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May 15, 2014. | Financial services

Advent Software selects Penta to join cloud hosting program

Private cloud computing supplier Penta today announced that Advent Software, 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.”

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