Olympia Capital Companies Select Advent Software to Support Their Administrative Services to the Alternative Investment Industry


The Olympia Capital Companies, providers of administration services to the alternative investment fund industry, and Advent Software, Inc. (NASDAQ: ADVS), the leading provider of software and services to the investment management industry, today announced that Olympia Capital has contracted to license Advent’s Geneva® and Advent Partner®.

Olympia will begin introduction of the Geneva® platform in the second quarter of 2007 with Advent Partner® being introduced in the third quarter. Clients will benefit from the use of Advent’s leading-edge technology and its support for complex alternative investment instruments, which will significantly enhance the outstanding service Olympia already provides. Olympia Capital’s offices in Bermuda, Dublin, Halifax, New York and Toronto will all participate in the new product lineup.

Raymond Morrison, Chief Operating Officer of Olympia Capital International, said, “We believe that Advent’s Geneva® platform is the most comprehensive portfolio accounting system available to hedge fund administrators and it will allow us to maintain a high level of control and operational efficiency. Olympia Capital has always strived to provide our clients with the highest level of service and the move to Geneva® and Advent Partner® represents a considerable step forward for us in terms of the technology solution we offer to our clients and it will enable us to take our services to a whole new level.”

“The new relationship with Advent provides Olympia with the world-class Geneva® and Advent Partner® products,” said Charles Leone, Chief Operating Officer, Olympia Capital Associates, L.P. “This offering further enhances our commitment to provide quality administration services and innovative solutions to our clients. In addition, our deployment of these products on new systems in enterprise-class data centers under a managed hosting environment substantially upgrades the quality, availability and protection of our IT infrastructure.”

“Advent is very pleased to welcome Olympia Capital as a new client in the competitive fund administrator market,” said Chris Momsen, Vice President and Co-Head of Advent’s Global Accounts business unit. “As one of the fastest-growing fund administrators in the business, Olympia Capital will benefit from Geneva®’s scalable, real-time architecture and comprehensive instrument coverage, as well as Advent Partner®’s onshore and offshore investor servicing for their global client base. Advent’s solutions enable fund administrators to efficiently deliver accurate, reliable accounting services to the most complex alternative asset funds.”

Become a bobsguide member to access the following

1. Unrestricted access to bobsguide
2. Send a proposal request
3. Insights delivered daily to your inbox
4. Career development