GenevaÂ® is Adventâs platform for alternative assets, providing institutional portfolio managers, hedge funds, prime brokers and fund administrators with an integrated accounting solution that supports complex, global investment strategies and high-volume trading in multiple instruments and currencies.
APX is Adventâs next-generation platform, providing institutional and high-net-worth asset managers with the functionality of portfolio management, client management and reporting in a single solution that integrates front and back office functions.
âWeâre extremely honored to have been named the best buy-side technology vendor, and to have our flagship portfolio accounting platforms recognized with top honors. These three awards demonstrate that Advent is successfully addressing a growing need in the investment management industry, where reliable, scalable solutions are vital to the continued growth of buy-side firms," said Stephanie DiMarco, Chief Executive Officer and founder of Advent. âOur expanding client base for APX and GenevaÂ® highlights their status as innovative solutions that are streamlined, efficient and easily configured around the way our customers operate their businesses.â
âWe remain committed to meeting and exceeding our customersâ expectations over the long term by providing continuous enhancements and new functionality to our solutions that will help increase value for our customers,â concluded DiMarco.â
âAdvent was awarded the âbest overall buy-side technology vendor for 2007â on the basis of its lengthy buy-side track record and the quality and breadth of its offerings spanning the front and back offices,â said Victor Anderson, Editor, Buy-Side Technology. âAdventâs buy-side initiative is jointly spearheaded by its ubiquitous MoxyÂ® OMS and GenevaÂ®, the benchmark for buy-side portfolio accounting platforms, both of which have large numbers of existing installations at a variety of buy-side organizations. APX, winner of this yearâs âbest client reporting toolâ, was added to the Advent line-up in 2005. Finally, and perhaps most significantly, Advent has a reputation for outstanding customer service, an increasingly important differentiator in the competitive buy-side technology market.â
The awards were presented on November 2, 2007 during the Buy-Side Technology Awards luncheon at The Lanesborough Hotel in London. In late October, Advent was also recognized as the top portfolio management provider to the financial services industry by Securities Industry News and Financial Insights, an IDC company.
The Buy-Side Technology Awards recognize products and services in the buy-side technology vendor industry in order to identify the leading technologies and vendors in their areas of expertise through an auditable and transparent methodology. The category winners were decided by a panel of seven judges â three Buy-Side Technology journalists and four buy-side focused technology consultants: Investit, Aite Group, Morse and Deloitte & Touche LLP.