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Advent Software named best buy-side technology provider by Buy-Side Technology

Advent Software, a provider of software and solutions for the investment management industry, has been named best buy-side technology provider by Buy-Side Technology magazine. Advent's Geneva was named best buy-side portfolio accounting platform, while Advent Portfolio Exchange was chosen as best buy-side client reporting platform.

Geneva, Advent's platform for alternative assets, provides 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.

Advent Portfolio Exchange provides 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.

'We're extremely honoured to have been named the best buy-side technology vendor, and to have our flagship portfolio accounting platforms recognised with top honours,' says Advent founder and chief executive Stephanie DiMarco. '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.

'Our expanding client base for APX and Geneva highlights their status as innovative solutions that are streamlined, efficient and easily configured around the way our customers operate their businesses. We remain committed to meeting and exceeding our customers' expectations over the long term by providing continuous enhancements and new functionality to our solutions that will help increase value for our customers.'

Advent was awarded the award for best overall buy-side technology vendor on the basis of its lengthy track record and the quality and breadth of its offerings spanning front and back offices according to Buy-Side Technology editor Victor Anderson.

'Advent's buy-side initiative is jointly spearheaded by its ubiquitous Moxy OMS and Geneva, the benchmark for buy-side portfolio accounting platforms, both of which have large numbers of existing installations at a variety of buy-side organisations,' he says.

'APX, winner of this year's award for best client reporting tool, 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.'

Geneva, an investment management, reporting and accounting platform used by asset managers, hedge funds, fund administrators and prime brokers that provides rapid access to real-time data and a high level of operational efficiency. Geneva offers comprehensive global instrument coverage, a full financial general ledger, and integration tools that enable firms to manage multiple locations, complex investment vehicles, multiple investment strategies and tiered fund structures.

Advent Portfolio Exchange integrates the front office functions of client relationship management and performance analysis with the back office operations of portfolio accounting and reporting. This enterprise solution leverages a single SQL database to deliver client information via a browser-based user interface. Firms in 60 countries use Advent technology to manage investments totalling nearly USD14trn trillion.

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