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Advent Teams With Virtus Partners to Provide Fully Automated Loan Data to Geneva(R) Clients


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© Marketwire 2009
2009-11-11 15:26:07 -

SAN FRANCISCO, CA -- (Marketwire) -- 11/11/09 -- Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services for the global investment management industry, today announced that it has entered into an agreement with Virtus Partners, LLC to integrate Geneva®, its award-winning portfolio management and fund accounting solution, with Virtus' bank loan data offering. Through this relationship, Advent's Geneva® clients will have access to automated loan data feeds from Virtus.



With assets under administration of more than $60 billion, Virtus is a leading provider of data and services to the fixed-income market.
Specifically, Virtus offers fixed-income asset administration and middle-office services to managers, hedge funds, and private equity groups across a wide spectrum of structures, including separate accounts, hedge funds, total return swaps (TRS), and collateralized loan obligations (CLOs).



Advent will develop an interface based on layouts, formats, and data structures of bank loan facility data provided by Virtus, that will enable Geneva® clients to extract bank loan facility data, and electronically feed this data into the Geneva® application. In teaming with Virtus, Advent will be able to offer clients a single cost-effective, fully automated interface for providing bank loan data into Geneva®.



"We are very pleased that we will be able to offer our customers an out-of-the-box solution for automating loan data feeds into Geneva®.
This will eliminate both manual processing and outsourcing agreements for data entry, or the need for third party software to populate loan data within Geneva®," said Joe Deitzer, Director of Marketing for Global Accounts at Advent. "The relationship will help improve the operational efficiency for firms transacting in these instruments, which is a compelling value proposition for our clients. Virtus' coverage and support model is exceptional and we look forward to working with them."



About Geneva®


Geneva®, a global investment management and accounting platform, is a proven solution for asset managers, hedge funds, fund administrators, prime brokers, and mutual funds that require a high level of operational efficiency and easy access to real time data. Geneva® offers comprehensive instrument coverage, full financial general ledger, and industry-standard integration tools to enable firms to manage complex investment vehicles, multiple investment strategies, and tiered fund structures. For more information on Geneva® visit secure.advent.com/info/pr_geneva : .



About Advent


Advent Software, Inc., a global firm, has provided trusted solutions to the world's financial professionals since 1983. Firms in 60 countries rely on Advent technology to run their mission-critical operations. 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. Advent is the only financial services software company to be awarded the Service Capability and Performance certification for being a world-class support and services organization. For more information on Advent products visit www.advent.com/about/resources/demos/pr : www.advent.com/about/resources/demos/pr .



About Virtus


Virtus Partners, LLC provides fixed-income asset administrative services and data to funds and various investment vehicles, including hedge and private equity funds, separate accounts, total return swaps and collateralized loan obligations (CLOs). With offices in Houston and London, Virtus specializes in tailored middle office solutions for managers looking to outsource their fixed-income requirements. For more information about Virtus visit www.virtusllc.com : www.virtusllc.com .



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 continued sales of existing products, the successful development, timing, anticipated features and market acceptance of new products and enhancements, the impact of initiatives by competitors, continued uncertainties and fluctuations in the financial markets and economic conditions and other risks detailed in Advent's most recent filings with the Securities and Exchange Commission, including, but not limited to, its quarterly reports on Form 10-Q and its 2008 annual report on Form 10-K, copies of which may be obtained by contacting Advent Software at (415) 645-1787 or by visiting Advent's Investor Relations Web site at www.advent.com : www.advent.com .



Advent, the Advent logo, Advent Software and Geneva are registered trademarks of Advent Software, Inc. All other company names or marks mentioned herein are those of their respective owners.

Contact:
Jessica Miller
Advent Software, Inc.
(415) 645-1668
Email Contact : www2.marketwire.com/mw/emailprcntct?id=44CD4198C1A223D3




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