Advent Europe On A Roll In The Middle East

Advent Europe On A Roll In The Middle East

LONDON – March 10, 2003 - Advent Europe, the leading provider of investment management solutions throughout Europe, announces that the Social Security Investment Unit (SSIU), an investment unit of the Social Security Corporation in Amman, Jordan, has chosen Advent for their Portfolio Management Solution.

SSIU chose Advent Europe after having studied the Advent solution and a number of alternatives thoroughly. Managing Director at SSIU, Mr. Hatim Shahed, says: "We were pleased by the many references Advent could present - happy clients who told us that the Advent solution simply works, that its scalability is unique, that it implements easily and that it's easy to use. This fact combined with our own conclusion that Advent Office fully supports our business, were the deciding factors for our decision."

Fast Implementation & Steady Growth
The solution will be implemented in March 2003. SSIU manage the investment portfolio of the Jordanian Social Security Corporation.

Advent Europe into the Middle East
CEO of Advent Europe, Mr. Torbjørn Tenmann, expressed enthusiasm when asked about the Middle East region. "For some time, we have worked systematically to penetrate the Middle East market. We are bullish about our opportunities there." says Tenmann.

About Advent Europe
Advent Europe is a leading provider of investment management solutions throughout Europe. Established in 1998 as an independent distributor and support organisation of Advent Software, Inc.® products, Advent Europe now has local presence across the continent. Since 2001, Advent Software has acquired Advent Europe distributors in Denmark, Greece, 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