Advent Software Launches `Advent Corporate Actions'.

SAN FRANCISCO--(BUSINESS WIRE)--May 6, 1999--

Advent Automates Consolidated Data Gathering

for Corporate Action Information

Advent Software (NASDAQ: ADVS), the leading provider of Enterprise Investment Management solutions, announces the launch of Advent Corporate Actions, an enterprise-wide web-based notification service that automates and dramatically simplifies the tedious, error-prone process of manually tracking corporate actions. Advent Corporate Actions was developed by Hub Data, a wholly owned subsidiary of Advent Software.

The newest component of Advent Office(TM), Advent Corporate Actions(TM) is the first corporate actions service designed specifically for investment management operations. The service pro-actively delivers timely, accurate corporate action information with cost allocations on the securities held in users' portfolios. Advent Corporate Actions tracks and processes mergers and acquisitions, name and identifier changes, class actions, bankruptcies, spin-offs, called bond notifications, splits and other corporate action information.

Advent Corporate Actions consolidates and normalizes action information from CCH INCORPORATED, Valorinform, Telekurs Financial and Xcitek.

"One of the big headaches with corporate actions is that if you want to do a good job you need to collect data from multiple sources," said Virginia Casas, vice president with Anchor Capital Advisors. "With Advent Corporate Actions, I get all the data I need in one shot. I can be sure I'm not missing anything."

Engineered over the last two years, Advent Corporate Actions takes advantage of the latest Internet technology available. Users can easily access data through the convenience of a desktop browser and they can receive e-mails automatically when corporate activities occur. The daily corporate action reports are displayed through the standard Adobe(R) Acrobat Reader(R) Internet plug-in utility. Users can define a set of business rules that drive how corporate action data is delivered to them. Business rules are stored in a central Microsoft(R) SQL server database.

"Many money management organizations have automated much of their back-office processes, but corporate actions processing remains one of the last holdouts, which until now has proved to be incredibly difficult to manage," said Bob Huebscher, president of Hub Data. "This service is a totally new and efficient way for investment firms to ensure the accuracy of their portfolio records."

"Advent Corporate Actions Processing is a demonstration of Advent's commitment to offer our clients the most innovative technologies that truly enhance their business," said Peter Caswell, president and chief operating officer of Advent. "E-mail has long been touted as the killer application of the Internet. And here is an application of this technology that brings great value to money management organizations, and that fits right into our overall strategy," he said.

Founded in 1990, Hub Data consolidates securities information and data from the industry's premier data providers. Hub Data services a wide range of financial institutions via electronic interfaces to many industry portfolio software systems. Hub Data is located in Cambridge, Massachusetts.

Advent Software, Inc. is the leading provider of Enterprise Investment Management solutions. The company provides a suite of integrated products for the front, middle and back offices of investment management organizations.

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., Advent Corporate Actions and Advent Office are trademarks or registered trademarks of Advent Software. All other products or services mentioned herein are trademarks or registered trademarks of their respective companies.