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Tuesday, June 12, 2007

Advent Adds Vice President

News summary by MFWire's editors

Advent Software has appointed Chris Flynn to the newly created position of vice president of product management, trading and compliance. Flynn came to Advent from LatentZero, a software company providing front-office solutions for buy-side investment managers, where he was North America product manager.

Advent Software, Inc. (Nasdaq: ADVS - News), the leading provider of software and solutions for the investment management industry, today announced the appointment of Chris Flynn as Vice President of Product Management, Trading and Compliance. Flynn's appointment to this newly created position underscores Advent's deep commitment to enhancing and expanding its industry-leading suite of portfolio-management solutions with trading and compliance solutions for investment management firms of every size.

"Chris brings a deep understanding of the trading and compliance requirements that asset management firms face, and with a major release of Moxy® coming to the market shortly and an exciting new compliance product on its way, Advent's suite is entering a new era of applicability for the largest asset management firms," said Pete Hess, EVP and General Manager for Advent's Investment Management Group. "I'm confident that Chris' leadership, combined with the considerable investments we've made to enhance our trading offering, will continue to extend Advent's leadership by making us even more attractive to larger firms that need order management and compliance and want to take advantage of the industry's most powerful integrated suite for investment management."

Flynn joins Advent from LatentZero, a software company providing front-office solutions for buy-side investment managers, where he was North America Product Manager.

Flynn was with Advent for ten years before taking a post at LatentZero, and during his tenure at Advent he held a variety of roles, including product manager for Moxy®, the industry's most widely used order management system (OMS).

About Advent

Advent Software, Inc. (http://www.advent.com), a multi-national firm, has provided 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 Moxy are registered trademarks of Advent Software, Inc. All other company names or marks mentioned herein are those of their respective owners.

Forward-looking Statements

Any forward-looking statements included in this press release involve risks and uncertainties that could cause actual results to differ materially from our expectations. These risks and uncertainties include market acceptance of new products, the impact of initiatives by competitors and other risks detailed in Advent's most recent filings with the Securities and Exchange Commission, including, but not limited to, its annual report on Form 10-K/A and quarterly report on Form 10-Q, copies of which may be obtained by contacting Advent Software at (415) 645-1787 or by visiting Advent's Investor Relations Web site at http://www.advent.com. 

Edited by: Erin Kello

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