New York – May 19, 2014 – Fascet LLC, a leading financial technology solutions provider, announced today that it has become an authorized hosting provider of Advent Software, Inc. (NASDAQ:ADVS), a leading provider of software and services for the global investment management industry. As part of the relationship, Fascet is now an authorized provider of managed hosting services to firms that use Advent’s award winning solutions for portfolio management, reporting, accounting, trading, compliance, margin and finance management, and other critical functions.
Fascet’s Platform-as-a-Service (PaaS) hosting and distribution model, in conjunction with a twelve year track record of working with Advent clients and solutions, creates a highly scalable trading and operations infrastructure for investment managers. Clients will pay a single, predictable monthly amount for all of the system administration, server hardware, disaster recovery, server monitoring, and server software licensing required for optimal performance of Advent’s solutions. Additionally, Fascet provides a unique support model where client service requests are resolved by Fascet’s Advent-certified consultants.
“We are excited about this new relationship with Advent because it allows us to combine our experience managing private cloud infrastructures with our in-house Advent product expertise. This ability to offer both hosting and application support enables us to provide a superior client service experience.” said Brian Baskinger, Founder and Senior Partner of Fascet, LLC.
“Our collaboration with Fascet is a great example of Advent’s commitment to continuously finding ways to improve client experience and accessibility,” said Chris Momsen, EVP, Sales and Solutions Management, Advent Software. “We are pleased to name Fascet as one of our authorized providers and look forward to a productive relationship that benefits our mutual clients.”
Over the last 30 years of industry change, our core mission to help our clients focus on their unique strategies and deliver exceptional investor service has never wavered. With unparalleled precision and ahead-of-the-curve solutions, we’ve helped over 4,300 firms in more than 50 countries — from established global institutions to small start-up practices — to grow their business and thrive. Advent technology helps firms minimize risk, work together seamlessly, and discover new opportunities in a constantly evolving world. Together with our clients, we are shaping the future of investment management. For more information on Advent products visit http://www.advent.com.
Advent, Advent Software, the Advent and logo composite, and Advent Portfolio Exchange are registered trademarks of Advent Software, Inc. All other company names or marks mentioned herein are those of their respective owners