SAN FRANCISCO, CA and HONG KONG--(Marketwire - Apr 1, 2013) - Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services for the global investment management industry, today announced that Advent was awarded for 'Excellence in Alternative Investments' in the category of 'Technology Provider' during the 3rd annual International Alternative Investment Review (IAIR) Hedge Fund Awards, which took place in Hong Kong. The annual award recognizes Advent's track record as one of the most innovative companies transforming the global alternative investments industry.
The IAIR Awards are awarded to companies for excellence in global finance and economy. The rankings are based on results gathered from a committee of representatives from IAIR and International Family Office Magazine, along with a team of dedicated legal, economic and financial journalists in over 50 countries worldwide.
According to Guido Giommi, Chairman of IAIR, "Advent was honored for its leadership in providing the most innovative solutions for investment management firms worldwide since 1983. It has been influential in the development of the alternative investments market thanks to the company's ability to understand business challenges and provide quality software and services."
Advent provides solutions for the broad spectrum of the investment management industry including asset managers, wealth managers, sovereign wealth funds, hedge funds and traditional fund managers in Asia and around the globe. From decision support and portfolio management, through trade capture and reconciliation, to investor accounting and reporting, firms can choose the specific functionalities they need to ensure the long term success of their business. These features make Advent attractive to financial firms of all sizes that are looking to improve client service, enhance operational performance and comply with regulatory standards.
Advent initially set up its Asia-Pacific (APAC) headquarters in 2009 in Beijing, and the office currently has approximately 80 employees focused on business development, consulting, and support services. This was followed by the opening of regional offices in Hong Kong in July 2009 and Singapore in May 2010. Today, Advent has over 50 clients in the APAC region, including Myriad Capital Management, CITIC Securities, UBS Wealth Management, Matthews International Capital Management and Temasek Sovereign Wealth Funds.
"We're thrilled to be recognized by the IAIR for our alternative investments solution. This prestigious award is a testament to the difference we make by delivering innovative solutions that solve our clients' most pressing business needs," said Chris Momsen, Executive Vice President, Sales and Solutions Management at Advent. "Advent is committed to eliminating boundaries between systems, information and people in order to help our clients thrive by providing them with the tools to make better-informed decisions. We're always looking to stay a step ahead by delivering time-saving, critical solutions to hedge fund managers that will take their business to the next level."
For more information about the IAIR Awards, please visit www.iairawards.com
Advent Software, Inc. (www.advent.com), a global firm, has provided trusted solutions to the world's financial professionals since 1983. Advent's proven solutions can increase operational efficiency, reduce risk, and eliminate the boundaries between systems, information and people so you can focus on what you do best. With more than 4,500 client firms in over 60 countries, Advent has established itself as a leading provider of mission-critical solutions to meet the demands of investment management operations around the world. 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.
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