Advent Software Expands Presence in Europe.

SAN FRANCISCO--(BUSINESS WIRE)--Nov. 8, 1999--

Advent Software (Nasdaq:ADVS), the leading provider of Enterprise Investment Management technology, announces that it will expand its presence in overseas markets and take advantage of the growing international demand for Advent's suite of investment management solutions through the formation of Advent Europe. Building on the success Advent has experienced with its operations in the Netherlands, Scandinavia and Australia, Advent Europe will open several other offices throughout Europe, beginning with the United Kingdom.

Advent currently has hundreds of clients located outside the United States. Worldwide, Advent solutions are used by more than 5,600 financial institutions in 36 countries. By establishing additional offices in key overseas countries, Advent will be able to build on its current success in non-U.S. markets with dedicated, local sales and support personnel.

"We've made a strategic decision to increase our presence in Europe now," said Stephanie DiMarco, Chairman and Chief Executive Officer of Advent. "We're seeing increasing demand for our products and services overseas, as well as from global organizations, which is in line with the global expansion of the financial services market in general, and reflective of the European money management industry's growing need for automated solutions."

The latest example of international success is Advent's signing of Bank Labouchere in Amsterdam, a high-profile private bank that is currently undergoing an aggressive expansion plan throughout Europe. "We are executing a very active, international growth strategy for our private banking business. With Advent Office's scalability, stability and client-centric approach to automating the asset management process, it will enable us to provide superior client service in a very efficient manner, while growing rapidly," said Ger Hofman, Director of Business Unit Private Banking, Bank Labouchere.

In addition, Advent Europe recently signed SEB (Global) in Sweden and Delphi Forvaltning ASA in Norway.

Advent Europe will be managed by four veteran European financial services professionals. Inge Five, Managing Director of Advent Europe, is responsible for strategy, sales and operations. Mr. Five has 18 years of experience working in the Scandinavian investment industry, and has been a co-founder and managing director of several leading investment companies.

Torbjorn Tenmann is Managing Director of Advent Europe, responsible for strategy, business development and finance, including the setup of Advent's operations across Europe. For the previous 12 years, Mr. Tenmann was the co-founder and managing director of a Scandinavian company providing high-end management software solutions to Scandinavian blue chip companies.

Alf G. Bringaker is the Chief Operating Officer of Advent Europe, responsible for product marketing and strategic product development. In addition to co-founding Advent Europe, he has five years of software and technology experience and two years in the investment management industry.

Roger Klausen is the Chief Technology Officer of Advent Europe, responsible for the delivery of services to Advent's European clients. Prior to joining Advent he held a position as partner of a company delivering system development and consulting to the oil industry.

"We're excited about the opportunity that exists for Advent throughout Europe," said Mr. Five. "Our experience to date tells us that numerous markets around the world will be very enthusiastic about the sophisticated automated solutions Advent offers."

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.

Editor's Note: For more information or to license Advent Software products, readers can contact Advent Software, 301 Brannan Street, San Francisco, CA 94107; phone [phone], or visit Advent's web site at http://www.advent.com.

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.