Options, the provider of the Options PIPE® Private Financial Cloud services platform for the exchange, banking, trading and investment communities, announced today that it has been chosen as an IT hosting provider for Advent Software, Inc (NYSE: ADVS).
Through this collaboration, already live in production, Options will be hosting Advent’s Geneva® solution on the Options PIPE® Private Financial Cloud. The program will also train Options employees to gain expertise on the specific platform and configuration needs of Geneva®.
“Over the past few years, our clients in the hedge fund industry are increasingly interested in best-in-class choices for application hosting and data storage,” said Chris Momsen, Senior Vice President and General Manager at Advent. “We are very pleased to be expanding our network for clients by working with a company like Options, which continues to be an innovative presence in the area of infrastructure-as-a-service.”
“As one of the largest hedge fund and alternative investment technology hosting providers in the capital markets, we know our customers count on us to build deep technical support relationships with the critical application providers on which they run their businesses,” said Nigel Kneafsey, CEO at Options. “We're very proud to have joined forces with an industry cornerstone like Advent to deliver this sort of integrated service to the financial community.”
Options PIPE® Private Financial Cloud services include PIPE Core, a fully-specified IT and telephony service delivered direct to your desktop; PIPE Momentum, an optimized managed hosting service for all front-, middle-, and back-office financial applications; and PIPE Velocity, direct market access with the lowest latency.