More than 300 Clients Rely on Advent Corporate Actions® For Integrated Corporate Actions Processing and Reporting

More than 300 Clients Rely on Advent Corporate Actions® For Integrated Corporate Actions Processing and Reporting 

Advent’s Leading Corporate Actions Solution Sees Continued Momentum

SAN FRANCISCO – January 16, 2007 – Advent Software, Inc., (NASDAQ: ADVS), the leading provider of software and solutions for the global investment management industry, today announced that the total number of Advent Corporate Actions® (ACA) clients has reached 300, highlighting the product's success. 

ACA, a straight-through-processing service, delivers customized, position-level corporate action reports for a broad range of  action and security types, along with scrubbed, market effective transactions for mandatory U.S. equity and ADR events, including tax compliant details.  Using ACA, firms can: track actions from announcement through effective date; receive alerts containing revisions and processing tips; and gain access to a dedicated team of corporate action specialists who assist advisory staff with processing details and the interpretation and confirmation of complex tax opinions. 

"ACA saves us time and effort by streamlining the process of posting complex corporate actions,” said Jack O'Brien, Assistant Vice President, Wentworth, Hauser and Violich, an asset management firm based in San Francisco with $13.4 billion assets under managment.  “Our firm's implementation of ACA has eliminated the risk of manual errors causing an incorrect posting of a corporate action.  Additionally, since we use Advent Portfolio Exchange® (APX) for portfolio management, we gain the added confidence that the transactions we receive from ACA accurately reflect realized gains or losses as well as the cost basis in APX." 

ACA’s user base includes clients using Advent's portfolio management and accounting platforms -- Axys®, APX and Geneva®, as well as non-Advent clients.  Currently, 40 percent of all active APX clients use ACA.

"We are excited to see a growing number of clients across Advent and non-Advent accounting platforms realize the benefits of ACA,” said Alison Swabowicz, Senior Straight Through Processing Product Manager at Advent.  “We are proud of our unique solution, which provides advance event notification, market effective transactions and processing instructions for complex events – alleviating a critical pain point for our clients as they seek ongoing operational efficiencies."

About Advent
Advent Software, Inc. (www.advent.com), a multi-national firm, 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 $14 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. 

Advent, Advent Portfolio Exchange, Axys, Geneva and Advent Corporate Actions are registered trademarks of Advent Software, Inc.  All other company names or marks mentioned herein are those of their respective owners.


Contact:
Jessica Miller
Advent Software, Inc.
(415) 645-1668
jmiller@advent.com