SAN FRANCISCO, CA and LONDON--(Marketwire - Nov 13, 2012) - Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services for the global investment management industry, today announced that it has been recognized by readers of Hedge Funds Review, a leading global hedge fund magazine, as the number one technology provider for accounting and reporting in the 2012 Service Provider Rankings. The rankings are based on results from a Hedge Funds Review readership survey of hedge fund managers, fund of hedge funds managers and investors to rate service providers to the industry.
"Advent should be proud of its success, which reflects the high caliber of its solutions. The response to the rankings poll was remarkable this year with over half of those voting managing more than $1 billion and almost a fifth over $20 billion. The level of respondents was also high with the vast majority made up of C-level executives," remarked Margie Lindsay, editor of Hedge Funds Review.
"We are honored to be recognized by the readers of Hedge Funds Review for our alternative investments solution. This award is a testament to our efforts and ability to serve the industry's unique needs and requirements," said Pete Hess, President and CEO, Advent Software. "We continue to deliver innovative, reliable solutions to meet the demands of our clients as the financial market and technology evolve. Advent is committed to developing solutions that eliminate boundaries between systems, information and people in order to help our clients thrive by providing them with the tools to make better-informed decisions."
Since 1983, Advent Software has been delivering solutions designed to meet the mission-critical needs of the global investment management industry. Advent's platform for alternative investment managers, which is rooted in the award-winning Geneva®, covers the full spectrum of a hedge fund's business. Geneva® offers front office decision support and portfolio management, middle office automation through trade capture and reconciliation, and full portfolio, fund and back office investor accounting and reporting. Alternative investment firms experience uptime, reliability and scalability with Geneva®, which has been designed to accelerate processes, maximize efficiency, increase transparency and enable informed investment decisions at every level.
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 Geneva are registered trademarks of Advent Software, Inc. All other company names or marks mentioned herein are those of their respective owners.