San Francisco, August 14, 2001 - Advent Software, Inc. (Nasdaq: ADVS) today announced the public offering of 2,750,000 shares of common stock. Of the shares being offered, 2,550,000 shares are being sold by Advent, and the balance of shares is being sold by a selling stockholder. The offering was initially announced at 2,500,000 shares of common stock, but was increased due to investor demand. The offering is being 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 412,500 shares of common stock 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.
Copies of the prospectus 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