Advent Software, Inc. (NASDAQ: ADVS), the leading provider of software and services to the investment management industry, announced today that LaCrosse Global Fund Services has recently implemented Geneva® as a central component of its technology infrastructure to its clients in North America, Europe and Asia.
LaCrosse has 10 global offices providing operations, middle-office and administration services to the alternative investment industry. Its clients utilize a broad range of investment strategies, including equities, fixed income, foreign exchange, credit instruments, distressed debt, commodities, emerging markets and related derivatives.
“We needed a core investment management and accounting platform that could support our growing business,” said LaCrosse Co-Chief Executive Officer Stuart Feffer. “We chose Geneva® because it handles complex securities and fund structures very well, with full financial accounting. It also is a system that has proven to be highly scalable for large trade volumes.”
Used by eight of the top 10 fund administrators in the world, Geneva® is the leading global investment management and accounting platform for the alternative investment industry. Geneva® will help LaCrosse deliver client solutions that save time, cut costs and improve management and investor reporting.
“It was important to us that Geneva® was easy to install and integrate within our technology infrastructure. The depth and experience of the Advent team allowed us to get up and running quickly so we could offer the highest level of service to our clients,” continued Lacrosse Co-Chief Executive Officer Christopher Kundro.
“Advent is happy to welcome LaCrosse as one of our newest fund administrator clients,” said Vice President, Global Accounts Co-Head Chris Momsen. “Geneva® is an excellent fit for companies like LaCrosse that want to grow their business without increasing staff. Our implementation consulting team was successful in meeting the timetable for going live on the new LaCrosse system.”