Awards confirm Advent’s position as one of the MENA region’s leading technology providers helping investment managers improve their business
Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services for the global investment management industry, today announced that it has been selected for the second straight year as the “Best Fund Accounting and Reporting Software Provider” and the “Best Portfolio Management Software Provider” in the 2014 MENA Fund Manager (FM) Fund Services Awards recently held in Dubai.
The panel of judges, which recognized Advent Software in two of the categories, stated that the awards were a result of Advent’s expertise in providing software solutions to the world’s leading fund management companies in the MENA (Middle East and North Africa) region. James Brockett, one of the judges and editor of Mena Fund Manager, commented: “Congratulations to Advent Software on their double win in the portfolio management and fund accounting & reporting software provider categories at the MENA FM Fund Services Awards. Our awards are designed to recognize technology and service providers who have demonstrated growth, client satisfaction, innovation, and adaptability in the last year. Our panel of industry judges unanimously chose Advent against these criteria and noted that they remain one step ahead of the competition in the region.”
Advent established its Middle East operation in 2005 and is now based in the Dubai International Financial Centre, with clients across the MENA region. Advent has local support, consulting and sales teams, and a client base consisting of regional asset managers, banks and family offices. Some examples of Advent’s clients in the region include Saudi Fransi Capital, Emirates NBD, Jadwa Investment, Al Rajhi Capital, EFG Hermes, Beltone Asset Management, NDB Wealth Management, and ANB Invest.
“We are honored to be recognized with these awards from Mena Fund Manager. With more than 30 industry-leading clients in the region, we attribute much of our success to our local presence and deep understanding of regional investment management practices,” said Håkan Valberg, President, Advent Software EMEA. “We are committed to delivering innovative and reliable solutions, and providing excellent support to help our clients’ businesses thrive.”