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Advent clients can choose from a variety deployment options for APX, including on-site installation, managed hosting or a fully outsourced environment with reporting and reconciliation services. The 500 APX clients are comprised of a wide range of investment management firms in 30 countries, including wealth managers, asset managers, family offices, independent advisors, trusts, broker dealers and hedge funds, managing assets from $25 million to over $100 billion.
Commented Aite Senior Analyst Denise Valentine, "Portfolio management systems serve as the core infrastructure to many investment management firms. In today's complex and competitive business environment, these firms can face difficult choices regarding available resources. Technology vendors that offer options in deployment methods and support services give clients the flexibility to modify their relationship to reflect unique circumstances. It's a win for both parties."
"We are thrilled to reach this significant milestone, which is a testament to APX's industry-leadership," said Anthony Sperling, Senior Vice President and General Manager of Advent's Investment Management Group. "Since its launch in late 2005, APX has been very well-received by the investment management community as firms look to improve their operational infrastructure and enhance client service. With a choice of flexible deployment options, APX supports a wide range of firms with different needs and business models; and we continue to invest heavily in the product, making technological advancements that allows for increased functionality and scalability to meet the unique and evolving needs of today's investment management firms."
APX continues to attract attention with industry recognition. Recent awards include: Best Portfolio Management System, Waters Magazine and Best Buy-Side Client Reporting System, Buy-Side Technology.
About Advent
Advent Software, Inc., a global firm, has provided trusted solutions to the world's financial professionals since 1983. Today firms in 60 countries rely 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 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. For more information on APX visit https://secure.advent.com/info/pr_apx.
Forward-looking Statements
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 continued sales of existing products, market acceptance of new products, the impact of initiatives by competitors, changes in market 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 2008 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.
The Advent logo, Advent Software and Advent Portfolio Exchange are registered trademarks of Advent Software, Inc. All other company names or marks mentioned herein are those of their respective owners.
Contact: Jessica Miller Advent Software, Inc. (415) 645-1668 Email Contact
SOURCE: Advent Software, Inc.
http://www2.marketwire.com/mw/emailprcntct?id=A346FF52710C4057
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