Advent Continues Worldwide Growth With Award-Winning Portfolio Management Solution
Release of Geneva(R) 10.0 Includes Powerful Compliance, Accounting, and Reporting Enhancements to Meet Firms' Needs Around the World
SAN FRANCISCO, CA--(Marketwired - Sep 19, 2013) - AdventConnect 2013 -- Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services for the global investment management industry, today announced that Advent's award-winning global portfolio management solution, Geneva®, continues to expand its global client base while delivering the latest version -- Geneva® 10.0 -- with enhancements supporting the global and local needs of firms.
Geneva® is now relied on by more than 300 clients worldwide, including top-tier asset managers, hedge funds and service providers. In the past two years, the solution has experienced significant growth across South America, the Asia Pacific region, Europe, and the Middle East. Recent clients including CITIC Securities, a hedge fund based in Hong Kong, Moneda Group, based in Chile, and Brazilian firm Vinci Partners.
"We're committed to expanding our expertise on a global scale and we've added more than 200 clients around the world in the past five years," says Chris Momsen, Executive Vice President, Sales and Solutions Management at Advent. "We understand the needs of our clients in the different regions and continue to build additional capabilities to meet these requirements. The ability to deliver on-the-ground support along with deep, local expertise and knowledge allows us to develop the solutions our clients need to help them grow and thrive in their market."
"We found Advent's global presence and world-class solutions helped them to deliver proven results on a local level here in Brazil," says Marcos Viriato, Associated Partner, responsible for Operations, IT and PMO at BTG. "And we benefitted immediately because Advent understands the complexity of our market. We've been able to eliminate our manual operation routines, automate the back office processes, and grow exponentially without adding any additional staff."
Geneva® 10.0: Powerful Enhancements to Help Firms with Compliance & Reporting
Geneva® has been enhanced to help firms better manage ongoing compliance and regulatory issues while meeting comprehensive reporting requirements that are specific to each particular region. Whether a firm requires a solution to help manage regulations with international reach, such as FATCA, UCITS, AIFMD, Solvency II, and anti-money laundering provisions or US-based regulations, including supporting the Form PF requirement of the Dodd-Frank legislation or the Form 1099 reporting regime brought on by the Economic Stabilization Act, Geneva® can help address firms' changing requirements and better manage their unique regulatory issues on an ongoing basis.
A few highlights of the latest Geneva® 10.0 release include:
- Regulatory and reporting enhancements including new FATCA workflow and reporting, and greater support for IFRS and for firms that report under multiple jurisdictions
- Workflow and automation improvements for the NAV process, pricing, and complex debt and derivatives
- Greater support for additional structures and regions, including native support for Brazilian fixed income and superior Fund of Hedge Fund and Fund of Private Equity Fund tracking and reporting
Advent is showcasing the new Geneva® 10.0 features during the AdventConnect 2013 Conference in San Francisco, which is taking place from September 18 - 20, 2013. Firms will be able to learn more about the latest features and product enhancements, attend informative sessions, and test-drive Geneva® 10.0 along with Advent's other products.
About Geneva®
In a market that calls for quick, informed decisions, Advent's Geneva® empowers fund managers with real-time performance, P&L, position, and exposure information. With comprehensive instrument coverage -- from global equities and fixed income to derivatives and bank debt -- Geneva® supports even the most complex global strategies. It's a leading portfolio management solution for hedge funds, asset managers, hedge fund administrators and prime brokers, as well as private equity and funds of funds. Learn more at www.advent.com/geneva.
About Advent
Over the last 30 years of industry change, our core mission to help our clients focus on their unique strategies and deliver exceptional investor service has never wavered. With unparalleled precision and ahead-of‐the-curve solutions, we've helped over 4,400 firms in nearly 60 countries -- from established global institutions to small start-up practices -- to grow their business and thrive. Advent technology helps firms minimize risk, work together seamlessly, and discover new opportunities in a constantly evolving world. Together with our clients, we are shaping the future of investment management. For more information on Advent products visit http://www.advent.com.
Advent, Advent Software, and Geneva are registered trademarks of, and the Advent logo is a mark of, Advent Software, Inc. All other company names or marks mentioned herein are those of their respective owners.
