Advent Software (NASDAQ:ADVS), a leading provider of software and services for the global investment management industry, announced today further expansion into the Asia Pacific region with the opening of a new office in Beijing.
Staffed with more than 50 employees, the Beijing office is Advent's largest office outside of North America and will play an important role in establishing the Company's presence in mainland China.
The 50-plus employees in the Beijing office were previously part of Advent's contract workforce with a Beijing software outsourcing firm, and have been working on the research and development of Advent's portfolio of products for the past four years.
"We are excited to be expanding our presence in Asia Pacific, and we look forward to deepening our relationships with clients in the region," said Lily Chang, Executive Vice President and Chief Technology Officer at Advent. "Having a presence in China is part of our growth strategy and is a must for a global company like Advent. The fast-growing China market is rapidly embracing new technology and we see enormous long-term potential in the Chinese market for our broad and innovative portfolio of investment solutions. As an industry leader with a proven history of success, Advent is well-prepared to support this growth."
Although this is the Company's first office in mainland China, Advent established a full-time presence in Asia Pacific last year with the opening of its Hong Kong office, and the Company currently has more than 30 clients in the region. Advent's Beijing office is located at 1218, China Resources Building, 8 Jianguomembei Avenue. It marks Advent's 12th office worldwide; the Company also has a presence throughout North America, Europe and the Middle East.