Innovation and Growth Mark Black Diamond Debut at AdventConnect 2011

Innovation and Growth Mark Black Diamond Debut at AdventConnect 2011

New Capabilities for Advisors Featured at Industry Event

BOSTON, MA – AdventConnect 2011 – September 14, 2011 – Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services for the global investment management industry, demonstrated Black Diamond’s post-acquisition momentum at AdventConnect, the company’s annual user conference. Bolstered by Advent, Black Diamond has added resources to client support and development teams and continues to deliver new features and functionality to support Advisors and win new clients at an impressive rate. Black Diamond currently supports over $85 billion in assets on the platform and is nearing 300 advisory clients.

“The pace at which we are innovating has only accelerated since joining the Advent team,” said Reed Colley, senior vice president and general manager, Black Diamond. “Our clients have been great partners in helping us define and refine our offering and continue to play an active role in providing ideas that help shape the future direction of our platform.”

“We’ve been impressed with how smooth the transition has been since Advent acquired Black Diamond. We know we can continue to rely on Black Diamond to deliver a great client experience, and are excited about new capabilities that were previewed at the conference,” noted Ted Rich, principal with Vinoy Capital. “After spending time learning more about Advent and Black Diamond and their future together, I continue to feel great about our choice of Black Diamond as a partner to support us as we build and grow our business.”


Delivering Innovation to Support Advisor Greatness

Since its acquisition by Advent, Black Diamond has continued to enhance its technology and service for advisors. At the AdventConnect conference, Black Diamond highlighted new features and functionality targeted at serving advisory firms including:
Rebalancing and rebalancing workflow: The addition of rebalancing capabilities and further integration with third party trading and rebalancing tools will help simplify and automate portfolio rebalancing.
Enhanced reporting: Enhancements to fixed income reporting and analytics, the addition of a detail transaction data mining tool and a new report packaging tool empower advisors to create and compile reports directly from the Black Diamond platform.
Alternative investment reporting and tracking: Expanded tracking and reporting for alternative assets are currently in development to help advisors report on their clients’ entire portfolio.
Business intelligence: A new set of dynamic tools analyze and deliver insights into overall firm, advisor and business performance.
Industry integration: Investment in technology integrations, including several new integrations with other advisor technology tools, brings even more power onto the Black Diamond platform.


Investing to Serve Clients and Fuel Growth

Black Diamond’s product, development, service, operations and sales teams have remained part of the business unit and continue to focus on serving clients and their changing needs.
Black Diamond has expanded its staff by over 20 percent since the acquisition closed on June 1, 2011. These additional resources enable Black Diamond to expand its successful, single-point-of-contact service model and build up its team of expert consultants that work with clients to help optimize their experience with Black Diamond.

A result of its focus on advisors, pace of innovation, ongoing investment in technology development and commitment to client service, Black Diamond has maintained 30 to 40 percent growth in its client base and 60 to 70 percent growth in assets under reporting, year over year.

“Black Diamond was founded to help advisors be great. By leading Advent’s advisory strategy we will continue to evolve and enhance our platform to advance our original mission. We are excited about the opportunity to combine Black Diamond’s people, technology and culture of innovation with Advent’s deep expertise as the pioneer in this industry. As the industry continues to grow and flourish, we look forward to helping our clients on their path to greatness,” concluded Colley.

About Black Diamond
As an independent business unit within Advent, Black Diamond’s mission is to support and cultivate advisor greatness by providing the best combination of technology, service and innovation in the industry. Black Diamond “BlueSky” is purpose-built to meet the evolving needs of advisory firms and more than 200 enhancements to the Black Diamond portfolio management and reporting platform have been released since its initial launch in June of 2010. For more information about Black Diamond products visit http://www.advent.com/solutions/by-product/black-diamond.

About Advent
Advent Software, Inc., a global firm, has provided trusted solutions to the world’s financial professionals since 1983. Firms in more than 60 countries count on Advent technology to run their mission-critical operations. 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 operational risks and costs. Advent is the only financial services software company to be awarded the Service Capability and Performance certification for being a world-class support and services organization. For more information on Advent products visit www.advent.com/solutions.

Advent, the Advent logo, Advent Software and are registered trademarks of Advent Software, Inc. All other company names or marks mentioned herein are those of their respective owners.

Forward-looking Statements
Any forward-looking statements included in this press release involve risks and uncertainties that could cause actual results to differ materially from our expectations. These risks and uncertainties include market conditions and developments, client acquisition and growth, expected benefits of new functions, continued sales of existing products, the successful development, timing, anticipated features, functionality and market acceptance of new products and enhancements, the impact of initiatives by competitors, continued uncertainties and fluctuations in the financial markets and economic conditions and other risks detailed in Advent’s most recent filings with the Securities and Exchange Commission, including, but not limited to, its quarterly reports on Form 10-Q and its 2010 annual report on Form 10-K, copies of which may be obtained by contacting Advent Software at (415) 645-1787 or by visiting Advent’s Investor Relations Web site at www.advent.com.


Media Contact:
Smita Topolski
Advent Software, Inc.
(415) 645-1668
stopolsk@advent.com