MicroEdge, Inc. and The Rensselaerville Institute Announce Strategic Alliance to Focus on Outcomes for Foundations.Joint Effort to Create Tools to Measure Performance Outcomes of Charitable Grants from Foundations NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- MicroEdge, Inc. (www.microedge.com), a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of 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. (www.advent.com) (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 ), and leading provider of solutions for the grantmaking community worldwide, announced today the establishment of a strategic and cooperative relationship with The Rensselaerville Institute. This highly-regarded, 45-year old non-profit group is dedicated to measuring and improving outcomes in all fields of human achievement. With help from The Institute, MicroEdge will create an outcome-based application that will offer new options to foundations helping them establish their baselines for tracking and reporting outcomes. Utilizing this application, foundations can define and share best practices, innovations, and solutions to common problems that implementing groups face. The overall intent is to move the interaction of foundations and grantees from a focus on what they do - to what they achieve. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. George W. Macintyre, President of MicroEdge, "The time is right to include in our software, a stronger focus on results and provide tools that help create and verify them. We have found just the right partner in The Rensselaerville Institute. We love the way their simple language and powerful paradigm shift A dramatic change in methodology or practice. It often refers to a major change in thinking and planning, which ultimately changes the way projects are implemented. For example, accessing applications and data from the Web instead of from local servers is a paradigm shift. See paradigm. from 'funder to investor' have helped foundations." Macintyre adds, "We've seen a growing demand from foundations of all sizes and scopes, seeking the capability to accurately establish exactly what happens to the financial investment they make through their grants. The respect commanded by The Rensselaerville Institute's reputation for outcomes' success, makes this a natural fit with our full service approach." In echoing the announcement, Harold S. Williams, President of The Rensselaerville Institute, said, "In our consulting engagements with foundations worldwide, we have always stopped just short of the critical connection to core information systems used for grants management. MicroEdge is not only the preeminent player in this market space, but their software is the perfect fit for our tools. Outcome measurement can be made seamless if the data that foundations collect and use is properly defined up-front and tracked throughout the process." The strategic alliance focuses on MicroEdge's new PORTICO GRM GRM Gross Rent Multiplier GRM Geospatial Resource Management (GIS, mapping) GRM General Routing Matrix GRM General Relationship Model GRM Gregg Reference Manual GRM Gross Refining Margin GRM Global Request Manager product offering that enables foundations to combine their grants management (done in MicroEdge GIFTS[R], FIMS FIMS - Form Interface Management System or FoundationPower) with interactive and on-going data sharing with grantees. With outcome-based business logic from The Rensselaerville Institute, PORTICO GRM will create shared frameworks for defining, tracking, and improving human gain for individuals served by foundation-funded programs. From an implementation perspective, MicroEdge will add outcome tools and templates to its already robust software solutions. The Rensselaerville Institute will contribute direct consulting with foundations, using the enhanced software to ensure the best possible use of information to define outcomes from grants and efficiently help grantees achieve those outcomes. About MicroEdge MicroEdge, Inc. (www.microedge.com), a subsidiary of Advent Software, Inc. is the leading provider of software and services to the giving community worldwide. The MicroEdge suite of Windows and Web-based software delivers a powerful, integrated, and open framework which makes charitable giving effective. The company is committed to providing the best technology tool set for foundations, corporations, government agencies, donors, advisors and financial institutions. Together, these tools help organizations to work with one another to raise, invest, manage and award charitable currency. MicroEdge, Inc. is headquartered in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. with regional offices throughout North America, and supports thousands of clients worldwide. About The Rensselaerville Institute The Rensselaerville Institute (www.rinstitute.org), non-profit and independent, is the outcomes place for human gain. The Institute's mission is (1) to show organizations how to set targets, measure their progress, and change their behavior to achieve quantum leaps in performance, (2) demonstrate for foundations, government, and individual donors how to pursue human gain with the same rigor rigor /rig·or/ (rig´er) [L.] chill; rigidity. rigor mor´tis the stiffening of a dead body accompanying depletion of adenosine triphosphate in the muscle fibers. as investors who seek financial return, and (3) to enable communities to harness their own resources to improve people's lives in sustainable ways. The Rensselaerville Institute is located in Rensselaerville, NY. About Advent Advent Software, Inc. (www.advent.com), a multi-national firm, has been providing trusted solutions to the world's leading financial professionals since 1983. Firms in 60 countries using Advent technology manage investments totaling more than US $12 trillion. Advent's quality software, data, services and tools enable financial professionals to improve service and communication to their clients, allowing them to grow their business while controlling costs. Forward-Looking Statements Any forward looking statements included in this press release involve risks and uncertainties that could cause actual results to differ materially from our expectations. These risks and uncertainties include market acceptance of new products, the impact of initiatives by competitors, and other risks detailed in Advent's filings with the Securities and Exchange Commission, including, but not limited to, its annual report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and quarterly reports on Form 10-Q Form 10-Q See 10-Q. , as amended, copies of which may be obtained by contacting Advent Software at 415-645-1787, or by visiting Advent's Investor Relations Investor relations The process by which the corporation communicates with its investors. website at www.advent.com. Copyright [c] 2005, MicroEdge, Inc. [R] [cedilla ce·dil·la n. A mark ( ¸ ) placed beneath the letter c, as in the spelling of the French word garçon, to indicate that the letter is to be pronounced (s). ] 619 West 54th Street [cedilla] New York, NY 10019 [cedilla] 1.800.899.0890. GIFTS is a registered trademark of MicroEdge, Inc. All other company names or marks mentioned herein are those of their respective owners. |
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