TIAA-CREF Selects Advent to Build New Compliance Coordinator Service

TIAA-CREF Selects Advent to Build New Compliance Coordinator Service

New Platform Leverages Advent’s Proven Advent® Custodial Data Infrastructure

SAN FRANCISCO – June 26, 2008 – Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services to the investment management industry, today announced that it has been selected by TIAA-CREF, the leading provider of retirement services in the academic, medical and cultural fields, to build an innovative service to address new regulatory challenges faced by 403(b) retirement plan administrators.

Compliance Coordinator will aggregate data from multiple vendors to help prevent non-compliant transactions before they occur and enable plan providers to verify compliance. 

Compliance Coordinator was conceived by TIAA-CREF, which selected Advent to develop and operate the service.  TIAA-CREF chose Advent to build and manage Compliance Coordinator because of the company’s proven success with Advent® Custodial Data, which collects, consolidates and electronically delivers secure, standardized custodial data from more than 470 custodians to over 3,000 investment firms.  Compliance Coordinator will adapt Advent’s custodial data infrastructure to help solve the data challenge posed by the new 403(b) regulatory standards regarding IRS loan limits and hardship withdrawal regulations.

Advent’s service will pool data from all approved plan vendors, and will allow plan administrators to monitor loan or withdrawal requests from plan participants before approving such transactions.  Each approved plan vendor will have access to aggregate data for participants within the plan, but will not be able to access account-specific data from other vendors’ clients.  Data will be transferred to Advent’s independent network on both a monthly and a daily basis.

“The new 403(b) regulations, which go into effect January 1, 2009, require plan administrators to be vigilant about non-compliant transactions, and could easily increase the workload associated with running retirement plans,” said Ed Van Dolsen, Executive Vice President, Institutional Client Services, TIAA-CREF.  “We chose Advent because of their track record of innovation and responsiveness, and their demonstrated ability to engage quickly to solve such a high-value problem.  TIAA-CREF is pleased to offer plan sponsors this powerful new service, and we are confident that Advent is the right partner to deliver the quality and expertise we can rely on.”

“We look forward to leveraging our expertise and our proven custodial data infrastructure to tackle the crucial data challenges facing the 403(b) market,” said Will Clemens, Vice President and General Manager of Advent’s Straight-Through Processing Group.  “Advent is very excited to partner with TIAA-CREF to help provide a solution to this key industry issue.”

About Advent
Advent Software, Inc. (www.advent.com), a global 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 $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

About TIAA-CREF
TIAA-CREF (www.tiaa-cref.org) is a national financial services organization and the leading provider of retirement services in the academic, research, medical and cultural fields with $420 billion in combined assets under management. (3/31/08).

TIAA-CREF Individual & Institutional Services, LLC and Teachers Personal Investors Services, Inc., members FINRA, distribute securities products.

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 continued sales of existing products and services, market acceptance of new products, the impact of initiatives by competitors, challenges in expanding international operations 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 2007 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.

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

© 2008 Teachers Insurance and Annuity Association-College Retirement Equities Fund,
New York, NY 10017
 
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Contact:
Katherine Calvert    
Advent Software, Inc.
(415) 645-1853
kcalvert@advent.com

Chad Peterson
TIAA-CREF
(212) 916-4808
cpeterson@tiaa-cref.org