Advent Software says to remain independent after review

March 18 Mon Mar 18, 2013 9:33am EDT

March 18 (Reuters) - Accounting software company Advent Software Inc said it decided to continue as an independent company after a strategic review, sending shares down 11 percent in early trading.

Advent had hired Frank Quattrone's investment bank Qatalyst Partners to explore a sale, Reuters reported on March 12, quoting several sources familiar with the matter.