Advent Announces CEO Succession Plan; Pete Hess, Advent's President, to Succeed Founder Stephanie DiMarco as CEO

Advent Software, Inc.

today announced its Board of Directors has appointed Advent's President Peter Hess to the position of Chief Executive Officer and President, effective June 30, 2012. He will succeed Stephanie DiMarco, Advent's founder and CEO, who is stepping down as CEO at the end of June 2012 but will continue to serve as a Director on Advent's Board and will be transitioning to an advisory role for the company's senior management. Advent's Chairman John H. Scully commented, "Stephanie DiMarco's legacy at Advent and contributions to the investment management industry are extraordinary. Under Stephanie's leadership, Advent has evolved from a one-product company to a global industry leader with a powerful and predictable business model. The Board would like to express its deep appreciation to Stephanie for her visionary leadership and singular contributions to Advent. We are grateful that she will continue to share her insight and expertise as a Director, significant shareholder and advisor to the company. "The Board is delighted to appoint Pete Hess as the next CEO of Advent," continued Mr. Scully. "Pete has played an instrumental role in Advent's success, leading several of Advent's largest business groups prior to his very successful tenure as President of the company since December 2008. Advent's Board has tremendous confidence in Pete and believes that he is the right leader for the company in its next era of growth."