Advent Announces Alliance with Light[port] to Offer Clients Expanded Web-based Reporting Capabilities
Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services for the global investment management industry, today announced that it has entered into an agreement with LIGHT[PORT], Inc., a leading provider of client web reporting solutions for asset managers and advisors.
Through this alliance, LIGHT[PORT]’s solution is available to Advent clients using Advent Portfolio Exchange® (APX), Advent’s integrated portfolio and client relationship management solution, or Axys®, its turnkey portfolio accounting and reporting solution. These clients can easily set-up automated, web-based reporting for their clients via their own custom portal. These portals can be added to an existing website or can be built as standalone sites. LIGHT[PORT] supports integration with locally installed APX and Axys®, or with APX through Advent OnDemandSM, which delivers Advent solutions via the Software-as-a-Service model.
“Advent understands the importance of offering our clients multiple report delivery options. This new relationship with LIGHT[PORT] will provide Advent customers with a customizable and cost-effective option for creating personalized content and delivering exceptional service to their clients,” said Chris Flynn, Vice President of Product Management and Marketing at Advent. “LIGHT[PORT] has a proven track record of providing secure web delivery services to over 500 firms, many of which are already Advent clients, and we are pleased to bring additional benefits to our customers through this alliance.”
“LIGHT[PORT] has a long history of working with Advent clients, so we’re especially excited about this alliance. We saw it as an ideal opportunity for raising market awareness of our new suite of Client Portal options released in 2009,” said Jonathan Bentley, Chief Executive Officer of LIGHT[PORT]. “Our ability to automate web reporting for APX and Axys®, for a low monthly fee per client, allows firms increased client communication in a very cost-effective way.”
Concluded George McLaughlin, Director of Alliances at Advent, "Advent’s relationship with LIGHT[PORT] demonstrates our commitment to continue building a network of proven Alliance Partners to support our large and diverse client base and their business objectives. We are very pleased to continue to offer our customers further value, flexibility and choice through these relationships.”
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