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MicroEdge Announces Release of MicroEdge Portico™ Exec
Online business analytics connect foundation executives to key management intelligence
New York - Occtober 23, 2007 - MicroEdge, Inc., a wholly-owned subsidiary of Advent Software (NASDAQ: ADVS) and leading provider of solutions for the grantmaking community worldwide, today announced the release of MicroEdge Portico™ Exec, a web-based business analytics tool that provides foundations with 24/7, online access to timely, concise performance data that is essential to foundation management and decision making.
The latest offering from the MicroEdge Portico™ family of high-performance, online portal technology solutions for the giving community, Portico™ Exec enables the consolidation of the vast array of information stored within MicroEdge’s FIMS and FoundationPower foundation management systems into a powerful assessment and decision support tool. MicroEdge Portico™ Exec allows powerful management insight into key performance, forecasting and peer comparison information, in a highly visual, easy to understand format.
Through a convenient interactive dashboard, foundation executives can monitor and assess foundation performance by tracking and analyzing key donor, giving, grant, constituent and financial information. Comprehensive forecasting tools provide a view of vital foundation statistics and projections, with the ability to create scenario analyses to see how different scenarios might impact performance.
MicroEdge Portico™ Exec is a centralized, hosted solution that gives MicroEdge the unique ability to aggregate industry-wide trends and statistics for benchmarking purposes; as a result, foundations can measure their progress by comparing growth rates, trends and more against industry and peer group benchmarks.
"MicroEdge Portico™ Exec is an excellent tool that will significantly enhance our management’s decision-making and increase our internal productivity," says Richard G. Drolet, Director of MIS for the Community Foundation of Greater New Haven. "MicroEdge Portico™ Exec is very easy to use. One of the major benefits is its ability to provide an online view of trends for key organization indicators, enabling management to make better decisions for our foundation. The models also provide the analytical functionality to do ‘what if’ analysis for future planning."
"Leading foundations have chosen MicroEdge products and services more than any other provider for their philanthropic solutions, and MicroEdge Portico™ Exec exemplifies exactly why foundations continue to choose MicroEdge," says MicroEdge President Jim Weil. "MicroEdge Portico™ Exec fills the pressing need for ready access to executive-level information with cutting-edge technology that has a measurable impact on helping foundations improve their management decision making processes."
About MicroEdge
Established in 1985, MicroEdge, Inc. (www.microedge.com), a subsidiary of Advent Software, Inc. is the leading provider of software and services to the giving community worldwide. MicroEdge solutions deliver a powerful, integrated, and open framework for efficient and effective charitable giving. The company is committed to providing the best technology toolset for foundations, corporations, government agencies, donors, advisors and financial institutions. Together, these tools help organizations to work with one another to raise, invest, manage and award charitable currency. MicroEdge, Inc. is headquartered in New York City with regional offices throughout the U.S. and Europe, and supports thousands of clients worldwide.
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About Advent
Advent Software, Inc. (www.advent.com), a global company, has provided trusted solutions to the world’s leading financial professionals since 1983. Firms in 60 countries use Advent technology and manage investments totaling nearly US $18 trillion. Advent’s quality software, data, services and tools enable financial professionals to improve service and communication to their clients, allowing them to grow their business while controlling costs. Advent is the only financial services software company to be awarded the Service Capability and Performance certification for being a world-class support organization. For more information on Advent products, click here.
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Forward Looking Statements
Any forward looking statements included in this press release involve risks and uncertainties that could cause actual results to differ materially from our expectations. These risks and uncertainties include market acceptance of new products, the impact of initiatives by competitors, and other risks detailed in Advent's filings with the Securities and Exchange Commission, including, but not limited to, its annual report on Form 10-K and quarterly reports on Form 10-Q, as amended, copies of which may be obtained by contacting Advent Software at 415-645-1787, or by visiting Advent's Investor Relations website at www.advent.com.
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