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Fascet LLC Authorized as Hosting Provider for Advent Software Products

Fascet LLC, a leading financial technology solutions provider, announced today that it has become an authorized hosting provider of Advent Software, Inc. (NASDAQ:ADVS), a leading provider of software and services for the global investment management industry.  As part of the relationship, Fascet is now an authorized provider of managed hosting services to firms that use Advent’s award-winning solutions for portfolio management, reporting, accounting, trading, compliance, margin and finance management, and other critical functions.

Fascet’s Platform-as-a-Service (PaaS) hosting and distribution model, in conjunction with a twelve year track record of working with Advent clients and solutions, creates a highly scalable trading and operations infrastructure for investment managers. Clients will pay a single, predictable monthly amount for all of the system administration, server hardware, disaster recovery, server monitoring, and server software licensing required for optimal performance of Advent’s solutions. Additionally, Fascet provides a unique support model where client service requests are resolved by Fascet’s Advent-certified consultants.

“We are excited about this new relationship with Advent because it allows us to combine our experience managing private cloud infrastructures with our in-house Advent product expertise.  This ability to offer both hosting and application support enables us to provide a superior client service experience.” said Brian Baskinger, Founder and Senior Partner of Fascet, LLC.

“Our collaboration with Fascet is a great example of Advent’s commitment to continuously finding ways to improve client experience and accessibility,” said Chris Momsen, EVP, Sales and Solutions Management, Advent Software. “We are pleased to name Fascet as one of our authorized providers and look forward to a productive relationship that benefits our mutual clients.”