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Advent Software Signs OEM Agreement with Panopticon
Advent signs license to incorporate Panopticon's visualization technology into Geneva®
Panopticon Software, the leading provider of visual business intelligence software, announced that it has signed an OEM agreement with Advent Software, Inc. (NASDAQ: ADVS). The agreement allows Advent to develop a new visualization module based on Panopticon´s technology for integration into Geneva®, Advent's award-winning global investment management and accounting solution.
Advent has licensed Panopticon's Developer Software Developer's Kit ("SDK"), which provides the ability to use Panopticon's interactive visualization technology in Geneva®. The resulting enhanced Geneva® functionality will improve Geneva®'s end-user capabilities, as well as help expand the audience for which Geneva® is useful.
Todd Gottula, Vice President, Product Development, Client Services, and Support and Co-Head of Global Accounts for Advent, commented, "We selected Panopticon after a careful evaluation of the market for visualization technology. The final decision was based on Panopticon's record of success with SDK-based implementations at leading financial institutions and the results of a technology workshop we complete with the Panopticon people. Enhancing Geneva® will make many of the features of the system more accessible and useful to our hedge fund clients."
Robert Ekström, CEO of Panopticon, stated, "Advent is a great company to work with. Their Geneva® software is well accepted as the leading investment management system in the financial services industry. Adding the Panopticon visualizations to Geneva® is a natural; they will unleash more of the power of the Geneva® software."
Geneva®, a global investment management and accounting platform, is a proven solution for asset managers, hedge funds, fund administrators, prime brokers, and mutual funds that require a high level of operational efficiency and easy access to real time data. Geneva® offers comprehensive instrument coverage, full financial general ledger, and industry-standard integration tools enable firms to manage complex investment vehicles, multiple investment strategies, and tiered fund structures.
Advent Software, Inc. (www.advent.com), a multi-national firm, has provided trusted solutions to the world's leading financial professionals since 1983. Firms in 60 countries use Advent technology and manage investments totaling nearly US $14 trillion. Advent's quality software, data, services and tools enable financial professionals to improve service and communication to their clients, allowing them to grow their business while controlling costs. Advent is the only financial services software company to be awarded the Service Capability and Performance certification for being a world-class support organization.
Panopticon (www.panopticon.com) offers Visual Business Intelligence software for financial institutions, telecommunications firms and other organizations that must make decisions based on very large datasets and real-time streaming data feeds. The company offers a variety of enterprise and desktop products as well as a comprehensive SDK that allows clients to integrate Panopticon's visualization technology with their own systems and workflows. Panopticon and its clients have won several technology awards from Euromoney and The Banker for their implementations of Panopticon technology. Clients include JP Morgan, Fidelity, Louis Dreyfus, Reuters, and Citi. The company has offices in New York, London and Stockholm.
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