Bank Labouchere Private Banking Goes Live with Advent Office

Bank Labouchere Private Banking Goes Live with Advent Office

San Francisco, September 5, 2000 - Advent Software, Inc. (Nasdaq: ADVS) the leading provider of Enterprise Investment Management (EIM) technology, announces that Advent Europe has fully implemented Bank Labouchere Private Banking. The firm, an Amsterdam-based financial services institution providing asset management and securities advice for private investors, is using Advent Office™ to automate customer relationship management, portfolio accounting, and trade order management functions within the firm.

"Our goal is to provide our clients with the best service to meet their overall objectives, interests and investment preferences. To accomplish this, we needed an integrated portfolio management, trading and client relationship management solution. Advent Office provided the solution no one else could," said Robert Jan Busch, head of operations of Bank Labouchere.

"With Advent Office, we will be able to dramatically increase our number of clients, provide them with much better individual client service, and we won't have to increase our staff," he continued. "Advent Office has enabled us to modernize our back office in a remarkably short period of time."

"We’re extremely pleased to be working with Bank Labouchere. They represent the high-caliber financial services firm that Advent Europe is capable of partnering with in order to provide software and services to grow their business," said Inge Five, Chief Executive Officer of Advent Europe.

Bank Labouchere is using Advent Office at their Amsterdam headquarters, and is in the process of implementing the system in all of its seven regional Private Banking offices throughout the Netherlands.

Advent Europe was formed last year to expand Advent’s presence in overseas markets and take advantage of the growing international demand for Advent’s suite of investment management solutions. By establishing additional offices in key overseas countries, Advent is growing its presence in non-US markets with dedicated, local sales and support personnel.

Advent Software, Inc. is the leading provider of Enterprise Investment Management solutions. The company provides a suite of complementary products for the front, middle and back offices of investment management organizations. The company’s common stock is traded on the NASDAQ National Market under the symbol ADVS.

Kathleen Golden
Advent Software, Inc.
301 Brannan Street
San Francisco  CA  94107
(415) 645-1336

Emily Axelrad
Digital Clarity