Market Overview

Empaxis, Advent Expand North American Relationship to Offer Services Globally

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LOS ANGELES--(BUSINESS WIRE)--

Empaxis, a leading provider of high-caliber, highly customized operational services and support for asset managers and prime brokerage firms running Advent applications, today announced that it has become an Advent Certified Consulting Partner for Advent Software, Inc., a leading provider of software and services for the global investment management industry, in the Middle East and Asia.

Empaxis will provide Advent-certified services across the Middle East and Asia and middle and back office processing and reconciliation services to various clients across the entire EMEA region.

Empaxis has been providing robust outsourcing services specifically to Advent for over seven years, and will now add consulting services to that relationship. Starting in 2004, Empaxis has worked extensively in providing outsourcing services to firms running Advent® Portfolio Exchange (APX), Axys® and Geneva®, but will now begin to expand those services with its recent certification in the Middle East and Asia.

"With our demonstrated growth in EMEA and the quality of our product enhancements, we look for the best ways to broaden and improve our services," says Håkan Valberg, Senior Vice President and General Manager, Advent Software EMEA. "We are looking forward to expanding our outstanding relationship with Empaxis to better serve and meet our clients' business needs."

"We're excited about working with Advent and its clients in the important and expanding EMEA and Asia-Pacific markets,” said Stephen Van de Wetering, CEO of Empaxis. “Being an Advent Certified Consulting Partner and through our outsourcing services, Advent's clients gain a solid new partner in these regions."

About Advent (www.advent.com)

Advent Software, Inc., a global firm, has provided trusted solutions to the world's financial professionals since 1983. Firms in more than 60 countries rely on Advent technology to run their mission-critical operations. 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, Advent Portfolio Exchange, Axys and Geneva are registered trademarks of Advent Software, Inc.

About Empaxis (www.empaxis.com)

With over $30 billion in assets under administration and clients in New York, Chicago, San Francisco, Los Angeles, Dallas and many other parts of the country, Empaxis helps medium and large investment advisors lower their costs while providing them with access to an experienced team of operations experts who can provide customized back office services.

Spotlight Financial Marketing
For Empaxis
Marc Weinstein, 212-521-5902
Marc.weinstein@spotlightfm.com
or
Spotlight Financial Marketing
For Empaxis
P.J. Kinsella, 212-521-5908
Patrick.kinsella@spotlightfm.com

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