"We are very excited about this next step in Advent’s evolution into European markets. The Scandinavian team has done a terrific job of introducing Advent solutions to the European marketplace, has demonstrated a strong ability to meet the specific demands of clients in their local market, and has built an attractively profitable business," said Irv Lichtenwald, Chief Financial Officer of Advent Software. Major Scandinavian clients include Jyske Bank in Denmark, Acta in Norway, and Skandinaviska Enskilda Banken AB in Sweden.
"Because of the strong product offering and continual support we have received from Advent Software since the beginning of our relationship, we’ve been able to fully concentrate our attention on building a successful business in Scandinavia," said TorbjÃ¸rn Tenmann, Chief Executive Officer of Advent Europe. "Advent’s solutions are in demand in Europe and we look forward to further growing Advent’s European presence."