process.”
Dushyant Shahrawat, senior research director at CEB TowerGroup said, “Investment firms are rapidly realizing that research management solutions are no longer simply a ‘nice to have.’ The process of managing, sharing and archiving research information is a critical issue that impacts productivity, compliance with new regulations, and eventually investment performance. Research management systems are therefore quickly becoming an essential buy-side application and finding their rightful place among other essential applications like order management and portfolio accounting.”
With greater demands for transparency and disclosure, as well as new regulatory pressures, the investment management industry is increasingly requiring enhanced automation, integration, discipline and organization in investment research processes. In 2011, Advent launched Tamale RMS® 6.0, delivering new tools to help investment firms automate the process of capturing, distributing and searching investment research data. The new version has helped investment professionals to access and manage critical investment data, which can result in improved efficiency and better-informed decisions.
In the past year, Advent continued to expand its Tamale RMS® client base in North America, Europe, Middle East and Asia Pacific, across a wide range of market segments, including asset management firms, hedge funds, wealth management firms, pensions, foundations, endowments, sovereign wealth funds, investment consultants, fund-of-funds and family offices.
“Our clients are quickly realizing how improvements in their research management process can help achieve efficiencies and deliver results for their clients,” said Advent Software’s Chris Momsen, senior vice president and general manager, Global Accounts and Tamale®. “Tamale® delivers value to firms across a diverse range of market segments and geographies. We are committed to helping them leverage technology to support their growth objectives and keep up with regulatory changes.”
About Tamale RMS®
Tamale RMS®, the market’s leading research management system, centralizes a firm’s research and enables investment professionals to spend less time searching for information and more time capitalizing on their ideas. Tamale RMS® brings efficiency and organization to a firm’s research and compliance processes and can be tailored to the varying workflows of each firm to maximize ease of use and adoption. Tamale RMS® is used by thousands of investment professionals around the world and can be accessed anytime, anywhere – from the desktop or on the road. For more information on Tamale RMS®, visit http://www.advent.com/tamale.
Advent Software, Inc., a global firm, has provided trusted solutions to the world’s financial professionals since 1983. Firms in more than 60 countries count 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 operational risks and 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, Advent Software and Tamale RMS are registered trademarks of Advent Software, Inc. All other company names or marks mentioned herein are those of their respective owners.
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 market conditions and developments, expected benefits of new functions, continued sales of existing products, the successful development, timing, anticipated features, functionality and market acceptance of new products and enhancements, the impact of initiatives by competitors, continued uncertainties and fluctuations in the financial markets and economic conditions 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 2010 annual report on Form 10-K, 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.
Horn Group for Advent Software, Inc.
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