Advent Software Makes Diaz-Verson More Competitive.SAN FRANCISCO--(BUSINESS WIRE)--June 17, 1998--Diaz-Verson Capital, a Georgia-based 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 , has purchased Advent Software's (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 ) Axys to help it compete. Diaz-Verson has more than $200 million under management, having grown from $83 million during the past year. Diaz-Verson uses Axys, a Windows-based portfolio management system, with an interface to the Depository Trust Company Depository Trust Company (DTC) DTC is the world's largest central securities depository. It accepts deposits of over 2 million equity and debt securities issues (valued at $23 trillion) from over 65 countries for custody, executes book-entry deliveries (valued at over $116 trillion . "Axys provided more functionality and flexibility than our previous system (SS&C) and was more cost effective," said Mike Majure, executive vice president at Diaz-Verson. "The list of benefits is substantial. Our client reports are better, the system has saved us 20 percent more time, Axys is intuitive to use and we are able to handle more assets with the same amount of staff. It's exactly what we look for from automation." "Diaz-Verson has joined more than thousands of Advent clients in discovering the benefits of Advent products over our competitors'," said Stephane Dubois, vice president of product marketing for Advent. "We provide investment managers with the tools required to make their jobs easier." "We are currently looking at Moxy and Rex and are considering adding them to improve our business even further," added Majure. Axys, the Windows-based portfolio management system from Advent, provides investment professionals with comprehensive portfolio accounting, timely decision support, sophisticated performance measurement and flexible reporting. Axys integrates information flow and boosts productivity by linking and streamlining multiple functions of mission-critical operations. Axys provides users many automated au·to·mate v. au·to·mat·ed, au·to·mat·ing, au·to·mates v.tr. 1. To convert to automatic operation: automate a factory. 2. features to save time and money, minimize errors, improve efficiency and meet a shorter settlement cycle. Ten times more money managers use Axys than any other portfolio management system. 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 products, readers should contact Gayle Sullivan, Advent Software, 301 Brannan 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 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 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion