SOURCE: Advent Software, Inc.
NEW YORK, NY and SAN FRANCISCO, CA--(Marketwire - Nov 27, 2012) - Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services for the global investment management industry, and IntraLinks® (NYSE: IL), a leading, global technology provider of inter-enterprise content management and collaboration solutions, today announced that the two companies have worked together to create an interface between Tamale RMS® and IntraLinks. The new interface offers enhanced information automation and saves multi-manager organizations tremendous time with their research and due diligence processes.
Advent's Tamale RMS® is the only RMS to offer the IntraLinks service to its multi-manager clients. The robust interface:
- Enables automatic transfer of monthly documents from hedge fund and private equity managers to Tamale RMS®, categorized according to the client's preferences,
- Eliminates multiple extra steps and manual data entry to add the necessary data into a single system of record for research (Tamale RMS®), and
- Automates due diligence processes with Tamale RMS® audit reporting to allow investment managers to focus on higher value-added work, such as increasing returns for their investors.
Over 100,000 global limited partners, including endowments, foundations, funds of funds and other investor organizations, use IntraLinks to download private equity and hedge fund monthly updates from over 500 alternative asset firms, such as private equity and hedge fund managers. In addition, nearly all of Advent's multi-manager clients that have a private equity or alternatives arm already have an existing relationship with IntraLinks to download their monthly letters, statements, audited financials and marketing materials. With this new offering, managers can now streamline the process of attaining data from disparate hedge fund and private equity managers via IntraLinks, and deposit and categorize them directly into Tamale RMS®.
"As a client of both Advent and IntraLinks, we were excited to learn about the announcement -- the relationship signifies the two companies' commitment to support our team's ability to make well-informed and timely decisions," said Elizabeth Cohen, Investment Operations, Spider Management Company, LLC of the University of Richmond.
"Advent is committed to its strategic data relationships to help our clients succeed in their businesses and achieve their goals," said Chris Momsen, Executive Vice President of Global Sales and Product Solution Strategy. "Advent is taking significant steps to stay ahead of the industry by offering even more value to clients. Our commitment to providing additional benefits via relationships with top solution and service providers is a testament to our focus on helping our clients make better-informed decisions enabling them to provide excellent client service, which leads to the growth of their businesses."
"We are excited by our agreement with Advent," said Rainer Gawlick, Chief Marketing Officer at IntraLinks. "The interface between IntraLinks and Tamale is another demonstration of IntraLinks' commitment to serving the investment management industry. We view this relationship as a key element in providing fund managers and their investors with best-of-breed communication and information management tools."
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. 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.
IntraLinks Holdings, Inc. (IL) is a leading, global technology provider of inter-enterprise content management and collaboration solutions. Through innovative Software-as-a-Service solutions, IntraLinks solutions are designed to enable the exchange, control, and management of information between organizations securely and compliantly when working through the firewall. More than 2 million professionals at 800 of the Fortune 1000 companies depend on IntraLinks' experience. With a track record of enabling high-stakes transactions and business collaborations valued at more than $19 trillion, IntraLinks is a trusted provider of easy-to-use, enterprise strength, cloud-based collaboration solutions. For more information, visit www.intralinks.com.
About Spider Management Company
Spider Management Company, LLC is a registered investment advisor located in Richmond, Virginia. Founded in 2001, Spider Management provides investment management services to endowments and foundations, one of which is the University of Richmond