Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services for the global investment management industry, today announced that more than 40 Geneva clients are now leveraging Advent’s Authorized Hosting Providers to provide both hardware hosting and implementation services for Geneva, Advent’s award-winning portfolio management and fund accounting solution.
Hosting providers include FusionStorm, Generic Network Systems, GlobeOp, InfoHedge Technologies, Matsco Solutions and Paladyne Systems, Inc., and offer a wide range of services for Advent Geneva clients, including full or managed hosting, disaster recovery and configuration management/delivery.
Specifically, Geneva is licensed directly from Advent, and clients that prefer a hosted environment may leverage one of Advent’s hosting providers. These clients benefit from the unparalleled scalability, operational efficiencies and 24/7 support that Geneva provides, without having to dedicate resources to application support and hardware management. Advent’s hosting providers offer Geneva clients a cost-effective alternative to maintaining their own IT infrastructure.
Rick Gorter, Managing Director at Trident Trust Company, commented, “We have sought to partner with Advent’s IT service providers specializing in Geneva® in order to leverage the expertise and experience they have garnered from supporting Advent products over an extended period and across a diverse client base. This enables us to focus on our own areas of efficiency and expertise without having to ‘reinvent the wheel,’ and avoids the additional administrative burden of bringing such support in house.”
"We chose to team with industry leading firms to give our Geneva clients a choice of providers and a range of service levels. Through these relationships, we believe that we are offering the industry comprehensive options ranging from technical hosting all the way to full managed outsourcing around the globe,” said Todd Gottula, Senior Vice President and General Manager of Global Accounts at Advent. “The ability to leverage Geneva® through a Software-as-a-Service model is a significant value proposition for hedge fund managers and allows them to focus on business activities rather than maintenance of an infrastructure team within their IT organization.”
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