San Francisco, CA, November 4, 2003 - today announces it has appointed John H. Scully to Advent’s Board of Directors. Mr. Scully is a managing director of SPO Partners & Co., a private investment firm he co-founded in 1991. SPO Partners is currently Advent’s largest shareholder.
Mr. Scully is a graduate of Princeton University and the Stanford Graduate School of Business. He is a director of Plum Creek Timber Company, ProQuest Company, and the privately held Hotel Equity Funds. He is a trustee of Stanford University, a director of the Stanford Management Company, a director of Stanford Hospital and Clinics, and a member of the Stanford Graduate School of Business Advisory Board. He is a former charter trustee of Princeton University. Mr. Scully is also chairman and founder of the Making Waves Educational Program, which services more than 450 inner-city youth and their families in the San Francisco Bay Area with an extensive program of after-school tutoring, mentoring and college guidance.
“We are thrilled to have someone of John Scully’s stature joining our board,” said Stephanie DiMarco, Advent CEO and Chairman. “John’s broad experience in the financial services industry will be a tremendous benefit to Advent.”
“I have followed Advent's progress since before the Company came public and have greatly admired the business built by Stephanie DiMarco and the talented and dedicated employees of Advent,” said John Scully. “It is with great enthusiasm that I join the Board of Directors of Advent Software.”
Advent Software, Inc. (www.advent.com) has been providing trusted solutions to the world’s leading financial professionals since 1983. Firms in 55 countries use Advent technology to manage investments totaling more than US $8 trillion. Advent’s quality software, data, services and tools enable financial professionals to improve service and communication to their clients, allowing them to grow their business while controlling costs.
Graham Smith - Chief Financial Officer
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