Advent Europe Announces Strategic Alliance with Pershing Limited

London – 11 January 2002 – Advent Europe, the European distribution arm of Advent Software, Inc.® (NASDAQ: ADVS), announces that it has signed a strategic alliance agreement with Pershing Limited to co-market their products and solutions to the UK securities marketplace. Advent Europe and Pershing Limited will jointly be able to provide front to back office straight-through-processing.

This is the first solution to offer private client asset managers a trade order management system with user-defined portfolio valuations and contact management through to settlement, custody and cash management. The interface is already implemented at two firms including 7im, a division of Killik & Co, a major UK stockbroking firm.

Ron Morgan, Chief Executive of Pershing Limited, said: "This agreement will further improve the services we offer and continues to build upon our reputation to meet the requirement to continually provide cost effective solutions and support to a sophisticated and changing marketplace." David Cotterell, CEO of Advent Europe UK, added: "Advent has a strong relationship with Pershing US and Advent Europe is delighted to be able to provide true straight-through-processing to the growing independent asset management segment, as well as to the established stockbroker community.

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