Portfolio Management Software offers performance analytics.

Press Release Summary:

Automating multiple phases of investment management process, Advent Portfolio Exchange® (APX) v2.0 helps institutional and high-net worth asset managers profitably grow assets, control costs, and satisfy client as well as regulatory requirements. Solution supports fixed income calculations and includes performance analytics for performance attribution, contribution, exposure, and ex-post risk statistics. It also supports security level time-weighted returns.

Original Press Release:

Advent Expands Its Portfolio Management Functionality for Institutional and High Net Worth Asset Managers with the Launch of Advent Portfolio Exchange® 2.0

Built-in Performance Analytics and Enhanced Fixed Income Functionality Bring Exciting New Features to Already Proven Product

SAN FRANCISCO, Sept. 17 -- Advent Software, Inc. (NASDAQ:ADVS), the leading provider of software and services to the investment management industry, today announced the release of Advent Portfolio Exchange(R) (APX) 2.0. With this release Advent continues to set a new standard in comprehensive portfolio management for institutional and high net worth asset managers. APX helps these managers to profitably grow assets, control costs and confidently satisfy client and regulatory requirements.

"It's been very exciting to watch APX grow into a mature, proven product over the past two years, and this new release marks a critical milestone in the product's evolution -- one in which we can declare definitively that APX is the most innovative, comprehensive and reliable portfolio management solution for the asset management industry," said Pete Hess, Executive Vice President and General Manager for Advent's Investment Management Group. "By bundling in performance analytics and enhancing our fixed income calculations and reporting, APX has emerged as the foundation upon which a firm can rely to efficiently and productively grow its business in today's increasingly complex market."

With over 120 clients in 13 countries around the world, APX has established itself as a leading platform of choice for portfolio management and reporting, delivering a single, customizable solution to automate multiple phases of the investment management process.

The addition of performance analytics in APX 2.0 -- which includes performance attribution, contribution and ex-post risk statistics -- provides users with the opportunity to deliver robust reporting and client service without increasing operational costs or overhead. APX 2.0 also includes security-level performance and enhancements to fixed income calculations and reporting, which further strengthens an already proven product and expands the market for APX to a broader range of institutional and high net worth asset managers.

"APX 2.0 delivers a range of improvements to meet the growing needs of our customers, such as integrated performance analytics, expanded fixed income capabilities, and enhanced navigation, user interface and performance measurement and presentation," said Cathy Sawyer, Executive Director at Sterling Capital. "We're very pleased with the new features which allow us to grow our business more efficiently and offer superior service to our clients. The enhancements with this new product are unparalleled."

Key features of the new APX include:
-- Performance analytics, including performance attribution, contribution, exposure and ex-post risk statistics
-- Security level time-weighted returns and the flexibility to create custom classification schemes
-- Enhancements to fixed income calculations and reporting for ABS, MBS, and CMOs based on estimated cash flows
-- Enriched user interface and streamlined workflows

Advent will be demonstrating APX 2.0 at the annual Advent Conference in Las Vegas, September 18-20, 2007. An online demonstration is available at https://secure.advent.com/info/apx_demo.

About Advent Portfolio Exchange(R)

Advent Portfolio Exchange(R) (APX) is Advent's next generation in portfolio management technology that fully integrates the front office functions of client relationship management (CRM) and performance analysis with the back office operations of portfolio accounting and reporting. This enterprise solution leverages a single SQL database to deliver critical client information via an easy-to-use browser-based user interface. APX delivers improved client service with enhanced security for today's amplified compliance environment.

About Advent

Advent Software, Inc. (http://www.advent.com/), a multi-national firm, has been providing 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 Support Center Practices certification for being a world-class support organization.

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

CONTACT: Katherine Calvert of Advent Software, +1-415-645-1853, kcalvert@advent.com

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