SAN FRANCISCO and VANCOUVER - FEBRUARY 5, 2014 - Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services for the global investment management industry, today announced the company has joined forces with FINCAD to integrate FINCAD Analytics across multiple products. FINCAD's industry-standard derivatives pricing analytics will enhance the derivative valuation and risk management capabilities across Advent's product set including Advent's Geneva®.
FINCAD's derivative pricing libraries and advanced fixed income analytics are among the broadest cross-asset class derivatives analytics libraries available globally. Through this integration, Advent clients will have enriched access to data to value a very broad class of often unique investments.
"We chose to embed FINCAD's derivative pricing software into our products because it is the industry standard of derivatives pricing analytics and the solution of choice for leading technology vendors," said Todd Gottula, Executive Vice President and Chief Technology Officer, Advent Software. "Our integration with FINCAD will significantly enhance our entire product suite, providing common and consistent derivative pricing capabilities across the Advent product line while helping meet the needs of Advent's existing clients. Our improved regional capabilities will also lead to new opportunities with prospective clients, particularly in emerging markets like Brazil."
"We are very pleased that Advent has chosen to integrate FINCAD's derivative pricing libraries across its industry leading products," said Amar Budhiraja, Director of Strategic Business Development, FINCAD. "As buy-side firms aggressively pursue complex and diverse global investment strategies, they need robust portfolio management and order management applications capable of supporting their derivative exposures. The integration of FINCAD's pricing libraries will bring Advent clients consistent and industry-standard derivative pricing to support their investment strategies across the entire lifecycle."
Founded in 1990, FINCAD provides advanced modelling solutions built on award-winning, patent pending technology. With more than 4,000 clients in over 80 countries around the world, FINCAD is the leading provider of financial risk analytics technology, enabling global market participants to make informed hedging and investment decisions. FINCAD provides software and services supporting the valuation, reporting and risk management of derivatives and fixed income portfolios to banks, corporate treasuries, hedge funds, asset management firms, audit firms, and governments. FINCAD Analytics can be accessed through Excel, MATLAB®, as a Software-as-
Over the last 30 years of industry change, our core mission to help our clients focus on their unique strategies and deliver exceptional investor service has never wavered. With unparalleled precision and ahead-of‐the-
Any forward-looking statements included in this presentation, such as statements regarding strategies or plans of management for future operations, technology and regulatory developments, and anticipated products, services, enhancements or availability and features thereof, involve assumptions, risks and uncertainties that could cause actual results to differ materially from our expectations. These risks, uncertainties and assumptions include continued sales of existing products and services, the successful development, timing, anticipated features, functionality, benefits and market acceptance of new products, services 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 2011 annual report on Form 10-K, copies of which may be obtained by contacting Advent Software at (415) 645-1683 or by visiting Advent's Investor Relations Web site at www.advent.com.
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