To Extend Reach, Advent Acquires Data Exchange

FRONT PAGE

Advent Software Inc. has purchased competing portfolio management and accounting system vendor Data Exchange Inc. Advent was drawn to acquire Data Exchange because the latter had two things the former lacked: relational database technology and a high-end customer base consisting of firms having an average of $7 billion in assets. Advent plans to retain all 38 Data Exchange employees--including Data Exchange's president Bruce Hechler.

The San Francisco-based Advent paid $4.8 million cash for

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: