Ardsley Partners Selects Advent Software's Geneva.SAN FRANCISCO--(BUSINESS WIRE)--Dec. 13, 1999-- 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. (Nasdaq:ADVS ADVS Automatisiertes Datenverarbeitungssystem ADVS Assistant Director Veterinary Service ), the leading provider of Enterprise Investment Management solutions, announced that Ardsley Partners has selected Advent's Geneva Geneva, canton and city, Switzerland Geneva (jənē`və), Fr. Genève, canton (1990 pop. 373,019), 109 sq mi (282 sq km), SW Switzerland, surrounding the southwest tip of the Lake of Geneva. (R) system for real-time portfolio accounting. Ardsley Partners is a Greenwich Conn.-based global investment firm managing a variety of funds. Geneva will replace SS&C's Camra system at Ardsley Partners. Designed and developed with industry leaders, Geneva is an advanced, real-time portfolio accounting system for firms that demand true multi-currency, high performance portfolio accounting. Geneva gives investment professionals the reliable information they need to react to the complex requirements of the global investment market, while tailored to the particular strategies employed in their own firm. Geneva's in-memory database A database that keeps all active records in main memory rather than on disk. Accessing in-memory records is considerably faster than retrieving them from the disk. provides Ardsley Partners with an efficient processing environment that will eliminate reporting bottlenecks. Specific functionality including dynamic error correction capabilities and corporate actions processing made Geneva a unique and particularly appealing choice for Ardsley Partners. "Given Geneva's ability to provide us with a streamlined, hands-off processing environment, we expect to double our assets without increasing our staff," said Thomas Kyle, partner and director of administration at Ardsley Partners. "Traditional portfolio accounting systems offer some back-office improvements, but Geneva's unique capabilities are giving us business benefits we would not have realized without it." "We've been extremely pleased to see such enthusiastic response from the industry to Geneva this year," said Stephanie DiMarco Stephanie DiMarco is the Founder, CEO and President of Advent Software, a public company with a market cap of more than $1 billion that offers integrated software solutions for automating and integrating data and work flows across investment management organizations. , chairman of Advent Software. "As firms move past their Y2K See Y2K problem and Y2K compliant. Y2K - Year 2000 work they're seeing tremendous business opportunities ahead. Now is definitely the time to embrace the technology that will propel their business through the next decade." Advent Software Inc. is the 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. 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 or to license Advent Software products, readers can contact 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 , Calif. 94107; phone 415/543-7696, or visit Advent's Web site at http://www.advent.com. Advent Software Inc. and Geneva are registered trademarks of Advent Software. All other products or services mentioned herein are trademarks or registered trademarks of their respective companies. |
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