Advent Named ‘Best Technology Provider’ and ‘Global Securities Services Technology Vendor of the Year’
San Francisco and London – 28 May 2009
Advent Recognized by HFMWeek and International Custody & Fund Administration Magazine
Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services for the global investment management industry, today announced that it has been named ‘Best Technology Provider’ by HFMWeek and ‘Global Securities Services Technology Vendor of the Year’ for the second consecutive year by International Custody & Fund Administration Magazine (ICFA).
"Advent is honored to be named both ‘Best Technology Provider’ and “Global Securities Services Technology Vendor of the Year,’ said Stephanie DiMarco, Founder and Chief Executive Officer of Advent. “Advent continues to invest in innovation and deliver products the market needs, and the current volatility has served to highlight just how important our solutions are to this constantly evolving industry. More than 4,500 investment firms rely on Advent solutions and services to increase operational efficiencies, improve compliance, reduce risk and drive investor confidence.”
Added DiMarco, “We were very pleased to see that many Advent clients were HFMWeek and ICFA award recipients and nominees in their respective categories, and we also congratulate them on their achievements.”
HFMWeek’s service provider awards recognize companies that have outperformed their peer group over the course of 2008/2009. They are judged both quantitatively and qualitatively, producing a list of winning companies that have demonstrated financial progress, growth and genuine innovation. The ICFA global awards recognize and highlight excellence and specific achievement of key service providers throughout the international asset servicing industry. The awards are designed to acknowledge and promote service providers that can demonstrate the very highest levels of quality and consistency at an international level with improved products and services.
These awards are the latest in a series of recent industry recognition for Advent that includes: Best Buy-Side Fund Accounting System and Best Buy-Side Client Reporting System, Buy-Side Technology and FinTech Top 100, American Banker and Financial Insights.