Advent Software And Kinexus Announce Strategic Alliance

Advent Software And Kinexus Announce Strategic Alliance

San Francisco, CA and New York, NY, January 23, 2001 - Advent Software, Inc. (Nasdaq: ADVS) the leading provider of enterprise investment management software, and Kinexus Corporation, a provider of premium wealth information management services, have signed a strategic alliance that will greatly enhance the investment management industry's ability to compete on a new level, by providing a total information solution for cross-institutional consolidated information.

Under this agreement, Advent TrustedNetworkSM and Kinexus' Total Wealth Intelligence service will work together supplying investment advisors with the most complete toolset to consolidate information among multiple institutions, in order to provide their clients with a single, holistic view of their entire net worth. The two companies are introducing the most complete service for consolidated reporting seen in the industry by combining Advent TrustedNetwork's wide breadth of data providers and portfolio management and consolidation platforms with Kinexus' data capture and cleansing tools, consolidation and aggregation services and variety of views and data around net worth and holdings.

"Our partnership with Advent dramatically increases our institutional connectivity through the Advent TrustedNetwork, and greatly reduces the time necessary to deliver our total wealth information management service to participating institutions," said Harry Totonis, CEO of Kinexus Corporation. "Financial institutions and advisors are "majoring" in client relationships and service. It is no longer a luxury for those institutions to provide their clients with the latest and total data in a reporting system - it is a competitive necessity. They must provide tax-layered reporting, performance measurement, risk management and other decision making tools, tailored to each client's precise specifications, at the start of each day."

"Professional investment advisory firms are in need of a sophisticated consolidation solution that will differentiate their service from their competitors', and allow them to stand out from the crowd of companies competing for their clients' attention. By joining forces with Kinexus, we are providing current and potential clients with the most complete consolidation technology available today, and in the process, we are offering institutions a competitive advantage for the primary advisory relationship," said Peter Caswell, President and CEO of Advent Software.

Advent TrustedNetwork was developed to provide consolidated, cross-institutional data to investment advisors and online financial service providers. Through the Advent TrustedNetwork platform, this data can be dynamically manipulated to address a number of investment portfolio questions whose answers have a direct impact on tax planning and critical investment decisions.
Kinexus offers financial institutions secure direct-feed based consolidation and aggregation services that enable client advisors to provide daily, comprehensive consolidated financial reporting to their high net-worth clients. This unique service supports a broad range of asset and liability classes held in multiple currencies, tax entities and complex ownership structures, providing otherwise unavailable financial reporting and decision support.

About Kinexus

Founded in 1994 as The Witan Group, Kinexus is the premier wealth information management services company that enables financial institutions to provide wealthy clients with a complete, consolidated picture of their net worth through a variety of new media channels. Kinexus' technology platform also links client financial data with a range of value-added decision-support and reporting capabilities, enabling clients to analyze and act on their information as never before, and giving our financial institution partners the very best tools to service premium customers. For more information please go to

About Advent Software

Advent Software, Inc. is the leading provider of Enterprise Investment Management solutions. The company provides a suite of complementary products for the front, middle and back offices of investment management organizations. Advent has more than 700 employees located in San Francisco, New York and Australia. The company's common stock is traded on the NASDAQ National Market under the symbol ADVS.

Editor's Note: For more information or to license Advent Software products, readers can contact Advent Software, 301 Brannan Street, San Francisco, CA 94107; phone (415) 543-7696, or visit Advent's web site at

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.

Kathleen Golden
Advent Software, Inc.
301 Brannan Street
San Francisco  CA  94107
(415) 645-1336

Emily Axelrad
Digital Clarity