Advent - About the company
Advent is an acquired company based in San Francisco (United States), founded in 1983 by Reed Colley. It operates as a Portfolio management solutions for investment & wealth management firms. The company has 289 active competitors, including 31 funded and 32 that have exited. Its top competitors include companies like OnCorps, IPC and Saphyre.
Company Details
Advent provides portfolio management solutions for investment & wealth management firms. It offers solutions such as Corporate Actions for risk management of automated transactions, Custodial Data for consolidated account management, Index Data for automated receipt of index performance, and more. Its features are client portal, client relationship management, reconciliation & workflow management, and more.
- Website
- advent.com
Key Metrics
Founded Year
1983
Location
San Francisco, United States
Stage
Acquired
Investors
Ranked
8th among 289 active competitors
Annual Revenue
$100M - $500M as on Dec 31, 2014
Employee Count
1,510 as on Sep 30, 2026
Investment & Acquisitions
Exit Details
Acquired by SS&C Technologies (Feb 02, 2015)
Legal entities associated with Advent
Advent is associated with 3 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
ADVENT NORWAY AS CIN: 979515715 , Norway, Active | Jan 06, 1998 | - | 7 (As on Dec 31, 2023) | |
ADVENT SOFTWARE INC /DE/ CIN: 1002225 , United States, Active | Oct 03, 1995 | $100M - $500M (As on Dec 31, 2014) | 906 (As on Dec 31, 2014) | - |
Advent Software Inc CIN: 2544347 , United States, Active | Oct 03, 1995 | - | 906 (As on Dec 31, 2014) | - |
Advent's acquisition details
Advent got acquired by SS&C Technologies on Feb 02, 2015 at an acquisition amount of $*****.
Click here to take a look at Advent's acquisition in detail
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Advent's funding and investors
Advent is a funded company. Advent has 1 institutional investor.
View details of Advent's funding rounds and investors
Advent's founders and board of directors
Founder? Claim ProfileThe founders of Advent is Reed Colley.
Here are the details of Advent's key team members:
- Reed Colley: SVP/GM, Founder of Black Diamond of Advent and founder of 1 other company.
View details of Advent's Founder profiles and Board Members
Advent's employee count trend
Advent has 1,510 employees as of Sep 26. Here is Advent's employee count trend over the years:
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Advent's Competitors and alternates
Top competitors of Advent include OnCorps, IPC and Saphyre. Here is the list of Top 10 competitors of Advent, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | OnCorps 2011, Boston (United States), Series C | Developer of AI platform for fund operations and reporting reviews | $60.8M | 66/100 | |
2nd | IPC 1973, Jersey City (United States), Acquired | End-to-end lifecycle tech solutions provider | - | 63/100 | |
3rd | Saphyre 2017, Hoboken (United States), Series B | Pre-trade and post-trade analytics and onboarding solutions | $88.7M | 62/100 | |
4th | FINBOURNE Technology 2016, London (United Kingdom), Series B | Provider of a cloud-native data management platform tailored for investment management | $95.9M | 60/100 | |
5th | Charles River 1984, Burlington (United States), Acquired | Cloud-based portfolio management solutions for wealth and investment managers | - | - | 58/100 |
6th | Haruko 2021, London (United Kingdom), Series A | Provider of portfolio and risk management solutions for digital assets | $33.1M | 58/100 | |
7th | Clear Street 2018, New York City (United States), Series B | Trade life cycle management platform for brokerages | $762M | 58/100 | |
8th | Advent 1983, San Francisco (United States), Acquired | Portfolio management solutions for investment & wealth management firms | - | 57/100 | |
9th | Additiv 1998, Zurich (Switzerland), Acquired | Loan life cycle management software | $21.2M | 56/100 | |
10th | Montran 1979, New York City (United States), Unfunded | Provider of payment, settlement and CSD solutions to banks | - | - | 56/100 |
Looking for more details on Advent's competitors? Click here to see the top ones
Advent's Investments and acquisitions
Advent has acquired 3 companies including Black Diamond Performance Reporting, Goya.no and Tamale Software. Advent has not made any investments as of now.Here is the list of its acquisitions:
Date of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
Jun 02, 2011 | Acquisition | 2003 | Jacksonville (United States) | |
Mar 11, 2010 | Acquisition | 1999 | ||
Sep 04, 2008 | Acquisition | 2002 | New York City (United States) |
See all acquisitions by Advent
Reports related to Advent
Here is the latest report on Advent's sector:
News related to Advent
Media has covered Advent for a total of 4 events in the last 1 year, 1 of them has been about company updates.
•
Vinci Secures $250 Million Series B Funding Round Led by Advent, Temasek, and XoraMassinvestor•Oct 15, 2026•Advent, Vinci
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Negotiations for Amil's sale to José Seripieri Filho advance, but price remains a sticking point.Grupoglobo•Aug 21, 2026•Advent, com.br, Bain Capital, TA Associates and 3 others
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Ridgeline Expands Leadership Team with Appointments of Daniel Eriksson and Lisa FaucherGlobal Fintech Series•Sep 11, 2025•Ridgeline, Workday, Advent
•
SSC Technologies Adds Investment Management Services to Black Diamond Wealth PlatformBusiness Wire•Jul 10, 2025•SS&C Technologies, Advent
•
Bain, Advent discuss $100-mn round in Mintifi as loan book jumpsThe Arc•Sep 02, 2024•Bain Capital, Advent International, Mintifi, Ontario Teachers' Pension Plan and 1 other
•
atNorth Expands Leadership With Three Key New HiresCision•Jun 27, 2023•atNorth, Advent, STACK INFRASTRUCTURE, Rapyd and 1 other
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Collaboration between SS&C’s Black Diamond Wealth Platform’s and RightCapitalPrivatebankerinternational•Mar 21, 2023•Advent, RightCapital
•
Transcend Appoints Advisory Board Members to Support Global ExpansionFintech Finance•Jan 27, 2023•Transcend, Advent, Transcend
•
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Pontera Announces Integration with SS&C’s Advent Custodial Data® Network to Help Advisors Manage Clients’ Retirement AssetsBusiness Wire•Apr 28, 2022•Pontera, Advent
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