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Advent's Tamale RMS carries strong momentum into 2011


Date: Wednesday, February 9, 2011
Author: Hedgeweek.com

Advent Software's Tamale RMS research management solution (RMS) – part of the firm's Advent suite – continues to expand its leadership across a diverse range of market segments and geographies.

In 2010, Advent added new Tamale RMS clients globally and across numerous market segments, including asset management firms, wealth management firms, pensions, foundations, endowments, sovereign wealth funds, hedge funds, fund-of-funds and family offices. In addition to growing its hedge fund client base substantially throughout the year, Tamale's client base among asset managers, wealth managers, institutional investors and multi-manager funds had increased from 10% to 45% since Advent's acquisition of Tamale in 2008.

Representative clients added in 2010 include Wasatch Advisors, Talpion Fund Management LP, State of Wisconsin Investment Board, James Irvine Foundation and a sovereign wealth fund in Asia. In 2010, nearly half of Advent's Tamale client base expanded their use of the product by adding additional seats or entire teams. 
Tamale clients were added in Europe, the Middle East, Asia, South America and North America in 2010. Tamale's client base outside of the US has tripled since the acquisition. To support the global expansion of Tamale's client base, Advent has grown its team in Asia in Singapore, Hong Kong and Beijing and has augmented its teams in Europe and the Middle East with additional sales and service personnel.

Mark Rice (pictured), Senior Vice President and General Manager of Tamale at Advent, says: "Tamale's expanding presence across a diverse range of market segments and geographies is a real testament to Tamale's market leadership and the 'must-have' nature of an RMS. We are particularly pleased with the expanding use of Tamale within our existing client base; strong adoption comes from high quality client service and the attention we give to our clients' needs, and underscores the value that Tamale brings to firms. The expansion of Tamale's customer base has been enabled by Tamale's superior product innovation and client service responsiveness and powered by Advent's strength and proven reputation."