Panopticon Software, the leading provider of visual business intelligence software, today announced that it has signed an OEM agreement with Advent Software, Inc. (NASDAQ: ADVS). The agreement allows Advent to develop a new visualization module based on Panopticon´s technology for integration into Geneva®, Advent's award-winning global investment management and accounting solution.
Advent has licensed Panopticon's Developer Software Developer's Kit ("SDK"), which provides the ability to use Panopticon's interactive visualization technology in Geneva®. The resulting enhanced Geneva® functionality will improve Geneva®'s end-user capabilities, as well as help expand the audience for which Geneva® is useful.
Todd Gottula, Vice President, Product Development, Client Services, and Support and Co-Head of Global Accounts for Advent, commented, "We selected Panopticon after a careful evaluation of the market for visualization technology. The final decision was based on Panopticon's record of success with SDK-based implementations at leading financial institutions and the results of a technology workshop we complete with the Panopticon people. Enhancing Geneva® will make many of the features of the system more accessible and useful to our hedge fund clients."
Robert Ekström, CEO of Panopticon, stated, "Advent is a great company to work with. Their Geneva® software is well accepted as the leading investment management system in the financial services industry. Adding the Panopticon visualizations to Geneva® is a natural; they will unleash more of the power of the Geneva® software."