Thursday, March 11, 2010

Advent Software Buys Norwegian Software Firm

San Francisco-based Advent Software, a developer of software for the financial industry, announced Thursday that it has acquired Goya AS, a Norwegian software provider. Advent said it would use the buy to offer Goya's Tradex software for fund managers and fund distributors. Tradex is used by fund resellers, financial advisors and wealth managers to manage investment funds. Financial terms of the buy were not disclosed.