Advent Software, Inc. and Shanghai Wind Information Co. Ltd Establish Strategic Relationship to Offer Advent's Tamale RMS(R)
(Marketwire Via Acquire Media NewsEdge) SAN FRANCISCO, CA -- (Marketwire) -- 04/30/12 --
Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services for the global investment management industry, today announced that it has formed a strategic distribution agreement with Shanghai Wind Information Co. Ltd (Wind Info), to resell Advent's Tamale Research Management Solution (RMS) to investment management professionals in mainland China. Advent's Tamale RMS® helps investment firms improve front office productivity and investment due diligence through better management of both internal and external research information. Wind Info, based in Shanghai, China, provides integrated financial data, solutions, information, and software to over 3,000 firms in China, and has developed a series of professional analysis software and application tools for information indexing, data capture and analysis, and portfolio management.
Wind Info solutions, including Wind Financial Terminal, Wind Investment Terminal, Wind Data Feed Service, provide information, real-time data feed services, and macro and industry research about Chinese financial markets to investment professionals in China. As part of the agreement, Wind Info will employ dedicated sales and marketing resources, trained and supported by Advent, to resell Advent's Tamale RMS® in mainland China. The Tamale RMS® solution offered by Wind Info will be hosted and implemented by Advent and the companies will work together to design and develop integration between Advent's Tamale RMS® and solutions offered by Wind Info.
"In 2011, we saw increased traction in our Tamale RMS® solution around the world, as investors demand more transparency and investment management professionals seek more control, insight and access to the information they use to make investment decisions," said Chris Schmutz, Senior Director, Business Development Hong Kong, Advent Software, Inc. "Shanghai Wind Information Co. Ltd has a solid reputation and strong presence in China, and as part of this agreement, investment professionals in China will have the benefit of the information they already rely on, made even more accessible and manageable through the Tamale RMS® solution."
"Our clients look to us to provide data feeds and historic information to help them make more informed investment decisions," said Yi Zhou, Head of the International Department, Shanghai Wind Information Co. Ltd. "Advent's Tamale RMS® is a very effective solution for helping them better manage, share and, ultimately, utilize this information more efficiently. We are confident that the combination of the solutions offered by our companies will deliver tremendous value to our joint customers across mainland China."
About Tamale RMS®Tamale RMS®, the market's leading research management system, centralizes a firm's research and enables investment professionals to spend less time searching for information and more time capitalizing on their ideas. Tamale RMS® brings efficiency and organization to a firm's research and compliance processes and can be tailored to the varying workflows of each firm to maximize ease of use and adoption. Tamale RMS® is used by thousands of investment professionals around the world and can be accessed anytime, anywhere -- from the desktop or on the road. For more information on Tamale RMS®, visit http://www.advent.com/tamale.
About ShanghaiWind Information Co. LtdWind Info serves more than 90% of the financial enterprises in the Chinese market, including securities firms, fund management firms, insurance companies, banks, and investment firms. Overseas, Wind Info serves 75% of the Qualified Foreign Institutional Investors (QFII). Additionally, most renowned financial research institutions and regulatory committees are on Wind Info's clients list. The company's data are frequently quoted by Chinese and English media, in research reports, and in academic theses.
Wind Info has built up a substantial, highly-accurate, first-class financial database, which includes stocks, funds, bonds, FX, insurance, futures, derivatives, commodities, and macroeconomic and financial news. Moreover, institutional investors can acquire the latest information via regular updates provided by Wind Info. For more information on Wind Information visit http://www.wind.com.cn/En/.
About Advent Software, Inc.Advent Software, Inc., a global firm, has provided trusted solutions to the world's financial professionals since 1983. Firms in more than 60 countries count 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 operational risks and 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 http://www.advent.com/solutions.
Advent, the Advent logo, Advent Software and Tamale RMS are registered trademarks of Advent Software, Inc. All other company names or marks mentioned herein are those of their respective owners.
Forward-looking StatementsAny forward-looking statements included in this press release involve assumptions, risks and uncertainties that could cause actual results to differ materially from our expectations. These assumptions, risks and uncertainties include the successful development, timing, anticipated features, functionality, release and market acceptance of new products, interfaces and enhancements, the impact of initiatives by competitors, sales of existing products, uncertainties in operating internationally 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) 645-1787 or by visiting Advent's Investor Relations Web site at www.advent.com.
Any unreleased services or features referenced in this or other press releases or public statements are not currently available and may not be delivered on time or at all. Customers who purchase Advent's products or services should make their purchase decisions based upon features that are currently available. The Company disclaims any intention or obligation to publicly update or revise any forward-looking statements including any product, financial or other guidance, whether as a result of events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Horn. for Advent Software, Inc.
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Source: Advent Software, Inc.
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