LONDON and SAN FRANCISCO – February 27, 2009 – Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services for the global investment management industry, today announced that Vistra Fund Services has selected Advent Partner® World Investor, its recently launched comprehensive solution for global investor accounting and servicing for both onshore and offshore funds, and Geneva®, its award-winning real-time global portfolio management solution.
With offices in 10 jurisdictions, the Vistra Group is a global provider of wealth protection services and cross-border structuring for private and institutional clients. Due to an increasing demand from both existing and potential clients for high quality fund administration, The Vistra Group launched Vistra Fund Services. Based in the firm’s Luxembourg and Jersey offices, Vistra Fund Services is specialized in structuring and administrating alternative investment funds such as hedge funds, private equity and distressed land and property funds.
To support its plans for expansion, Vistra Fund Services needed a proven, scalable platform that would facilitate its growth, while delivering professional and high quality client service. Vistra Fund Services turned to Geneva® and Advent Partner® World Investor to achieve this objective. The powerful combination of both solutions streamlines accounting and enables Vistra Fund Services to deliver on its promise of highly personalized client service.
“We selected Advent Partner® World Investor and Geneva® because we needed a robust, fully integrated and reliable platform to accommodate high standard of service we want to provide to our clients,” said Bart Deconinck, CEO of the Vistra Group. “We have seen an increase in demand for bespoke and high quality hedge fund administration services and reporting for both existing and potential clients. Advent’s long and successful track record as a market leader in the space made them the only option for us, and will attract quality investors onto our books.”
Hakan Valberg, Senior Vice President and General Manager, Advent Software EMEA commented, “We are very pleased that Vistra Fund Services has selected Advent Partner® World Investor and Geneva® to support their future growth. The seamless integration of the two solutions helps funds of all sizes and complexity achieve greater accuracy, support both onshore and offshore investors and meet comprehensive reporting requirements. Together, Advent Partner® World Investor and Geneva® provide the solid infrastructure that firms need to manage and grow their business.”
About Advent Partner®
Advent Partner® World Investor is a single source solution for onshore and offshore investor accounting and servicing. It integrates with Axys, APX and Geneva. This product is specifically designed for hedge funds, family offices, fund administrators, and accounting firms that face the complex and time-consuming task of consistently and accurately accounting for and reporting on investor contributions and redemptions, capital gain/loss and income allocations, and management incentive fees. In addition, Advent Partner provides comprehensive economic and tax allocation reporting and streamlines the production of US K-1 partnership tax returns.
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 to enable firms to manage complex investment vehicles, multiple investment strategies, and tiered fund structures. For more information on Geneva® visit https://secure.advent.com/info/pr_geneva.
Advent Software, Inc. (www.advent.com), a global company, has provided trusted solutions to the world’s leading financial professionals since 1983. Firms in 60 countries use Advent technology. 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. For more information on Advent products visit http://www.advent.com/about/resources/demos/pr.
The Advent logo, Advent Software, Advent Partner and Geneva are registered trademarks of Advent Software, Inc. All other company names or marks mentioned herein are those of their respective owners.
Vistra Fund Services Limited - Jersey
Tel: +44 1534 504700
Dir: +44 1534 504746
Mobile: +44 7797 761862
Vistra Fund Services Limited - Luxembourg
Tel: +352 422 229 215