Advent Europe Gains Momentum In Southern Europe

Advent Europe Gains Momentum In Southern Europe

Allianz Finance A.E.P.E.Y. All Set For Expansion With Advent Office™

ATHENS, GREECE - March 7, 2002 - Advent Europe, the European distribution arm of Advent Software, Inc.® (NASDAQ: ADVS), announces that Allianz Finance AEPEY, a subsidiary of the Allianz’s Group operation in Greece, has chosen Advent Office as their integrated solution for their trade order management, their portfolio accounting and reporting system, and client relationship management needs.

More time on understanding client needs
"We examined the market for an investment management solution and consulted with European subsidiary operations on the supplier of choice," says Mr. Angelos Politis, Executive Director of Allianz Finance. "We ultimately chose Advent Office™ because of its scalability, stability, flexibility, industry best practices, global client-base and user-friendliness. Our investment in Advent Europe’s solution will allow us to expand our business quickly. Spending less time on manual processes allows us to spend more time on understanding our client needs", concludes Mr. Politis of Allianz Finance. Several competitors were out-competed by Advent Hellas S.A., the Greek local operation of Advent Europe.

Advent Hellas continues to grow
"We are extremely excited to have Allianz Finance AEPEY, the asset management arm of Allianz in Greece to join our Hellenic client base. We look forward to working closely with them as their solutions partner," said Advent Europe’s Regional Director of Greece, Makis Ioannou. "As Advent Hellas continues to grow, we look forward to serving more companies in Greece and the Southern European region, as well as developing more client references.

About Allianz Finance A.E.P.E.Y
Allianz Finance A.E.P.E.Y. is a subsidiary operation of the 1992 founded Hellenic Allianz Group. With a share capital of almost Euro 3 Million, they offer complete asset management services to private institutional clients.

Allianz’s complete range of services includes transactions of all types of financial instruments as well as high quality investment advice to their corporate clients. Providing a competitive advantage and great customer service for their clients, are two of the main priorities of Allianz Finance. Allianz Asset Management, a part of the global Allianz Group, is the fourth largest asset manager in the world and operates with combined assets-under-management of over USD 700 billion. The Allianz Group is one of the leading financial services enterprises in the world - not only in terms of sales volume, but also in terms of market capitalization.

About Advent Europe
Advent Europe is the fastest growing pan-European provider of investment management solutions in Europe. Established in 1998 as an independent distributor of Advent Software, Inc. products, Advent Europe now has a local presence in 10 countries across the continent. In December 2001, Advent Software acquired Advent Europe distributors in Denmark, Norway, and Sweden.

Advent Software, Inc. has been providing trusted solutions to the worlds' leading asset managers since 1983. Firms in 55 countries use Advent technology to manage investments totalling more than US $8 trillion. Advent's quality software, data, services and tools enable managers to improve service and communication to their clients, allowing them to grow their business while controlling costs. Advent's common stock is traded on the NASDAQ National Market under the symbol ADVS.

Advent Software Inc. is located at 301 Brannan Street, San Francisco, CA 94107, telephone +1 415 543 7696, Advent Software, Inc. is a registered trademark of Advent Software. All other products or services mentioned herein are trademarks or registered trademarks of their respective companies.

Anne Line Lande, Marketing Manager
Advent Europe