Advent Software Announces Expanded Executive Leadership

5 December 2008

Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services for the investment management industry, today announced that the Company is expanding its executive leadership by promoting Peter Hess to the position of President of the Company, effective immediately. Advent’s CEO and Founder, Stephanie DiMarco, will continue to lead the Company as CEO.

"The elevation of Pete to President marks a natural evolution in Advent’s growth,” said Stephanie DiMarco, Founder, CEO and Chief Financial Officer (CFO) of Advent. “The Company has nearly doubled in size over the past five years, growing in both scale and complexity, and with this success comes increased organizational demands. I’m very proud that we have the depth of experience and talent within the Company to support and augment this growth as we continue to build Advent’s future.”

In his new role of President, Mr. Hess is responsible for the worldwide marketing, sales and services for the Company’s Investment Management, Global Accounts, Straight-Through-Processing (STP), Tamale Research Management groups as well as the Company’s international operations. He will continue to report to Ms. DiMarco.

Mr. Hess has been with Advent since 1994. He has held a variety of positions at the Company, including, most recently, Executive Vice President and General Manager of Advent’s Investment Management Group, which generates more than half of the Company’s revenue. Prior to that, Mr. Hess was Executive Vice President and General Manager of the Global Accounts group, which established Advent’s Geneva® platform as the industry-leading solution for the alternative asset industry.

“I am thrilled and honored to have the opportunity to help lead Advent in this new capacity,” said Mr. Hess. “As our industry evolves, Advent's continued success is tied to our ability to consistently deliver mission-critical solutions that address our clients’ needs and unique business challenges. I look forward to working closely with Stephanie as well as our clients, partners and employees as we build on Advent’s continued momentum.”

“Pete has been an integral part of Advent for the last 14 years, handling a wide range of increasing responsibilities including sales, strategy, product marketing, services and support of Advent’s solutions,” continued Ms. DiMarco. “He brings an in-depth understanding of Advent’s customers and our industry to this position, and I am confident that he will help me continue taking Advent’s operational performance to the next level and deliver even greater value to our customers."

Ms. DiMarco will continue to serve as Advent’s CEO, setting the strategic vision and direction for the Company as well as managing the general and administrative side of the business. Additionally, she will continue to hold the position of CFO, a role she had temporarily filled since earlier this year, thus ending the search for an external CFO candidate. James Cox will continue in the role he assumed in July 2008 as Vice President and Advent’s Principal Accounting Officer, working with Ms. DiMarco to manage the Company’s Finance function. Additionally, he will join the Company’s executive management team.

“We have a phenomenal internal Finance team, and I have decided to work on building the capabilities of the existing team as opposed to bringing in a CFO from the outside,” added Ms. DiMarco. “Jim Cox, in particular, has done a fantastic job as Advent’s Principal Accounting Officer since assuming the role earlier this year, and he will be a welcome addition to our executive team.”

Ms. DiMarco concluded, “Advent has always been a company focused on the future, whether it’s anticipating our customers’ needs, understanding the evolving dynamics of our industry, or creating a company that is built to last. The organizational changes we’re announcing today are further evidence of our commitment to ensuring Advent’s success, both today and well into the future.”

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