Advent Reaches Out to Diverse Industries.SAN FRANCISCO--(BUSINESS WIRE)--June 17, 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 ) has been extremely successful these past few months winning new business from a variety of areas including corporations, government offices, fixed income and value equity managers, trading firms, banks, broker/dealers and hedge funds. "Our new clients demonstrate the variety of businesses that choose Advent to automate and integrate mission-critical functions of investment management organizations," said Stephane Dubois, Advent's vice president of product marketing. "Our sales team has produced significant results. A variety of different sized firms - from multi-billion dollar firms to smaller specialized firms - have joined the Advent family," explained Dubois. Included in Advent's new client roster are such diverse accounts as Dresdner Bank Dresdner Bank AG is one of Germany's largest banking corporations and is based in Frankfurt. History 19th century Dresdner Bank was established on 12 November 1872 through the conversion of financial institution Michael Kaskel. AG, one of the world's largest banks. Advent also won PLATINUM technology Platinum Technology Inc. was founded by Andrew Filipowski in 1987 to market and support deployment of Database Management software products and the applications enabled by database management technology and render related services. , a leading high-tech corporation; the City of Sacramento Treasurer's office; and C.M. Oliver & Co., one of the largest Canadian-based broker/dealers. In addition, Advent has signed a number of clients in the traditional investment counselor marketplace including Thornburg Management Co. Thornburg purchased Advent products for its newly formed division Thornburg Institutional Accounts. Thornburg Management was already using Advent products for its $8 billion mutual fund business. Telegraph Hill The placename Telegraph Hill may refer to several and perhaps dozens of different places in the anglophone world. (Its equivalents in other languages may also be common placenames. , a newly formed investment advisor Investment Advisor 1. A person making investment recommendations in return for a flat fee or percentage of assets managed, known as a commission. 2. For mutual fund companies, it is the individual who has the day-to-day responsibility of investing and monitoring the cash and firm, also has chosen Advent as well as Para Partners, a hedge fund with $400 million under management. In addition, investment manager Eagle Capital Management has chosen Advent as well as another hedge fund, MLC (MultiLevel Cell) A flash memory technology that stores more than one bit per cell. Traditional flash memory defines a 0 or 1 bit based on a single voltage threshold. International Investment Group. "In fact, more and more companies are looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. our integrated suite of products called Advent Office, to provide their total enterprise solution," explained DuBois. Advent Office is the most extensive and integrated suite of applications and services for automating the investment management process. For the first time, enterprise-size investment management organizations can choose to implement a comprehensive solution instead of having to integrate standalone applications on their own. Advent Office's components include: Axys, Advent's Windows-based portfolio management system; Moxy, Advent's trading and order management system; Qube, Advent's client management solution for investment managers; Advent Partner, a partnership accounting system; WebView, Advent's Internet reporting service; and Rex, Advent's reconciliation service and software. These products boost productivity by linking and streamlining multiple functions of mission-critical operations. 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. Inc. is a leading provider of enterprise investment management solutions that automate and integrate mission-critical functions of investment management organizations. 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. 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. : For more information on Advent, readers should contact Gayle Sullivan, Advent Software, 301 Brannan Street, San Francisco, CA 94107; phone (415) 543-7696 or visit Advent's Web site at http://www.advent.com. CONTACT: Caitlin McConoughey/Jason Kannon Austin Lawrence Group 203/961-8888, ext. 3011/3002 |
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