Advent Partner® Enhanced to Meet Advanced Requirements for Complex Hedge Funds and Fund Administrators

San Francisco, October 24, 2005 – Advent Software, Inc. (NASDAQ: ADVS) announces the newest version of its market leading partnership accounting software, Advent Partner®. Advent Partner® was designed to help investment managers address the complexity of partnership accounting by automating the allocation of gains for economic and tax purposes, and by increasing the accuracy and timeliness of reporting.

The latest version of Advent Partner® meets advanced requirements for complex hedge funds and fund administrators through greater system flexibility, enhanced workflow and better integration. Significant enhancements to Advent Partner® include:

- Historical tax adjustments without reopening books
- Investor class groups
- Weighted average capital for tax reclassification
- An open asset-based fee calculator
- Investor report distribution via Outlook
- Automated, two-way integration with Geneva®, Advent’s premier global investment and accounting system

Advent Partner® now also offers a premium module, sold separately, which includes support for complex partnership structures such as master feeders, consolidated reporting across partnerships and an open data import facility. An additional option is an automated interface to third-party software for electronic tax filing and state Schedule K1 production.

Advent Partner® is part of the Advent Global Hedge Fund solution that combines portfolio or fund accounting, trading, and partnership accounting in a single integrated solution. This integration allows for a single point of data capture, ensures more efficient operations and minimizes errors. Information is automatically updated throughout the system with each transaction, making accurate, reliable, real-time data readily available for decision making and investment reporting.

"Advent Partner® 5.0 is a tremendous step forward, both technologically and functionally. We believe the significant scope of enhancements to Advent Partner® 5.0 will enable our clients to master the most sophisticated of their partnership accounting requirements," said Peter Hess, senior vice president and general manager of Advent’s Global Accounts business. "With its seamless integration within Advent’s Global Hedge Fund Solution, Advent Partner® 5.0 considerably strengthens Advent’s offering to the hedge fund marketplace."

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