Advent Software Selects Penta To Join Cloud Hosting Program

Released on: June 05, 2014, 2:10 am (EDT)
Industry: Financial

Geneva, Switzerland, -- /EPR NETWORK/ -- Private cloud computing supplier Penta today announced that Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services for the global investment management industry, has chosen Penta as one of the companies that will host their investment management products in the cloud.

Penta specializes in delivering cloud computing solutions to businesses requiring high reliability, business continuity, data security, regulatory compliance, and confidentiality. Penta’s private cloud services are compliant with Swiss regulations as well as Dubai DIFC, and are ISAE 3402 audited – most recently by Ernst & Young. With Penta’s local cloud infrastructures, Advent’s clients in Europe and the Middle East, who operate in the highly regulated investment management sector, will now have access to Penta’s local cloud hosting services, providing them with the regulatory IT compliance and the confidence that their systems are secure.

“Penta’s relationship with Advent brings together two key ingredients for the investment management industry: Penta’s secure, reliable, and compliant cloud hosting infrastructure, and Advent’s industry-leading financial management solutions,” says CEO Farhad Khalilnia. “Together, we can deliver the complete package to give our shared clients a sustained competitive advantage from their IT solutions.”

Penta is headquartered in Geneva, Switzerland, has offices in the Dubai International Financial Centre (DIFC), operating in four Tier-3+ redundant data centers with dedicated fiber-optic connections to London, Athens, and Moscow, as well as a standalone infrastructure in Tokyo.

Advent’s award winning solutions are relied upon by investment managers around the world for client and portfolio management, trading and compliance, performance reporting and accounting, research management, and more.

“By working with Penta, our clients can leverage Advent’s world-class investment management solutions in the cloud,” said Håkan Valberg, President, Advent Software EMEA. “We chose to collaborate with Penta in Europe and the Middle East because of its long track record in the cloud, dedication to security and regulatory compliance, and its unique audited offer for investment managers.”

About Penta
Penta is a private cloud-based information system management company founded in 1996 and headquartered in Geneva, with offices in Dubai’s DIFC. Its clients are predominantly in the financial sector and other sensitive industries that require high reliability, data security, regulatory compliance and ensured business continuity. Penta’s approach is to partner with clients to supply a complete IT package in order to add value to operations and ensuring a better return on IT investments. Additional information is available at

About Advent Software
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 4,400 firms in nearly 60 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
Advent and Advent Software are registered trademarks of Advent Software, Inc. All other company names or marks mentioned herein are those of their respective owners.

Contact: Peter Philp, Communications manager, +41 78 769 0035,

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