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Advent Software has increased the scale of its officespace presence in the Middle East with a move to a new development in Dubai, one of the major financial capitals of the region.
The company has its headquarters in San Francisco and offices in central London, New York and Hong Kong, and is now looking for added growth in the United Arab Emirates (UAE) and across the Middle East.
With clients and offices on four continents, Advent claims to be among the leading suppliers of investment management software solutions in the world and describes its Dubai office space switch as a milestone for its operation.
Demand for Advent’s services in the region has led to a growing workforce, which is now to be relocated to office space operated by the Dubai International Financial Centre, an organisation which the company has been involved with for the past five years.
“The Middle East is a very important market for Advent,” explained the company’s senior vice president and general manager for the region, Hakan Valberg.
“The opening of the new office is a milestone for us, as it demonstrates our expanding commitment to the Middle East and further strengthens Advent’s position as a leading global software and services provider.”
Having a strong local presence is seen as crucial in helping the investment software firm develop stronger ties with businesses based in a number of Middle East countries, including the UAE, Saudi Arabia, Egypt, Qatar and Bahrain.
Last month, the IT services and solutions company L&T Infotech made clear its intention to move to an area of office space at the Dubai Outsource Zone, which is designed to accommodate the needs of large multinational organisations within that particular industry.