Options Private Financial Cloud Continues Growth: Selected as an Advent Software Service Provider

NEW YORK, Dec. 19, 2012 /PRNewswire/ -- Options, the provider of the Options PIPE® Private Financial Cloud services platform for the exchange, banking, trading and investment communities, announced today that it has been chosen as an IT hosting provider for Advent Software, Inc.

Through this collaboration, already live in production, Options will be hosting Advent's Geneva® solution on the Options PIPE® Private Financial Cloud. The program will also train Options employees to gain expertise on the specific platform and configuration needs of Geneva®.

"Over the past few years, our clients in the hedge fund industry are increasingly interested in best-in-class choices for application hosting and data storage," said Chris Momsen, Senior Vice President and General Manager at Advent. "We are very pleased to be expanding our network for clients by working with a company like Options, which continues to be an innovative presence in the area of infrastructure-as-a-service."

"As one of the largest hedge fund and alternative investment technology hosting providers in the capital markets, we know our customers count on us to build deep technical support relationships with the critical application providers on which they run their businesses," said Nigel Kneafsey, CEO at Options. "We're very proud to have joined forces with an industry cornerstone like Advent to deliver this sort of integrated service to the financial community."

Options PIPE® Private Financial Cloud services include PIPE Core, a fully-specified IT and telephony service delivered direct to your desktop; PIPE Momentum, an optimized managed hosting service for all front-, middle-, and back-office financial applications; and PIPE Velocity, direct market access with the lowest latency.

About Advent

Advent Software, Inc., a global firm, has provided trusted solutions to the world's financial professionals since 1983. Firms in more than 60 countries count on Advent technology to run their mission-critical operations. 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 operational risks and costs. For more information on Advent products visit http://www.advent.com/about/resources/demos/pr.

Advent, Advent Software and Geneva are registered trademarks of Advent Software, Inc.  All other company names or marks mentioned herein are those of their respective owners.

About Options

Options is the premier provider of infrastructure products to the Global Financial Services sector. Founded in 1993, the company began life as a hedge fund technology services provider focused on the London market. In 2002, the company made a strategic decision to change focus from consulting to delivering shared infrastructure products, becoming the first provider to offer cloud services to the financial sector. The result was the Options PIPE® Platform and the "Private Financial Cloud" offering. Today over 130 firms globally leverage Options PIPE®, including leading hedge funds, funds of funds, proprietary trading firms, market makers, broker/dealers, private equity houses, exchanges and global investment banks.

Options PIPE^® Platform Services:

PIPE Core
Essential business technology from email and office applications to phones and tablets

PIPE Momentum
Hosting and management of the applications that run your business, front to back

PIPE Velocity
Low latency trading, FIX connectivity, market data and computing infrastructure

This press release was issued through eReleases® Press Release Distribution. For more information, visit http://www.ereleases.com.

SOURCE Options