Advent Launches the First Data Warehouse For Investment Managers.NEW YORK--(BUSINESS WIRE)--May 19, 1998--Advent Software (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ADVS ADVS Automatisiertes Datenverarbeitungssystem ADVS Assistant Director Veterinary Service ) today introduced Advent Warehouse, the first end-to-end data warehouse solution specifically designed for investment management firms. For the first time, portfolio managers and decision-makers within enterprise investment management organizations can harness information coming from a variety of sources in an open, easy to understand manner, and use it to make better, more timely decisions. The newest component of Advent Office -- Advent's integrated suite of applications and services for enterprise investment management (see enclosed en·close also in·close tr.v. en·closed, en·clos·ing, en·clos·es 1. To surround on all sides; close in. 2. To fence in so as to prevent common use: enclosed the pasture. release) -- Advent Warehouse is an easy-to-use, scalable and open date warehouse based on industry standard relational database relational database Database in which all data are represented in tabular form. The description of a particular entity is provided by the set of its attribute values, stored as one row or record of the table, called a tuple. technology. The system is designed to provide investment firms, money managers, banks and trusts, broker/dealers or family offices access to sophisticated investment and decision information, while preserving the integrity and performance of the firm's mission-critical operational systems. "Many enterprise investment management institutions are faced with a tough dilemma today," said Stephane Dubois, vice president of product marketing for Advent Software Advent Software (NASDAQ: ADVS) makes software designed to automate portfolio accounting for investment management firms, ranging from family offices and investment advisors to large institutional investors and hedge funds. . "They can only provide access to the decision support information portfolio managers need at the expense of the integrity and performance of their operational systems. "What if a user enters a complex query at the same time a critical set of client reports are being generated? People have to make tough decisions and decision-makers are often left aside. Data warehouses were designed to address that problem. By providing an analytical reporting environment optimized for decision-making, Advent Warehouse maximizes the performance and reliability of operational activities. "This is key for enterprise organizations managing tens of thousands of accounts," added Dubois. Advent partnered with Sagent(R) Technology Inc., the leading provider of turnkey data warehousing See data warehouse. data warehousing - data warehouse solutions to deliver Advent Warehouse. Advent chose Sagent because its solution is the only fully integrated three-tier data warehousing solution for populating data warehouses, managing data and presenting information to users in a meaningful business context. "Sagent provided the performance, openness and scalability our clients were seeking," said Dubois. "Sagent enables users to integrate information from other sources, including legacy systems, trust accounting systems, brokerage back-office systems or market data sources such as FactSet or MorningStar -- and deliver that information to users and clients in an easy-to-understand format." Advent Warehouse provides a set of tools that help users manage the extraction of operational data from Advent Office. The tools include: --OpenAdvent Toolkit: This collection of tools and data enables users to extract and maintain a complete universe of decision-support information that would otherwise require complex calculations (such as realized gain Realized Gain A gain resulting from selling an asset at a price higher than the original purchase price. Notes: There may be tax consequences for a realized profit. and loss information, holding information and performance information). The OpenAdvent Toolkit also features a high-performance, multitasking multitasking Mode of computer operation in which the computer works on multiple tasks at the same time. A task is a computer program (or part of a program) that can be run as a separate entity. distributed Windows NT (Windows New Technology) A 32-bit operating system from Microsoft for Intel x86 CPUs. NT is the core technology in Windows 2000 and Windows XP (see Windows). Available in separate client and server versions, it includes built-in networking and preemptive multitasking. engine that extracts data from Advent operational databases. --Sagent Toolkit: This collection of tools enables users to manage and customize the population of their data warehouse. The Sagent Toolkit features a Sagent Data Mart A subset of a data warehouse for a single department or function. A data mart may have tens of gigabytes of data rather than hundreds of gigabytes for the entire enterprise. See data warehouse. Server, based on Microsoft SQL server A relational DBMS from Microsoft that is a major component of the Windows Server System. It is Microsoft's high-end client/server database and is closely integrated with Microsoft Visual Studio and the Microsoft Office System. , which boasts a multi-threaded engine. It can be used to extract non-Advent data stored on other database systems, including Oracle and DB2, and integrate that data with Advent data from OpenAdvent. --Investment Management Center: Designed to jump start users' data analysis, Investment Management Center includes a data mart template, pre-defined business plans, and easy-to-use query and reporting tools. The Center presents contextual, business-related information right out of the box and provides a platform for users to build their own data marts and analytical views. With Sagent WebLink, users can run data requests and view the results through a common and familiar browser interface. "Because of the nature of the securities business, enterprise-size investment management organizations have the most to gain from harnessing the overwhelming sea of information that is available to them," Dubois explained. "Advent Warehouse enables an investment manager to combine information from a variety of sources into one easy-to-access package. This provides firms with the power to make better investment decisions and communicate performance results to clients easily, efficiently and cost effectively, but perhaps most importantly Adv. 1. most importantly - above and beyond all other consideration; "above all, you must be independent" above all, most especially , in a format the client wants." Advent Software Inc. is a leading provider of enterprise investment management solutions. The company provides a suite of complementary products for the front, middle and back offices of investment management organizations. The company's common stock is traded on the NASDAQ National Market under the symbol ADVS. -0- Editor's Note Editor's Note (foaled in 1993 in Kentucky) is an American thoroughbred Stallion racehorse. He was sired by 1992 U.S. Champion 2 YO Colt Forty Niner, who in turn was a son of Champion sire Mr. Prospector and out of the mare, Beware Of The Cat. Trained by D. : Parties interested in purchasing the Advent Warehouse software package or arranging a product demonstration should contact Gayle Sullivan, Advent Software, 301 Brennan Street, San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , CA 94107; phone 415/543-7696. Visit Advent's Web site at http://www.advent.com. CONTACT: Austin Lawrence Group Anne Albanese/Caitlin McConoughey 203/961-8888, ext. 3010/3011 |
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