Momentum Is Building For Advent In The UK

Momentum Is Building For Advent In The UK

LONDON – January 7, 2003 – Advent Europe, a leading provider of investment management software solutions, is gaining momentum in the UK. Both the client list and the team are growing steadily. The UK team has outgrown its previous premises on St James' Square and have relocated to more suitable offices in 5 Alfred Place, London WC1E 7EB. The new phone number is +44 (0)20 7462 4270.

Advent Europe Ltd has recently made several new appointments, including: Lord Calum Graham, director of Advent Europe BV, has become a full-time member of Advent's UK operation. Previously he was MD of Lexit Capital UK Ltd, the pan-European direct access electronic trading broker and was responsible for establishing its presence in Europe. He will bring to bear his knowledge of the needs of the financial services sector and his 12 years of experience in institutional sales at Salomon Smith Barney, UBS Warburg and James Capel to support Advent's business development activities in the UK.

Advent Europe co-founder Alf Bringaker has moved to London following his appointment as Regional Director for Advent Europe's UK operation. Alf is bringing his wealth of experience from his pan-European role as Director of Product Marketing and from his contributions to making both Advent Scandinavia and Advent BeNeLux successes. Prior to co-founding Advent Europe 5 years ago, Alf worked a total of 4 years within the investment management- and technology industry. Alf also holds a MSc in Computer Science and a Fulbright MBA in Finance.

Wendy Goodrich has joined Advent Europe's London team as Director Geneva Business Unit Europe, to spearhead the European launch of the revolutionary portfolio administration & accounting software GENEVA®. Wendy has 15 years experience from investment management- and investment management software, including Fidelity Investments, Scudder Stevens and Clark, Ropes & Gray and DSTI. Wendy came to Advent Europe from Advent's US operation where she was Director of Services, based in New York City.

Jeff Sedgwick has joined Advent Europe as Implementation Manager. Before joining Advent, Jeff was Operations Director at London based investment management firm London & Capital where one of his responsibilities was to oversee their implementation of Advent Office.  To keep up with the demand from a growing client base, Michelle Gange has joined the UK professional services team. Michelle has been working with Advent Australasia for more than 3 years and is an experienced implementation and training consultant, having managed projects in both Australia and Asia Pacific. Michelle has a strong background in finance and banking with a Bachelor of Economics degree and seven years experience in the Australian financial planning and banking industries, prior to Advent.

The UK team is further strengthened by Meta Leeuwenburgh who is taking the role as the Office Manager, and she will also contribute to marketing activities. Prior to joining Advent Europe Ltd, Meta held a similar position for Advent Benelux.

"Despite a difficult economy in 2002, I am thrilled to observe that we are experiencing a healthy growth in the UK" says Torbjørn Tenmann, CEO of Advent Europe. "Our UK team represents experience and industry knowledge that is second to none and I am confident that going forward we will be able serve our growing number of clients even better." finishes Torbjørn Tenmann.

About Advent Europe
Advent Europe is a leading provider of investment management solutions throughout Europe. Established in 1998 as an independent distributor and support organisation of Advent Software, Inc.® products, Advent Europe now has local presence across the continent. Since 2001, Advent Software has acquired Advent Europe distributors in Denmark, Greece, Norway and Sweden.

Advent Software, Inc. has been providing trusted solutions to the worlds' leading asset managers since 1983. Firms in 55 countries use Advent technology to manage investments totalling more than US $8 trillion. Advent's quality software, data, services and tools enable managers to improve service and communication to their clients, allowing them to grow their business while controlling costs. Advent's common stock is traded on the NASDAQ National Market under the symbol ADVS.

Advent Software, Inc. is located at 301 Brannan Street, San Francisco, CA 94107, telephone +1 415 543 7696, Advent Software, Inc. is a registered trademark of Advent Software. All other products or services mentioned herein are trademarks or registered trademarks of their respective companies.

Anne Line Lande, Marketing Manager
Advent Europe