Advent Software, Inc. Announces Filing For Public Offering of 2,500,000 Shares of Common Stock

Advent Software, Inc. Announces Filing For Public Offering of 2,500,000 Shares of Common Stock

San Francisco, CA, July 27, 2001 - Advent Software, Inc. (Nasdaq: ADVS) today announced that it has filed a registration statement with the Securities and Exchange Commission for the proposed public offering of 2,500,000 shares of common stock. The Company intends to sell 2,300,000 shares in the offering and the balance of shares will be sold by a selling stockholder. The offering will be managed by Credit Suisse First Boston; J.P. Morgan Securities, Inc.; Goldman, Sachs & Co.; and Lehman Brothers. The underwriters have an option to purchase up to an additional 375,000 shares of common stock from the Company solely to cover over-allotments.

Advent intends to use the net proceeds from its sale of shares in the offering for general corporate purposes, including working capital and capital expenditures, and potential acquisitions of complementary companies, products, or technologies.

Advent Software, Inc. is a leading provider of Enterprise Investment Management solutions that automate and integrate mission-critical functions for investment management professionals. Advent has licensed its products to more than 6,500 financial institutions in 45 countries for use by more than 60,000 concurrent users.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sales of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities law of any such state.

A copy of the preliminary prospectus relating to the offering may be obtained from the offices of Credit Suisse First Boston Corporation Prospectus Department, 11 Madison Avenue, New York, NY 10010, telephone (212) 325-2000; J.P. Morgan Securities, Inc, Prospectus Library, 60 Wall Street, New York, NY 10260, telephone (212) 648-9922; Goldman, Sachs & Co., 85 Broad Street, New York, NY, telephone (212) 902-1171; or Lehman Brothers, c/o ADP Prospectus Dept., 55 Mercedes Way, Edgewood, NY 11717, telephone (631) 254-7106.

Irv H. Lichtenwald - CFO
Robin Goodstein – Inv Relations
Advent Software, Inc.
301 Brannan Street
San Francisco  CA  94107
(415) 543-7696