Source: Advent Software
Advent Software, Inc., (NASDAQ: ADVS), the leading provider of software and services to the global investment management industry, today announced that Catella Kapitalförvaltning AB (Catella Asset Management) went into live production in May 2007 with Advent Portfolio Exchange and Advent's Moxy for trade order management for portfolio management and reporting and client relationship management functionality.
Stockholm based Catella Asset Management is one of Sweden's leading independent asset managers with approximately $5 billion in assets under management. Catella's services include fund management, special mandates and strategic asset allocation for institutional and private investors. With its business expanding and customer requirements becoming more personalised, Catella Asset Management was seeking a solution with integrated fund management and discretionary asset management functionality on one single platform that could also meet local reporting requirements.
"Our asset management business entails complex strategic asset allocations and we were looking for a solution that allowed us to continue our growth strategies and at the same time maintain our unique client focus. We also wanted a single point of entry for our trading," said Stefan Widenfelt, CEO of Catella Asset Management. "We invited a broad range of vendors to showcase their solutions, but we chose the Advent Portfolio Exchange/Moxy solution as we felt the integrated front- to back-office platform was best suited to our requirements," added Widenfelt.
"After an implementation process lasting around 8 months we are now in live production. We are pleased to have found a single business partner with Advent that can meet our end-to-end needs with an integrated offering," continued Widenfelt.
"We are delighted that a company of the market standing held by Catella Asset Management has chosen Advent. This is a strategic signing for us demonstrating powerful capabilities of Advent Portfolio Exchange and Moxy as an integrated solution," said Hakan Valberg, General Manager for Advent EMEA. "Our ability to meet Catella's specific requirements highlights the proven scalability, flexibility and reliability of Advent's solutions. This is another good example of the momentum we are continuing to build with our solutions in the European, Middle East and African markets," added Valberg.