Advent Software, Inc., (NASDAQ: ADVS), the leading provider of solutions to the global investment management industry, today announced a new partnership to extend its activities in the Middle East, particularly in the growing Saudi Arabian market. SISCOM is one of the leading professional services firms in the region providing consulting and systems integration services.
Advent has developed a growing client base in the Middle East with over 20 private banks, wealth managers and family offices using its market leading investment management solutions. To support this continued growth, Advent recently opened an office in Dubai, at the Dubai International Financial Centre (DIFC). The new office will be used by local support and sales staff who will serve the region.
"We are impressed by Advent solutions, and we are delighted to have the opportunity to work with Advent in developing a strong partnership not only in Saudi Arabia but throughout the Middle East," said Bishr Al-Madani, Marketing Director at SISCOM. "SISCOM is an established and trusted strategic partner to many leading financial organizations in the Middle East. Adventâs solutions offer a strong value proposition by helping firms streamline their investment operations, making them an ideal partner for SISCOM," said Al-Madani.
"This new partnership with SISCOM builds on the recent opening of our Dubai office and confirms Adventâs long-term commitment to the region as we work with local firms," said HÃ¥kan Valberg, General Manager EMEA. "We have been growing our market share in the region over the last two years, and we see the rapidly changing market in Saudi Arabia as a good opportunity."
"SISCOM complements our ability to enable firms to better address complex business challenges of improving efficiency, competitive advantage and profitability," continued Valberg.