Advent Software Ranks as One of Fortune Magazine's Fastest-Growing Companies.Business Editors/High-Tech Writers SAN FRANCISCO--(BUSINESS WIRE)--Aug. 28, 2000 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.(R) (Nasdaq:ADVS ADVS Automatisiertes Datenverarbeitungssystem ADVS Assistant Director Veterinary Service ), the leading provider of Enterprise Investment Management (EIM EIM Enterprise Incentive Management EIM Enterprise Information Management EIM Enterprise Identity Mapping (IBM) EIM Enterprise Instant Messaging EIM Employee Internet Management EIM European Institute for the Media ) technology, has been chosen by Fortune Magazine as one of the country's 100 Fastest-Growing Companies. Advent made the list this year for the first time, which appeared in the Fortune issue dated September 4, 2000. The list, compiled for Fortune by Zacks Investment Research Zacks Investment Research A firm that compiles earnings estimates and brokerage firm investment recommendations for thousands of publicly traded firms. , was based on companies headquartered in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. in operation for at least three years, with revenues and a market capitalization Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. of at least $50 million. Of those, companies were then chosen that had a 30 percent annual growth rate for three years in both revenue and earnings per share, and with positive earnings in the latest quarter. They then ranked those companies by growth in revenue, EPS (Encapsulated PostScript) A PostScript file format used to transfer a graphic image between applications and platforms. EPS files contain PostScript code as well as an optional preview image in TIFF, WMF, PICT or EPSI, the latter being an ASCII-only format. , and total stock market return over three years, adding the scores from those three categories. "We continually strive to provide extremely high quality products and services, and any recognition we receive from the industry is a direct result of the commitment we make to our clients," said Peter Caswell, President and Chief Executive Officer of Advent. "Being recognized by Fortune is a great validation of the work all of our employees do each day." Advent Software, Inc. is a leading provider of Enterprise Investment Management solutions, offering stand-alone and client/server software products, data interfaces, and related services that automate and integrate mission-critical functions of investment management organizations. Advent has licensed its products to more than 6,000 financial institutions in 36 countries for use by more than 60,000 concurrent users. The company's common stock is traded on the Nasdaq National Market under the symbol ADVS. Editor's Note: For more information or to license Advent Software products, readers can contact Advent Software, 301 Brannan Street, San Francisco, CA 94107; phone 415/543-7696, or visit Advent's web site at http://www.advent.com. Advent Software, Inc. is a trademark of Advent Software. All other products or services mentioned herein are trademarks or registered trademarks of their respective companies. |
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