Advent Software, Inc.
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Advent Software, Inc. - overview
Established
1983
Location
San Francisco, CA, US
Primary Industry
Software
About
Advent Software, Inc. provides a diverse range of financial technology solutions that enhance the investment lifecycle for financial services firms globally, focusing on optimizing workflows and improving operational efficiency. Founded in 1983 and headquartered in San Francisco, US, Advent Software, Inc. specializes in financial technology solutions.
The firm was founded by Manpuneet Benipal, who has a history of entrepreneurial involvement in the sector. Advent has successfully completed 4 deals, with the latest funding round being a PIPE worth USD 190. 40 mn, bringing the total amount raised to USD 190. 40 mn.
SS&C Advent offers a comprehensive suite of financial technology solutions aimed at streamlining the investment lifecycle across various sectors. Their core offerings include portfolio management, accounting and reporting, fund order management, and client relationship management. These solutions empower asset managers, wealth managers, and alternative investment firms by integrating advanced analytics and data management capabilities, fostering collaboration and addressing the complexities of personalized investment strategies. SS&C Advent's products are utilized by clients in North America, Europe, and Asia-Pacific, enhancing operational efficiency in these key markets.
In 2014, Advent Software, Inc. generated a revenue of USD 396. 82 mn, with an EBITDA of USD 106. 39 mn.
The company’s revenue model is supported by subscription-based services and partnerships in the financial services sector, particularly through its flagship product, the Black Diamond Wealth Platform. Advent Software, Inc. plans to leverage the recently raised funds from the PIPE round to enhance its product offerings and expand into new geographic markets. The company is focusing on developing new products that cater specifically to emerging markets in Asia-Pacific and Europe, aiming to launch these solutions within the next 18 months.
The recent funding will support these initiatives, following TPG's exit from its stake in Advent Software, Inc.
Primary Industry
Software
Sub Industries
Accounting/Finance Software, Analytics & Performance Software, Customer Relationship Management, Systems Management Software
Website
www.advent.com
Verticals
Cloud Computing
Company Stage
Mature
Total Amount Raised
Subscriber access only
Advent Software, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Private Placement/Follow on | Completed | Advent Software, Inc. | - | ||||||||
| PIPE | Completed | Advent Software, Inc. | - | ||||||||
| Buyout | Completed | MicroEdge, Inc. | - | ||||||||
| Unspecified Exit | Completed | Advent Software, Inc. | - |
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Advent Software, Inc. - employee data
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