Advent Software was acquired by SS&C Technologies in 2015 and now operates as SS&C Advent. See its history, products, and current status.
Advent Software was an investment management software company founded in San Francisco in June 1983 by Stephanie DiMarco and Steve Strand, built to provide portfolio accounting, trading, compliance, and reporting technology to investment managers, hedge funds, family offices, and wealth managers.
The company built its early reputation on genuine firsts in the space: it launched one of the first PC-based portfolio accounting systems in 1984, and introduced Axys, an early Windows-based portfolio accounting and reporting solution, in 1992. It later developed Advent Geneva, a global portfolio management platform used widely by hedge funds and asset managers.
Advent traded publicly on NASDAQ under the ticker ADVS for many years and became one of the most established, independently operated names in investment management technology before its acquisition.
On February 2, 2015, SS&C Technologies Holdings announced an agreement to acquire Advent Software for an enterprise value of approximately 2.7 billion dollars in cash, or 44.25 dollars per share plus assumption of debt, with the acquisition completing on July 8, 2015.
Following the acquisition, Advent's product lines were rebranded as SS&C Advent and continue to operate as a business unit within SS&C Technologies rather than as an independent company, with the combined entity serving more than 10,000 customers worldwide at the time of the deal.
SS&C Advent today organizes its offerings by functional capability rather than legacy Advent product names, spanning portfolio management, accounting and reporting, trading, compliance, fund order management, data management, client portals, and investor servicing, among other areas.
SS&C Advent, like most enterprise investment management software, is sold through direct enterprise sales with custom pricing based on assets under management, number of users, and which modules a firm licenses (portfolio accounting, trading, compliance, reporting, and so on).
There is no public self-serve pricing available for SS&C Advent products; prospective buyers, typically hedge funds, asset managers, and wealth management firms, engage directly with SS&C's sales team for quotes and implementation scoping.
Because the platform now spans SS&C's broader investment management technology portfolio, pricing can also depend on whether a firm licenses SS&C Advent modules alongside other SS&C products as part of a broader platform deal.
No, Advent Software was acquired by SS&C Technologies in 2015 and now operates as SS&C Advent, a business unit within SS&C rather than an independent company.
Advent Software was founded in San Francisco in June 1983 by Stephanie DiMarco and Steve Strand.
SS&C Technologies acquired Advent Software in a deal announced February 2, 2015 and completed July 8, 2015, for an enterprise value of approximately 2.7 billion dollars, or 44.25 dollars per share plus assumed debt.
Advent's notable products included Axys, one of the first Windows-based portfolio accounting systems, and Advent Geneva, a global portfolio management platform used by hedge funds and asset managers.
SS&C Advent is the current name for Advent Software's product lines, organized as a business unit within SS&C Technologies, offering portfolio management, trading, compliance, and reporting tools for investment managers.
SS&C Advent uses custom enterprise pricing based on assets under management, user count, and licensed modules; there is no public self-serve pricing.
SS&C Advent serves more than 5,000 buy-side firms globally, including hedge funds, asset managers, family offices, and wealth managers.