SAN FRANCISCO, Ca., January 11, 2005 â Advent Software, Inc. (NASDAQ: ADVS) announces that the financial services division of Kaufman, Rossin & Co., a Florida-based certified public accounting firm with clients in two dozen countries, has licensed Adventâs GenevaÂ® for its fund administration business. Kaufman, Rossin joins a growing list of the worldâs leading firms using GenevaÂ®, including six of the top 10 global fund administrators.
GenevaÂ® is the industryâs premier global investment accounting solution. It solves the complex challenges faced by global asset managers, mutual funds, hedge funds, fund administrators and prime brokers, with speed and efficiency unmatched in the marketplace today. GenevaÂ® features a large inventory of security types and transaction coverage, helping firms react to changes in business climate by handling both existing and future investment opportunities.
Kaufman, Rossinâs fund administration business serves funds of all sizes, styles and strategies. The firm has selected GenevaÂ® to meet the needs of its growing client base efficiently. Kaufman, Rossinâs professionals chose GenevaÂ® for its ability to fulfill the requirements of its sophisticated global client base, including its handling of complex financial instruments, fund structures, and custom reporting requests. The firm will integrate GenevaÂ® with their straight-through-processing (STP) infrastructures.
"One of the reasons clients choose Kaufman, Rossin is because of our customer service commitment. They expect us to have the flexibility to quickly and professionally meet their changing needs," said Keith Sharkey, Kaufman, Rossin financial services principal. "We wanted the best for our clients so we selected the best technology. With the dramatic expansion in the hedge fund industry, the increasingly diverse array of global financial instruments, and investor demands for transparency, we must be even more flexible and responsive. GenevaÂ® will help us take our service to the next level, to continue to exceed our clientsâ expectations on a global scale."
"Fund administrators are a critical component to the hedge fund industry, and their growth is only fueling the many achievements the industry is now witnessing. Our goal is to continually meet the evolving needs of this industry, and provide the most sophisticated, reliable technology on which they run their business. Weâre very pleased to have Kaufman, Rossin on board," said Peter Hess, senior vice president and general manager for Adventâs global accounts business.