Advent Software Announces Acquisition of Syncova

London - 2 March 2011

Acquisition Extends Company’s Leadership in Alternative Asset Industry with Addition of Margin and Financing Capabilities.

Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services for the global investment management industry, today announced that it has acquired Syncova Solutions Limited, a privately held UK-based company that provides margin management and financing software to hedge funds and prime brokers. Under the terms of the agreement, Advent has acquired all of the outstanding capital stock of Syncova for an undisclosed amount.

Advent’s Founder and Chief Executive Officer, Stephanie DiMarco, commented, “With an ongoing market focus on risk management, liquidity control and operating efficiency, there is an increased demand by hedge funds and prime brokers to automate the margin and finance cost process. This acquisition enables us to extend our footprint by expanding and enhancing our offering for the alternative asset industry with margin and finance calculation, optimization and reconciliation -- a great example of our growth strategy in action. We are thrilled to welcome Syncova’s innovative technology and talented team to Advent.”

Advent will now offer Syncova’s powerful end-to-end margin calculation and optimization solution, Optima; its debit finance reconciliation and optimization solution, Abacus; and its additional services. Already in use by several mutual clients, Syncova’s solutions enable hedge funds and prime brokers to calculate expected margin, reconcile and control differences. Hedge funds can attribute margin requirements to internal traded positions and optimize borrow costs, processes which often are manual and prone to errors. Prime brokers will have better control over their asset-based pricing models, client monitoring and performing intra-day margin analysis. Optima and Abacus will be part of Advent’s solution for the alternative asset market; they will be available for purchase integrated with Geneva® and also available as standalone products.

Syncova’s Chief Executive Officer, Liam Huxley, said, “We are delighted to be joining forces with a proven leader that shares our commitment to innovation and driving success for our clients. Becoming part of the Advent team provides a wonderful opportunity to take Syncova to the broader marketplace. The winning combination of Geneva® and Syncova offers an unmatched solution for the alternative asset market.”

Syncova has over 10 years unique experience and knowledge of the margin and financing needs of the hedge fund and prime broker sector. The Company has delivered flexible, proven solutions to meet the individual current and future margin, financing and stock borrow management requirements of a global client base. The Syncova management team and its employees, based in London and New York, will join Advent, and will continue to support clients and develop, service and sell the Syncova solution.

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