Advent Software announces consulting alliance with Softagon

Date: Monday, August 4, 2008
Author: Hedgeweek.com

Advent Software, a provider of software and services to the global investment management industry, has established a consulting alliance with Softagon Corporation, a provider of custom integration and data management consulting services to hedge funds.

Softagon will provide customised software and integration platforms to clients using Geneva, Advent's investment management and accounting platform. The firm, which was founded in 1998 and has consulting professionals in San Francisco and New York, already has experience of working with hedge funds and prime brokers that have deployed Geneva and other Advent systems.

Softagon will offer various services to firms using Geneva, including application design and analysis, application development, report customisation, integration services, procedure documentation, conversions, project management, test services, ongoing support and user training.

Geneva is used by asset managers, hedge funds, fund administrators, prime brokers and mutual funds and 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.

'Advent is a proven leader in the marketplace and we are excited to be working with them to provide their clients with custom software services,' says Softagon senior vice-president Todd Wade.

'We look forward to building on our firm's relationship with Advent, our understanding of technology platforms of major industry service providers, and the unique needs of our clients to ensure the greatest return on investment in Advent solutions.'

Todd Gottula, a senior vice-president and co-head of global accounts at Advent, says: 'Advent places a high priority on a successful and positive client experience and recognises the importance of consulting partner contributions.

'Having completed major software development projects for leading asset managers and for Advent, the Softagon team offers excellence in trading integration, accounting and client services with the goal of creating seamless workflow.'

Advent's consulting partner programme involves established technology consulting firms that have significant experience and expertise working with the firm's solutions and have been approved by its professional services and product development groups. Founded in 1983, Advent Software provides technology to firms in 60 countries that manage investments totalling nearly USD18trn.