San Francisco, February 17, 2000 - Advent Software, Inc. (Nasdaq: ADVS) today announced that its Board of Directors has approved a 2-for-1 common stock split. Shareholders on the record date of February 28, 2000 will be entitled to one additional share for every share they own on that date. New shares will be issued by the company’s transfer agent, Boston EquiServe LP, on March 13, 2000. The date on which the split shares will be reflected on NASDAQ trading prices is March 14, 2000. Advent Software, a Delaware Corporation, will effect the stock split in the form of a stock dividend.
Advent Software, Inc. is a leading provider of Enterprise Investment Management solutions, offering stand-alone and client/server software products, data interfaces, and related services that automate and integrate mission-critical functions of investment management organizations. Advent Office™, the industry's first and only Enterprise Investment Management solution,enables investment firms to build a truly client-centric organization.
Advent Office is a suite of complementary products used to automate the entire range of investment management functions, including portfolio management, client relationship management, trade order management, datawarehousing, partnership accounting, reconciliation management, and web-based portfolio, performance and analytic reporting. Advent has licensed its products to more than 5,800 financial institutions in 36 countries for use by more than 60,000 concurrent users. The company's common stock is traded on the Nasdaq National Market under the symbol ADVS.
Irv H. Lichtenwald - CFO
Robin Goodstein – Inv Relations
Advent Software, Inc.
301 Brannan Street
San Francisco CA 94107