Advent Software (NASDAQ: ADVS), a leading provider of software and services for the global investment management industry, today announced that KSB Capital Group has selected Advent's asset management solution, offered by Advent's premier local partner, SISCOM, to deliver portfolio, client relationship, trade and fund order management.
As a newly launched firm, Riyadh-based KSB Capital Group went through a detailed market survey to select a solution that met their needs from the start, and found Advent's solution to be the best match to their requirements. SISCOM implemented and customized the Advent suite at KSB Capital Group, delivering a complete solution covering front, middle and back office functionalities, which enabled KSB Capital Group to launch seven mutual funds in a very short time span.
"We chose Advent for the availability of a local implementation and support team through SISCOM, the solution's comprehensive coverage of our requirements, and SISCOM's ability to provide additional customizations as and when we need them," said Bader M. Al-Saleh, CEO Consultant with KSB Capital Group. "This enabled us to have our operations efficiently structured from the start and to become a leader in the Saudi real estate funds market, where one of our recent funds, Rehab Real Estate, achieved over 40% net profits."
"As KSB Capital Group's experience demonstrates, Advent's comprehensive, scalable and customizable technology, coupled with the presence of local SISCOM consultants is a winning combination for our clients," said Håkan Valberg, Senior Vice President and General Manager, Advent Software EMEA. "Through the local expertise of our partner SISCOM, we have almost 10 clients in Saudi Arabia who already fully benefit from our world-class solutions, in a way adapted to their needs."