New Advent Software CEO outlines objectives

Advent Software’s incoming CEO Peter Hess has outlined his objectives, in the run-up to taking over the role previously held by company founder Stephanie DiMarco.

Hess (pictured) was appointed to take over by 30 June, as DiMarco moves on to serve as a director on Advent’s board. He has been with the company since 1994, most recently in the position of president, a role he will retain when he takes over as CEO.

Hess said that there are three key technology trends – the Cloud, mobile and social – affecting the solutions being developed for clients, but that these are more likely to affect “how” the company does things, not “what” it does.

“In order to give our clients a competitive advantage there are some technology trends and industry trends that are opportunities, and we want to make sure that our solutions take advantage of those trends: Cloud, mobile, social.”

Hess said the Cloud trend is important from the perspective of total cost. Customers can see the value proposition in Cloud services.

The social part derives from the desire to develop workflows that can facilitate connections with outside people, which can improve job efficiency.

And the increasing spread of mobile means Advent needs to ensure applications run effectively on any mobile device.

For Advent this means “investments in upgrading technology, in the form of new releases over time.” It is also important to work towards adapting the new technologies so that “clients get access to the latest and greatest, because it’s a real value proposition,” Hess said.

“When the value proposition is really real, we want to be first ones to deliver a solution to the market.”


Advent has already shifted to a global approach in design and launch practices. This means products and upgrades are launched globally at the same time – not, for example, through a US-first launch.

Results since the approach was instigated last year are described by Hess as “positive”, although ensuring platform releases globally every six moths is a challenge, he admits.

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