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Trident Fund Services Selects Advent to Support Private Equity, Onshore and Offshore Fund Accounting

Leading Firm Improves Efficiencies Through Single Platform For Portfolio Management, Investor Accounting and Servicing with Geneva® World Investor

Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services for the global investment management industry, and Trident Fund Services, a long-standing Advent client, announced today that Trident Fund Services has extended its capabilities by adding the Geneva® World Investor module to its existing implementation of Geneva®. Trident Fund Services leverages the Geneva® platform to provide integrated portfolio management and investor servicing across private equity, real estate and hedge fund clients.

“A robust, integrated technology platform underpins our ability to provide high-quality, tailored, cost-efficient fund administration services to our clients, whatever their specific requirements. We chose Geneva® World Investor for its strong integration, automation, onshore and offshore investor level accounting, and the ability to deliver complex reporting to private equity and hedge fund clients,” said Rick Gorter, Managing Director, Trident Fund Services, Cayman Islands.

As a module available with Geneva®, Geneva® World Investor helps Trident Fund Services achieve greater transparency and fully support onshore and offshore investors while allowing for a flexible yet streamlined workflow with multi-class, multi-series accounting features. By managing complex, unlimited fund structures on an integrated platform, Trident Fund Services is able to offer more dynamic reporting and services to its clients. Geneva® World Investor improves efficiencies across asset classes such as private equity and funds of funds, and provides clients with powerful tools, including capital commitment and call processing, waterfall calculations, capital distributions, performance fee calculations and on-demand reporting with minimal cost and disruption to fund administrator’s processes.

“Our experience working with clients across the alternative investment industry, including fund administrators, allows us to build highly reliable solutions that are designed to meet the unique needs of hedge fund and private equity investor clients. Trident Fund Services’ implementation of Geneva® World Investor lowers operational risk associated with manual data entry by fully automating processes from trade lifecycle management to investor servicing and reporting,” said Chris Momsen, Senior Vice President and General Manager, Global Accounts and Tamale, Advent Software. “We continuously strive to deliver innovative solutions that improve and elevate the client experience and enable our clients to succeed and thrive.”

Brenda Mauro, Head of Business Development, North America, Trident Fund Services, added, “It is our priority to provide our clients the most efficient and scalable technology solutions available. Our fund clients now have the benefit of a fully integrated system with the addition of the Geneva® World Investor module to our existing Geneva® implementation. Because we’ve had a long standing relationship with Advent, we know that this new solution feeds well into Trident’s proprietary components, and will deliver more value to the funds we serve.”