Advent’s Suite Helps NewSouth Capital Management, Inc. Boost Operational Efficiency

San Francisco – 12 April 2007

Advent Portfolio Exchange® and Advent Corporate Actions® Yield Substantial Efficiencies, Greater Reliability for Investment Advisor

Advent Software, Inc. (NASDAQ: ADVS), the leading provider of software and solutions for the investment management industry, today announced that registered investment advisor NewSouth Capital Management, Inc. recently migrated to Advent Portfolio Exchange® (APX) and implemented the newly enhanced version of Advent Corporate Actions® (ACA) to achieve substantial time savings and greater reliability across a broad range of corporate actions.

NewSouth Capital Management, Inc., which manages approximately $1.4 billion in assets, had long relied on a combination of Axys®, Advent’s original portfolio accounting product, Qube®, Advent’s CRM module, and ACA for the collection of corporate actions data on its holdings. The firm realized that a single, secure platform integrating portfolio management with client relationship management (CRM) data could provide enhanced functionality and time savings over their existing configuration.

When the firm migrated to APX, it simultaneously upgraded to the APX-enhanced version of ACA to harness an even more powerful solution. ACA simplifies the process of compiling data from key sources and updating portfolios on corporate actions that affect portfolio values, such as mergers and acquisitions, name and ticker-symbol changes, spinoffs and exchanges. This data is essential to ensuring accuracy in valuations, trading and reporting.

Tracking and processing corporate actions is still a largely manual process at many investment firms, making it prone to errors and delays. ACA automates this key process, aggregating data from high-quality data providers, matching it to a firm’s holdings and providing timely reports and transactions on actions that affect those holdings.

“We are particularly excited about the ability to deal with complex mergers, acquisitions and other actions through ACA with APX, over and above what we were able to do in Axys®,” said Andrew L. MacQueen, NewSouth Capital Management, Inc. Head Trader and Director of Information Systems. “Processing the more complex mergers and spinoffs used to take about two or three hours. With ACA on APX we expect to shave that down to 20 or 30 minutes, which is pretty amazing given the complexity of the deals.”

Among the new features available in ACA for APX is the ability to have multiple updates on reorganization transactions in real time, automatically revising fair market values, cash-in-lieu and cost bases. This new functionality creates extraordinary efficiency gains, eliminating the need to back out and repost transactions.

“We’re very pleased to welcome NewSouth Capital Management, Inc. to the growing list of investment advisors using Advent’s next-generation suite,” said Pete Hess, EVP and General Manager of the Investment Management Group for Advent. “The combination of APX and ACA is just the latest example of how Advent continues to innovate our suite of mission-critical solutions in ways that free our customers to focus on their core activities and provide even greater service directly to their clients.”

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