Abu Dhabi Islamic Bank Selects Advent's Wealth Management Solution

* Reuters is not responsible for the content in this press release.

Thu Oct 29, 2009 9:10am EDT

  LONDON and SAN FRANCISCO, CA, Oct 29 (MARKET WIRE) -- 
Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and
services for the global investment management industry, today announced
that Abu Dhabi Islamic Bank has selected Advent Portfolio Exchange(R)
(APX), Advent's award-winning, next-generation integrated portfolio
management and client relationship management solution. APX will provide
Abu Dhabi Islamic Bank with the technology infrastructure to support its
new global wealth management division.

    Abu Dhabi Islamic Bank commenced operations in 1998, and has since grown
into one of the largest Islamic banks in the Middle East. The bank focuses
on providing customers with quality, cost-effective and Shari'a-compliant
financial services across its personal, corporate, royal, investment and
institutional banking business lines. And with its new global wealth
management division, Abu Dhabi Islamic Bank is expanding the range of
value-driven services it can offer clients to meet their financial goals.

    "A key component of Abu Dhabi Islamic Bank's objectives is to use
state-of-the-art technology to develop and deliver our banking products
and services. With APX we have an industry-leading system that is proven
in the market, and is provided and supported by a company that is proven
in the region," said Malik Sarwar, Senior Vice President, Global Wealth
Management, Abu Dhabi Islamic Bank. "APX gives us the capabilities we
require to meet the wealth management industry's best practice
requirements, as well as the scalability to grow the business in line with
our vision of being a top tier Islamic financial services group."

    "We are delighted that Abu Dhabi Islamic Bank has entrusted Advent with
the role of technology provider to support its exciting expansion plans
in the wealth management arena," said Hakan Valberg, Senior Vice
President and General Manager, Advent Software EMEA. "With our committed
local presence, local support, and industry-leading technology
capabilities, Advent is now recognized as a market leader for wealth
management solutions in the Middle East, as this latest agreement with
Abu Dhabi Islamic Bank underscores."

    About Advent Portfolio Exchange(R)

    Advent Portfolio Exchange(R) (APX) is an end-to-end portfolio management
solution that integrates the front-office functions of prospecting,
marketing, and customer relationship management with the back-office
operations of portfolio accounting and reporting. This enterprise solution
leverages a single SQL database to deliver critical client information via
an easy-to-use browser-based user interface. APX delivers improved client
service with enhanced security for today's amplified compliance
environment. For more information on APX visit
https://secure.advent.com/info/pr_apx.

    About Advent

    Advent Software, Inc. (www.advent.com), a global firm, has provided
trusted solutions to the world's leading financial professionals since
1983. Firms in 60 countries use Advent technology. 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 Service Capability and
Performance certification for being a world-class support organization.
For more information on Advent products visit
http://www.advent.com/about/resources/demos/pr.

    Advent. the Advent logo, Advent Software and Advent Portfolio Exchange are
registered trademarks of Advent Software, Inc. All other company names or
marks mentioned herein are those of their respective owners.

    

Contacts:
Paul Watthey
Advent Software EMEA
+44 20 7631 9240
Email Contact

Jessica Miller
Advent Software, Inc.
+ 1 415 645 1668
Email Contact

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