June 20, 2006

Advent Software Launches Global Hedge Fund Solution

Advent Software has announced that it would launch the Advent Global Hedge Fund Solution, powered by Geneva. Advent is the leading provider of software and services to the investment management industry. The announcement was made at the SIA Technology Management Conference. Geneva meets the demands of large asset managers and service providers that require high volume processing for a broad range of investments. Clients of Geneva have embraced these platform advancements. Most clients have either upgraded or implemented the release of Geneva 6.0.

Advent's Global Hedge Fund Solution provides a fully integrated suite for trading, investment and partnership accounting. It also enables clients to minimize risk, streamline their operations, and reduce costs. Geneva delivers a full-proof database system that offers fast, accurate and flexible reporting. It also eliminates time-consuming error corrections. PR Newswire has published an article on the Same Topic.

Among the chief advancements offered by the latest edition of Geneva(R) are a lower total cost of ownership, ease of integration, and improved scalability. Geneva(R) has lowered ownership costs by utilizing a distributed processing model, which enables the platform to be implemented on multiple, significantly less expensive x86 UNIX servers.

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