Embedded multiple development teams to ensure seamless knowledge transfer and training
After demoing product to analysts, Advent's stock rose nearly 10% over three days
A year later, Advent was acquired by SS&C for $2.7B, a 40% premium
To maintain its market-leading position, Advent need to move its financial software—used to manage $14T in client assets—from the desktop to a cloud-first strategy. Presence’s embedded development teams migrated and extended the existing product suite to the cloud, developed Advent’s first mobile experiences, and created processes and teams to manage the new cloud business post-launch. In less than a year, Presence designed and launched Geneva, Advent’s cloud-based suite of products, across desktop and mobile devices. What's more, the launch did not disrupt service to the company’s more than 4200 investor firm customers across 50 countries.