Avalon Advisors Leverages Advent Revenue Center® to Achieve Increased Operational Efficiency

Avalon Advisors Leverages Advent Revenue Center® to Achieve Increased Operational Efficiency

Investment Advisory Firm Drastically Reduces Time to Calculate Fees and Automates SEC Compliance Reporting with Advent’s Comprehensive Revenue Management Solution

SAN FRANCISCO – September 24, 2008 – Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services for the investment management industry, today announced that Avalon Advisors, LLC has been enjoying the benefits of Advent Revenue Center®, its comprehensive revenue management solution that was launched in 2007.  Based in Houston, Avalon is a wealth management firm with over $3.3 billion in assets under management. 

Avalon has relied on the full suite of Advent solutions since its inception in 2001, including: Moxy®, Advent’s leading trade order management solution; Advent Partner®, Advent’s solution for onshore and offshore investor accounting and servicing; and Axys®, Advent’s turnkey portfolio accounting and reporting solution.  As Avalon’s business grew in size and complexity, it needed a more comprehensive, integrated revenue management system.  Advent Revenue Center® has streamlined Avalon’s revenue management process, adding to Avalon’s full suite of Advent products, which provide a completely integrated platform that delivers increased operational efficiency.

“We needed a billing and revenue management solution that could keep pace with our growth while satisfying our compliance requirements -- and it had to be a solution that could produce accurate historical fee calculations for prior periods rapidly, in order to comply with any requests made during routine SEC audits,” said Gary Bonner, Chief Operating Officer, Avalon Advisors.  “What used to take us seven business days to do, we are now able to do in about one or two; we no longer have to go back manually to make sure that everything has been calculated properly because we know the numbers are accurate.  From a compliance perspective, Advent Revenue Center® has really given us a confidence and peace of mind.”

“We are delighted to have Avalon Advisors as part of a community of over 50 investment management firms using Advent Revenue Center® to support their growth objectives and achieve operational efficiency,” said Michele Holton, Director of Product Marketing for Advent.  “We’re grateful for Avalon’s continued confidence in Advent’s innovative suite of mission-critical solutions, which free our customers to focus on their core activities while providing even greater service directly to their clients.”

About Avalon Advisors
Avalon Advisors, LLC, based in Houston, manages equity, fixed income and balanced portfolios for wealthy families and the endowments, foundations and trusts they serve.  Avalon currently has over $3.3 billion in assets under management.

About Advent
Advent Software, Inc. (www.advent.com), a global company, has provided trusted solutions to the world’s leading financial professionals since 1983.  Firms in 60 countries use Advent technology and manage investments totaling nearly US $18 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.  Advent is the only financial services software company to be awarded the Service Capability and Performance certification for being a world-class support organization.  For more information on Advent products, click here

The Advent logo, Advent Software, Advent Partner, Advent Revenue Center, Axys and Moxy are registered trademarks of Advent Software, Inc.  All other company names or marks mentioned herein are those of their respective owners.

Jessica Miller
Advent Software, Inc.
(415) 645-1668