Advent Software

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Infobox Company

 Company    Advent Software, Inc. |
 NASDAQ     ADVS) |
 Founding    San Francisco (1983) |
 Location    San Francisco, California, USA |
 CEO         Stephanie DiMarco, Founder
 Industry     financial software [1] |
 Products    See complete products listing. |
 Employees    ~850 (Jan 2006) |
 Homepage     www.advent.com/

[edit] Summary

Advent Software, Inc.

Present Focus

Advent Software Inc. (NASDAQ: ADVS) provides software solutions designed to automate the manual portfolio accounting function for investment management organizations, ranging from family offices and investment advisors to large institutional asset managers and global hedge funds with over US $1 trillion under management.

Advent’s 4,500+ clients are in 60 countries and manage more than US $14 trillion in total. The company has offices worldwide and an annual R&D budget of more than $35 million. In addition to software, Advent also offers professional services through its Consulting Services team to help clients implement and manage their software.

Brief History

Advent was founded in 1983 by Stephanie DiMarco, who leads the company today as CEO.

Advent’s first portfolio accounting product, Axys®, was built specifically for the PC, and later was the first portfolio accounting and reporting solution built on the Microsoft Windows platform. Over the years, Advent has introduced a variety of products to help streamline the investment management business, including Moxy®, the industry’s first trade order management system, which has 750+ clients, as well as products for client relationship management and partnership accounting.

In 1995 Advent introduced Geneva®, its first solution for the global investment accounting industry, providing a solution for the complex needs of investment managers worldwide. Geneva® helps firms account for a broad range of complex instruments, including high volume, traditional, derivative, domestic and global investment strategies. Today, Geneva® has over 100 clients.

In 2005, Advent introduced its next-generation portfolio management platform, Advent Portfolio Exchange® (APX), which fully integrates the front office functions of client relationship management (CRM) with the back office operations of portfolio accounting and reporting. This enterprise solution leverages a single SQL database to deliver critical client information via an easy-to-use browser-based user interface. APX delivers improved client service with enhanced security for today’s amplified compliance environment.

In 2007, the company launched a new product for billing and revenue management, Advent Revenue Center™, and plans to introduce a new solution for pre- and post-trade compliance later this year.

In both 2005 and 2007, Advent was included on the “100 Best Corporate Citizens” list by Business Ethics Magazine (now CRO). The company was recognized for its commitment to higher standards, specifically in the areas of community, governance, diversity and employees.

For two consecutive years, Advent’s Investment Management Group (IMG) Client Support organization has achieved certification in the prestigious Support Center Practices (SCP) certification program. SCP certification quantifies the effectiveness of customer support, based on a stringent set of performance standards, and represents best practices in the industry.

Advent Software Products

Advent offers a series of products for specific markets, including portfolio management, reporting and accounting, trading and order management, partnership accounting and straight through processing. Key products include:

Geneva®: $20 billion+ under management: Portfolio accounting and reporting platform for global investment firms that gives real-time information and the back-office power, efficiency, and ease-of-use to integrate with other systems. With Geneva®, firms are reporting cost savings of up to 40 percent across their operations.

Advent Portfolio Exchange® (APX): $750 million-20 billion under management: Next-generation product that combines the front-office functions of prospecting, marketing and CRM, with the back-office operations of portfolio accounting and reporting, in a single platform. Delivers greater operational efficiency, enhanced client service, greater speed and accuracy, improved compliance and security, and lower operating costs and risks.

Axys®: Up to $750 million under management: Enables back offices to scale operations as business grows with minimal increases in staffing requirements. Easy-to-use custom report writing capabilities allow users to create their own reports eliminating the need to involve IT resources. The product supports different investment styles so that firms can make an investment in tools that grow with them.

Key Facts

• Offices in San Francisco (HDQTRS), New York, Boston, London, Switzerland,Sweden, Norway, Dubai, Greece, Denmark, The Netherlands

• 1,000 plus years of product development experience on Advent’s development team

• In 2006, Advent spent 19 percent of revenues on R&D

• The average tenure of Advent’s customers is ten years

• Advent has 4,500 clients in 60 countries that manage almost US $14 trillion in investments

• More than 500 hedge funds use Advent products, including 15 of the world’s largest

• Eight of the top 10 global prime brokers and eight of the top ten fund administrators use Advent products

• More than 150 bank and trust institutions rely on Advent’s proven investment management tools

• More than 200 family offices rely on Advent’s accurate reporting and improved client service

[edit] Advent Software

Type: Public, (NASDAQ: ADVS)

Founded: 1983

Headquarters: San Francisco, California, USA

Key people:

             Stephanie DiMarco, CEO
             Graham Smith, CFO
             John Brennan, VP of Human Resources
             Lily Chang, Executive VP and CTO
             Will Clemens, VP, Straight Through Processing
             Todd Gottula, VP and Co-Head, Global Accounts
             Peter Hess, Executive VP and GM, IMG
             Chris Momsen, VP and Co-Head, Global Accounts
             Gail Schulman, Executive VP, Strategic Business Development
             Anthony Sperling, SVP, Services

Industry: Investment Management Technology

Porfolio: Advent Portfolio Exchange®, Axys®, Geneva®, Moxy®, Advent® Custodial Data, Advent Corporate Actions®, Advent® Back Office Service, Advent® Wealth Service, Advent Partner®, Advent Revenue Center™

Revenue: $184.1 million (FY2006, ended 12/31/06)

Employees: 800+

Website: www.advent.com