Advent Software Board of Directors Completes Review of Strategic Alternatives and Remains Committed to Independent Path

Mon Mar 18, 2013 9:15am EDT

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

  SAN FRANCISCO, CA, Mar 18 (Marketwire) -- 
Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and
services for the global investment management industry, announced today
that the Board of Directors has recently completed a review of its
strategic alternatives with the assistance of its financial advisor,
Qatalyst Partners, and its legal counsel, Wilson Sonsini Goodrich &
Rosati. 

    Following a comprehensive review process, the Board has determined that
it is in the best interests of the Company and its shareholders to
continue to execute on its strategic plan as an independent company. 

    "We engaged in a thorough process and carefully considered various
alternatives," said Pete Hess, Advent's Chief Executive Officer. "The
Board believes we can best maximize shareholder value through pursuing
our current strategic plan and our strong balance sheet and competitive
position will allow us to continue to pursue strategies we believe will
enhance shareholder value."

    About Advent
 Advent Software, Inc. (www.advent.com), a global firm, has
provided trusted solutions to the world's financial professionals since
1983. Advent's proven solutions can increase operational efficiency,
reduce risk, and eliminate the boundaries between systems, information
and people so you can focus on what you do best. With more than 4,500
client firms in over 60 countries, Advent has established itself as a
leading provider of mission-critical solutions to meet the demands of
investment management operations around the world. Advent is the only
financial services software company to be awarded the Service Capability
and Performance certification for being a world-class support and
services organization. For more information on Advent products visit
http://www.advent.com/about/resources/demos/pr. 

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

    

Contacts: 
Amanda Diamondstein-Cieplinska 
Advent Software, Inc. 
(415) 645-1668
adiamond@advent.com 

Copyright 2013, Marketwire, All rights reserved.

-0-
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.