Latest Advent Software, Inc. News: Finextra Research

SS&C joins fintech bulge-bracket with $2.7 billion Advent acquisition

SS&C is to buy Advent Software for $2.7 billion in cash in a bid to capitalise on a growing trend for outsourcing of software and services in the financial sector.

03 February 2015

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Investment managers drive up tech spend

Investment management firms are raising their spend on technology and driving down salary levels for top staff as they shape their recovery from the 2008 financial crisis, according to a study by Advent Software.

25 January 2011

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ACI and Oracle FSS lead Finextra50 up 12.6%

ACI Worldwide and Oracle Financial Services Software led the bounce-back in the Finextra50 Financial Technology Index last week, each gaining more than 40%. The index closed up 12.6% to 54.89, but a number of companies, including Advent Software and Bravura Solutions, continued their recent slide.

03 November 2008

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Advent acquires research management outfit Tamale

California-based Advent Software has signed a definitive agreement to acquire Tamale Software, a privately-held provider of research management technology, in a cash and stock deal worth around $70 million.

05 September 2008

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Gresham, Metavante and Morningstar lead Finextra50 higher

Better-than-expected earnings results for US firms Morningstar and Metavante, along with a positive outlook at UK-based Gresham Computing, helped push the Finextra50 index up 2.2 per cent to 87.69 in its anniversary week.

06 May 2008

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Weaker earnings at Vasco and DST drag Finextra50 lower

Weaker than expected earnings for several US fintech stocks dragged the Finextra50 Financial Technology Index down one percent to 85.80 on Friday in a week that saw very few companies post significant gains. Orc and Advent were among those bucking the trend.

28 April 2008

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Indian fintech vendors battered again

Continuing market volatility resulted in Indian fintech stocks taking a bath last week, further depressing the Finextra50 stock index.

17 March 2008

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Advent Software reports Bear Stearns deal

US investment bank Bear Stearns is rolling out Advent Software's portfolio management and fund accounting platform Geneva across its prime brokerage operations.

06 February 2008

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UBS launches options DMA system

Swiss investment bank UBS is launching a direct market access (DMA) platform for options trading that can be accessed from 14 third party vendor systems.

15 November 2007

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Finextra50 rises despite massive falls for Vasco and Online Resources

The Finextra50 Financial Technology Index rose 1.4% last week to close at 101.61. Despite disappointing earnings announcements dragging down share prices for a number of index constituents, companies such as Advent Software, SEI Investments and Interactive Data benefited from stronger than expected results.

29 October 2007

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Fidelity Investments spends $50m on integrated advisor platform

US mutual fund manager Fidelity Investments says it is investing $50 million in the development of a Web-based wealth management platform, called WealthCentral, which will integrate the most critical operational systems for registered investment advisors.

24 October 2007

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Finextra50 ends week up at 100.79

The Finextra50 Financial Technology Index rose .78% last week, driven by takeover talk at Fair Isaac, Fininfo and Mphasis. Gains were tempered by falls in Broadridge and Advent Software.

02 July 2007

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