March 2, 2011 – Advent Software said it acquired Syncova Solutions, a privately held UK-based company that provides margin management and financing software to about a dozen hedge funds and prime brokers.
Terms of the transaction were not disclosed, but the San Francisco headquartered Advent touted the deal’s ability to expand its reach in the alternative investments market where its Geneva portfolio management software is used by over 150 hedge funds; 20 prime brokers and 40 fund administrators.
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