Dubai's Shuaa Capital expands Advent deal

Source: Advent Software

Advent Software, (NasdaqGS:ADVS), the award-winning provider of software and solutions for the global investment management industry, today announced that Shuaa Capital psc has expanded its use of Advent's solutions.

Dubai-based SHUAA Capital is one of the leading financial services organizations in the Gulf Cooperation Countries (GCC). It has a regional presence in the GCC and Turkey, and it is the largest investment banking institution in the UAE by market share, with total client assets under management in excess of US $4 billion. SHUAA Capital was named "Best Equity House in the UAE" by Euromoney in its 2007 and 2004 Awards for Excellence.

"Advent offers functionally rich, robust and cost-effective software solutions that meet our operational requirements," said Samer Hamwi, Chief Information Officer of SHUAA Capital. "As we expand our footprint in the GCC and beyond, we are confident that Advent is a solid technology partner."

"We are thrilled that SHUAA Capital has opted to expand its relationship with Advent," says Håkan Valberg, Senior Vice President and General Manager, Advent Software EMEA. "Having one of the largest asset managers in the region choose Advent to meet its current and future infrastructural requirements, demonstrates our ability to support institutions in the region. As our Middle Eastern client base continues to grow, Advent's investment in products and local presence in the region will continue to be a top priority," concluded Valberg.

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