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UPDATE: Advent Software Reports Fourth Quarter and Full Year 2012 Results

Company Achieves Record Quarterly Revenue of $92 Million and Fourth Quarter Non-GAAP Operating Profit of $25 Million

SAN FRANCISCO, CA -- (Marketwire) -- 02/04/13 -- Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services to the global investment management industry, announced today its financial results for the fourth quarter ended December 31, 2012.

"I am pleased to report that Advent delivered a strong fourth quarter and there is great momentum in the business," said Pete Hess, Chief Executive Officer of Advent. "We continued to execute our strategy and increased our footprint both in the US and around the globe. This coming year marks our 30th anniversary and our business has never been stronger and we are excited to continue to partner with our clients to transform the investment management industry for the next 30 years."

FOURTH QUARTER AND FULL YEAR 2012 RESULTS

GAAP Results for Continuing Operations
The company reported quarterly revenue of $92.0 million for the fourth quarter of 2012, compared to $86.3 million in the fourth quarter of 2011, a 7% increase. Total annual revenues for the year ended December 31, 2012 were $358.8 million, compared to $326.2 million recorded in 2011, a 10% increase.

Operating income for the fourth quarter of 2012 was $12.7 million, or 14% of revenue, compared to $10.1 million, or 12% of revenue, for the fourth quarter of 2011. The fourth quarter of 2012 results included a $3.6 million restructuring charge related to the company's reorganization. Operating income for the year ended December 31, 2012 was $49.2 million, or 14% of revenue, compared to $42.6 million, or 13% of revenue, for 2011.

Net income for the fourth quarter of 2012 was $8.0 million compared to $6.5 million in the fourth quarter of 2011. Net income for the year ended December 31, 2012 was $30.2 million compared to $28.3 million for 2011, a 7% increase.

On a fully diluted basis, earnings per share in the fourth quarter of 2012 was $0.16 compared to $0.12 in the fourth quarter of 2011. On a fully diluted basis, earnings per share for the year ended December 31, 2012 was $0.58, compared to $0.52 for 2011.

Operating cash flows in the fourth quarter of 2012 totaled $32.8 million, compared with $27.6 million in the fourth quarter of 2011. Operating cash flows for the year ended December 31, 2012 totaled $86.6 million, compared with $83.2 million for 2011, a 4% increase.

Cash, cash equivalents and marketable securities totaled $231 million as of December 31, 2012, compared to $136 million as of December 31, 2011. Total outstanding debt as of December 31, 2012 was $95 million compared to $50 million as of December 31, 2011. Total deferred revenue was $183 million as of December 31, 2012, compared to $175 million as of December 31, 2011, a 5% increase.

Non-GAAP Results for Continuing Operations
Non-GAAP operating income for the fourth quarter of 2012 was $24.6 million, or 26.7% of revenue. This represents a 33% increase compared to $18.5 million of non-GAAP operating income, or 21.4% of revenue, in the fourth quarter of 2011. Non-GAAP operating income for the year ended December 31, 2012 was $85.0 million, or 23.7% of revenue. This represents an 18% increase compared to $72.2 million of non-GAAP operating income, or 22.1% of revenue, for 2011.

On a fully diluted basis, non-GAAP earnings per share was $0.30 in the fourth quarter of 2012 and represents a 37% increase from non-GAAP diluted net income per share of $0.22 in the fourth quarter of 2011. On a fully diluted basis, non-GAAP net income per share was $1.03 for the year ended December 31, 2012, a 21% increase compared to $0.86 per share for 2011.

The reconciliation between GAAP and non-GAAP financial measures is provided at the end of this press release.

FOURTH QUARTER HIGHLIGHTS

  • Fourth Quarter Bookings: The annual contract value of our new contract bookings in the fourth quarter of 2012 will contribute $11.1 million in incremental annual revenue once the contracts are fully implemented. New clients represented all types of investment managers around the world including Moneta Group, Wedgewood Partners, QV Investors Inc., Courtiers Investment Services Limited, and Gjensidige Investeringsradgivning AS, amongst others.

  • Enhanced Functionality for Solutions: In the fourth quarter, we launched coordinated releases of Advent Portfolio Exchange® (APX), Moxy®, and their associated products, providing clients with expanded instrument coverage, enhanced data presentation and improved reconciliation processes.

  • Award-Winning Solutions: APX was named "Best Buy-Side CRM Product" by Buy-Side Technology magazine. The annual award honors the accomplishments and innovations of products and services designed for buy-side investment professionals. In addition, Moxy® won "Best-in-Class" for Enterprise Support in the key industry analyst - CEB TowerGroup's OMS Technology Analysis report.

FINANCIAL GUIDANCE
Advent provides the following financial guidance for the first quarter and fiscal year 2013:


----------------------------------------------------------------------------
                       Guidance                          Q1 2013    FY 2013
----------------------------------------------------------------------------
Total Revenue ($M)                                       $91-$93   $373-$379
----------------------------------------------------------------------------
GAAP Operating Margin(% of revenue)                        n/a    17.5-18.0%
----------------------------------------------------------------------------
Amortization of Intangibles (% of revenue)                 n/a        3%
----------------------------------------------------------------------------
Stock Compensation Expense (% of revenue)                  n/a        6%
----------------------------------------------------------------------------
Restructuring Charge (% of revenue)                        1%        0.5%
----------------------------------------------------------------------------
Non-GAAP Operating Margin (% of revenue)                   n/a    27.0-27.5%
----------------------------------------------------------------------------
GAAP Effective Tax Rate(% of Income Before Tax)           20%*      30%-35%
----------------------------------------------------------------------------
Non-GAAP Effective Tax Rate (% of Income Before Tax)       n/a        35%
----------------------------------------------------------------------------
Operating Cash Flow ($M)                                   n/a      $93-$97
----------------------------------------------------------------------------
Capital Expenditures ($M)                                  n/a      $10-$12
----------------------------------------------------------------------------

*Q1 2013 GAAP Effective Tax Rate reflects the impact of the 2012 federal
 research and development tax credit enacted in January, 2013.

INVESTOR CALL

Advent Software, Inc. will host its fourth quarter 2012 earnings conference call at 5:00 p.m. Eastern time today. The fourth quarter 2012 earnings presentation and trended disclosures file, which include highlights and detailed financial information, are currently available at http://investor.advent.com. To participate via phone, please dial (800) 510-9834 and request conference ID #35271995. Telephone replay will be available through midnight February 11, 2013. The replay number for domestic callers is (888) 286-8010, and for international callers is (617) 801-6888, with the conference ID of #60805668.The conference call will also be webcast live and then archived on http://investor.advent.com.

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.

ABOUT NON-GAAP FINANCIAL INFORMATION
This press release includes non-GAAP financial measures. For a description of these non-GAAP financial measures, including the reasons management uses each measure, and reconciliations of these non-GAAP financial measures to the most directly comparable financial measures prepared in accordance with Generally Accepted Accounting Principles (GAAP), please see the accompanying tables entitled "Reconciliation of Selected Continuing Operations' GAAP Measures to Non-GAAP Measures" and "Reconciliation of Projected Continuing Operations' GAAP Operating Income % to Non-GAAP Operating Income %."

FORWARD-LOOKING STATEMENTS
The financial projections under Financial Guidance, and statements regarding the business momentum, strength of the business, market opportunities, and any other forward-looking statements included in this presentation reflect management's best judgment based on factors currently known and involve risks and uncertainties; our actual results may differ materially from those discussed here. These risks and uncertainties include: potential fluctuations in new contract bookings, renewal rates, operating results and future growth rates; continued market acceptance of our Advent Portfolio Exchange®, Geneva®, and Moxy® products; the successful development, release and market acceptance of new products, services and enhancements; uncertainties and fluctuations in the financial markets; the Company's ability to satisfy contractual performance requirements; difficulties in achieving organizational objectives and other risks detailed from time to time in our SEC reports including, but not limited to, our quarterly reports on Form 10-Q and our 2011 annual report on Form 10-K. The Company disclaims any intention or obligation to publicly update or revise any forward-looking statements including any guidance, whether as a result of events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

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



                           ADVENT SOFTWARE, INC.
                   CONDENSED CONSOLIDATED BALANCE SHEETS
                               (In thousands)
                             (GAAP, Unaudited)

                                                  December 31   December 31
                                                     2012          2011
                                                 ------------  ------------
ASSETS
Current assets:
    Cash and cash equivalents                    $     58,217  $     65,525
    Short-term marketable securities                  111,192        69,908
    Accounts receivable, net                           61,069        62,125
    Deferred taxes, current                            18,934        16,294
    Prepaid expenses and other                         25,868        23,660
    Current assets of discontinued operation               88             -
                                                 ------------  ------------
        Total current assets                          275,368       237,512
Property and equipment, net                            37,269        42,301
Goodwill                                              206,932       204,621
Other intangibles, net                                 38,205        49,521
Long-term marketable securities                        61,552           917
Deferred taxes, long-term                              24,524        30,751
Other assets                                           12,994        15,927
Noncurrent assets of discontinued operation             1,609         2,006
                                                 ------------  ------------

        Total assets                             $    658,453  $    583,556
                                                 ============  ============

LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
    Accounts payable                             $      5,190  $     10,558
    Accrued liabilities                                37,096        40,029
    Deferred revenues                                 174,388       166,945
    Income taxes payable                                5,593         2,972
    Current portion of long-term debt                  10,000         5,000
    Current liabilities of discontinued
     operation                                            262           488
                                                 ------------  ------------
        Total current liabilities                     232,529       225,992
Deferred revenues, long-term                            8,787         7,926
Long-term income taxes payable                          5,335         3,196
Long-term debt                                         85,000        45,000
Other long-term liabilities                            13,139        13,748
Noncurrent liabilities of discontinued operation        3,804         4,633
                                                 ------------  ------------

        Total liabilities                             348,594       300,495
                                                 ------------  ------------


Stockholders' equity:
    Common stock                                          505           510
    Additional paid-in capital                        453,585       429,734
    Accumulated deficit                              (154,261)     (154,053)
    Accumulated other comprehensive income             10,030         6,870
                                                 ------------  ------------
        Total stockholders' equity                    309,859       283,061
                                                 ------------  ------------

        Total liabilities and stockholders'
         equity                                  $    658,453  $    583,556
                                                 ============  ============



                           ADVENT SOFTWARE, INC.
              CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
                   (In thousands, except per share data)
                             (GAAP, Unaudited)

                                  Three Months Ended   Twelve Months Ended
                                      December 31           December 31
                                 --------------------  --------------------
                                    2012       2011       2012       2011
                                 ---------  ---------  ---------  ---------

Net revenues:
Recurring revenues               $  83,875  $  77,760  $ 324,627  $ 291,486
Non-recurring revenues               8,142      8,525     34,192     34,762
                                 ---------  ---------  ---------  ---------

    Total net revenues              92,017     86,285    358,819    326,248

Cost of revenues (1):
Recurring revenues                  16,991     16,711     68,953     62,329
Non-recurring revenues               9,890      9,953     43,505     39,623
Amortization of developed
 technology                          2,558      2,555     10,258      8,820
                                 ---------  ---------  ---------  ---------

    Total cost of revenues          29,439     29,219    122,716    110,772
                                 ---------  ---------  ---------  ---------

    Gross margin                    62,578     57,066    236,103    215,476

Operating expenses (1):
Sales and marketing                 18,566     19,496     74,688     74,807
Product development                 16,637     16,065     67,014     57,561
General and administrative          10,144      9,904     37,763     37,040
Amortization of other
 intangibles                           958        956      3,825      2,807
Restructuring charges                3,581        565      3,634        696
                                 ---------  ---------  ---------  ---------

    Total operating expenses        49,886     46,986    186,924    172,911
                                 ---------  ---------  ---------  ---------

Income from continuing
 operations                         12,692     10,080     49,179     42,565
Interest and other income
 (expense), net                       (515)      (406)    (1,620)    (1,243)
                                 ---------  ---------  ---------  ---------

Income from continuing
 operations before income taxes     12,177      9,674     47,559     41,322
Provision for income taxes           4,147      3,143     17,328     12,991
                                 ---------  ---------  ---------  ---------

    Net income from continuing
     operations                  $   8,030  $   6,531  $  30,231  $  28,331

Discontinued operation:
    Net (loss) income from
     discontinued operation (net
     of applicable taxes of
     $(8), $(114), $126, and
     $1,197, respectively)             (49)        66        184      1,839

                                 ---------  ---------  ---------  ---------
Net income                       $   7,981  $   6,597  $  30,415  $  30,170
                                 =========  =========  =========  =========

Basic net income per share (2):
    Continuing operations        $    0.16  $    0.13  $    0.60  $    0.55
    Discontinued operation            0.00       0.00       0.00       0.04
                                 ---------  ---------  ---------  ---------
        Total operations         $    0.16  $    0.13  $    0.60  $    0.58
                                 =========  =========  =========  =========

Diluted net income per share
 (2):
    Continuing operations        $    0.16  $    0.12  $    0.58  $    0.52
    Discontinued operation            0.00       0.00       0.00       0.03
                                 ---------  ---------  ---------  ---------
        Total operations         $    0.15  $    0.12  $    0.58  $    0.56
                                 =========  =========  =========  =========

Weighted average shares used to
 compute net income per share:
    Basic                           50,276     50,848     50,614     51,797
    Diluted                         51,802     53,051     52,425     54,085

(1) Includes stock-based
 employee compensation expense
 as follows:

    Cost of recurring revenues   $     595  $     619  $   2,405  $   2,154
    Cost of non-recurring
     revenues                          310        341      1,236      1,314
                                 ---------  ---------  ---------  ---------
        Total cost of revenues         905        960      3,641      3,468

    Sales and marketing              1,902      1,579      7,165      6,305
    Product development              1,483      1,340      5,821      5,138
    General and administrative       1,167      1,092      4,174      4,227
                                 ---------  ---------  ---------  ---------
        Total operating expenses     4,552      4,011     17,160     15,670
                                 ---------  ---------  ---------  ---------

    Total stock-based employee
     compensation expense        $   5,457  $   4,971  $  20,801  $  19,138
                                 =========  =========  =========  =========

(2) Net income per share is based on actual calculated values and totals
 may not sum due to rounding.



                           ADVENT SOFTWARE, INC.
              CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                               (In thousands)
                             (GAAP, Unaudited)

                                                     Twelve Months Ended
                                                         December 31
                                                 --------------------------
                                                     2012          2011
                                                 ------------  ------------
Cash flows from operating activities:
   Net income                                    $     30,415  $     30,170
   Adjustment to net income for discontinued
    operation                                            (184)       (1,839)
                                                 ------------  ------------
   Net income from continuing operations         $     30,231  $     28,331

   Adjustments to reconcile net income to net
    cash provided by operating activities from
    continuing operations:
      Stock-based compensation                         20,801        19,138
      Excess tax benefit from stock-based
       compensation                                    (7,785)       (7,055)
      Depreciation and amortization                    25,879        22,632
      Amortization of debt issuance costs                 381             -
      Provision for doubtful accounts                     403           230
      Provision for (reduction of) sales returns        1,154          (187)
      Non-cash impairment loss                              -           500
      Deferred income taxes                             5,230         4,700
      Other                                              (252)          103
                                                 ------------  ------------
            Effect of statement of operations
             adjustments                               45,811        40,061
      Changes in operating assets and
       liabilities:
         Accounts receivable                              575       (10,198)
         Prepaid and other assets                         822        (6,977)
         Accounts payable                              (5,368)        3,734
         Accrued liabilities                           (2,055)        3,069
         Deferred revenues                              7,151        18,560
         Income taxes payable                           9,453         6,604
                                                 ------------  ------------
            Effect of changes in operating
             assets and liabilities                    10,578        14,792
                                                 ------------  ------------

Net cash provided by operating activities from
 continuing operations                                 86,620        83,184

Cash flows from investing activities:
   Cash used in acquisitions, net of cash
    acquired                                             (700)      (97,092)
   Purchases of property and equipment                 (6,369)      (11,252)
   Capitalized software development costs              (2,137)       (2,358)
   Purchases of marketable securities                (220,994)      (89,236)
   Sales and maturities of marketable securities      118,588        87,428
   Change in restricted cash                               95             -
                                                 ------------  ------------

Net cash provided by investing activities from
 continuing operations                               (111,517)     (112,510)

Cash flows from financing activities:
   Proceeds from common stock issued from
    exercises of stock options                          5,173         7,189
   Withholding taxes related to equity award net
    share settlement                                   (5,496)       (5,775)
   Proceeds from common stock issued under the
    employee stock purchase plan                        6,661         6,158
   Repurchase of common stock                         (41,275)      (51,582)
   Proceeds from debt                                  50,000        50,000
   Repayment of debt                                   (5,000)            -
   Debt issuance costs                                      -        (1,901)
   Excess tax benefits from stock-based
    compensation                                        7,785         7,055
                                                 ------------  ------------

Net cash used in financing activities from
 continuing operations                                 17,848        11,144

Net cash transferred (to) from discontinued
 operation                                               (561)        1,655

Effect of exchange rate changes on cash and cash
 equivalents                                              302           104
                                                 ------------  ------------

Net change in cash and cash equivalents from
 continuing operations                                 (7,308)      (16,423)
Cash and cash equivalents of continuing
 operations at beginning of period                     65,525        81,948
                                                 ------------  ------------

Cash and cash equivalents of continuing
 operations at end of period                     $     58,217  $     65,525
                                                 ============  ============


                                                     Twelve Months Ended
                                                         December 31
                                                 --------------------------
                                                     2012          2011
                                                 ------------  ------------
Supplemental disclosure of cash flow information
Cash flow from discontiued operation:
   Net cash used in operating activities         $       (561) $     (1,349)
   Net cash provided by investing activities                -         3,004
   Net cash transferred from (to) continuing
    operations                                            561        (1,655)
   Effect of exchange rates on cash and cash
    equivalents                                             -             -
                                                 ------------  ------------
   Net change in cash and cash equivalents from
    discontinued operations                                 -             -
   Cash and cash equivalents of discontinued
    operation at beginning of period                        -             -
                                                 ------------  ------------
   Cash and cash equivalents of discontinued
    operation at end of period                   $          -  $          -
                                                 ============  ============

The cash flows from the discontinued operation, as presented in the
condensed consolidated statement of cash flows, relate to the operations of
MicroEdge.



                           ADVENT SOFTWARE, INC.
RECONCILIATION OF SELECTED CONTINUING OPERATIONS' GAAP MEASURES TO NON-GAAP
                                  MEASURES
                   (In thousands, except per share data)
                                (Unaudited)

To supplement our condensed consolidated financial statements presented on
a GAAP basis, Advent uses non-GAAP measures of continuing operations'
operating income, net income and net income per share, which are adjusted
to exclude certain costs, expenses, gains and losses we believe appropriate
to enhance an overall understanding of our past financial performance and
also our prospects for the future. These adjustments to our current period
GAAP results are made with the intent of providing both management and
investors a more complete understanding of Advent's underlying operational
results and trends and our marketplace performance. In addition, these
adjusted non-GAAP results are among the information management uses as a
basis for our planning and forecasting of future periods. The presentation
of this additional information is not meant to be considered in isolation
or as a substitute for results prepared in accordance with generally
accepted accounting principles in the United States of America.


                               Three Months Ended December 31, 2012 for
                                         Continuing Operations
                           ------------------------------------------------
                             Gross    Gross   Operating Operating     Net
                            Margin  Margin %    Income   Income %   Income
                           -------- --------  --------- ---------  --------

GAAP                       $ 62,578       68% $  12,692        14% $  8,030

   Amortization of
    acquired developed
    technology                1,908               1,908               1,908
   Amortization of other
    acquired intangibles          -                 958                 958
   Stock-based
    compensation - cost of
    revenues                    905                 905                 905
   Stock-based
    compensation -
    operating expenses            -               4,552               4,552
   Restructuring charges          -               3,581               3,581
   Income tax adjustment
    for non-GAAP (1)              -                   -              (4,281)

                           --------           ---------            --------
Non-GAAP                   $ 65,391       71% $  24,596        27% $ 15,653
                           ========           =========            ========

Diluted net income per
 share
   GAAP                                                            $   0.16
   Non-GAAP                                                        $   0.30

Shares used to compute
 diluted net income per
 share                                                               51,802

                               Three Months Ended December 31, 2011 for
                                         Continuing Operations
                           ------------------------------------------------
                             Gross    Gross   Operating Operating     Net
                            Margin  Margin %    Income   Income %   Income
                           -------- --------  --------- ---------  --------

GAAP                       $ 57,066       66% $  10,080        12% $  6,531

   Amortization of
    acquired developed
    technology                1,899               1,899               1,899
   Amortization of other
    acquired intangibles          -                 956                 956
   Stock-based
    compensation - cost of
    revenues                    960                 960                 960
   Stock-based
    compensation -
    operating expenses            -               4,011               4,011
   Restructuring charges          -                 565                 565
   Income tax adjustment
    for non-GAAP (1)              -                   -              (3,180)

                           --------           ---------            --------
Non-GAAP                   $ 59,925       69% $  18,471        21% $ 11,742
                           ========           =========            ========

Diluted net income per
 share
   GAAP                                                            $   0.12
   Non-GAAP                                                        $   0.22

Shares used to compute
 diluted net income per
 share                                                               53,051

(1) The estimated non-GAAP effective tax rate was 35% for the three months
    ended December 31, 2012 and 2011, respectively, and has been used to
    adjust the provision for income taxes for non-GAAP purposes.



                           ADVENT SOFTWARE, INC.
RECONCILIATION OF SELECTED CONTINUING OPERATIONS' GAAP MEASURES TO NON-GAAP
                                  MEASURES
                   (In thousands, except per share data)
                                (Unaudited)

To supplement our condensed consolidated financial statements presented on
a GAAP basis, Advent uses non-GAAP measures of continuing operations'
operating income, net income and net income per share, which are adjusted
to exclude certain costs, expenses, gains and losses we believe appropriate
to enhance an overall understanding of our past financial performance and
also our prospects for the future. These adjustments to our current period
GAAP results are made with the intent of providing both management and
investors a more complete understanding of Advent's underlying operational
results and trends and our marketplace performance. In addition, these
adjusted non-GAAP results are among the information management uses as a
basis for our planning and forecasting of future periods. The presentation
of this additional information is not meant to be considered in isolation
or as a substitute for results prepared in accordance with generally
accepted accounting principles in the United States of America.


                               Twelve Months Ended December 31, 2012 for
                                         Continuing Operations
                           ------------------------------------------------
                             Gross    Gross   Operating Operating     Net
                            Margin  Margin %    Income   Income %   Income
                           -------- --------  --------- ---------  --------

GAAP                       $236,103       66% $  49,179        14% $ 30,231

   Amortization of
    acquired developed
    technology                7,599               7,599               7,599
   Amortization of other
    acquired intangibles          -               3,825               3,825
   Stock-based
    compensation - cost of
    revenues                  3,641               3,641               3,641
   Stock-based
    compensation -
    operating expenses            -              17,160              17,160
   Restructuring charges          -               3,634               3,634
   Income tax adjustment
    for non-GAAP (1)              -                   -             (11,868)

                           --------           ---------            --------
Non-GAAP                   $247,343       69% $  85,038        24% $ 54,222
                           ========           =========            ========

Diluted net income per
 share
   GAAP                                                            $   0.58
   Non-GAAP                                                        $   1.03

Shares used to compute
 diluted net income per
 share                                                               52,425

                               Twelve Months Ended December 31, 2011 for
                                         Continuing Operations
                           ------------------------------------------------
                             Gross    Gross   Operating Operating     Net
                            Margin  Margin %    Income   Income %   Income
                           -------- --------  --------- ---------  --------

GAAP                       $215,476       66% $  42,565        13% $ 28,331

   Amortization of
    acquired developed
    technology                6,019               6,019               6,019
   Amortization of other
    acquired intangibles          -               2,807               2,807
   Stock-based
    compensation - cost of
    revenues                  3,468               3,468               3,468
   Stock-based
    compensation -
    operating expenses            -              15,670              15,670
   Acquisition related            -                 936                 936
   Investment loss                -                   -                 500
   Restructuring charges          -                 696                 696
   Income tax adjustment
    for non-GAAP (1)              -                   -             (12,005)

                           --------           ---------            --------
Non-GAAP                   $224,963       69% $  72,161        22% $ 46,422
                           ========           =========            ========

Diluted net income per
 share
   GAAP                                                            $   0.52
   Non-GAAP                                                        $   0.86

Shares used to compute
 diluted net income per
 share                                                               54,085

(1) The estimated non-GAAP effective tax rate was 35% for the twelve months
    ended December 31, 2012 and 2011, respectively, and has been used to
    adjust the provision for income taxes for non-GAAP purposes.



                            ADVENT SOFTWARE, INC.
 RECONCILIATION OF PROJECTED CONTINUING OPERATIONS' GAAP OPERATING INCOME %
                       TO NON-GAAP OPERATING INCOME %
                         (Preliminary and unaudited)

Advent provides projections of non-GAAP measures of its continuing
operations' operating income. These non-GAAP measures exclude certain costs,
expenses, gains and losses which it believes is appropriate to enhance an
overall understanding of our past financial performance and also our
prospects for the future. These adjustments to our projected continuing
operations' GAAP results are made with the intent of providing management
and investors a more complete understanding of Advent's underlying
operational results and trends and our marketplace performance. In addition,
these adjusted non-GAAP projections are among the information management
uses as a basis for planning and forecasting of future periods. The
presentation of this additional information is not meant to be considered in
isolation or as a substitute for results prepared in accordance with
generally accepted accounting principles in the United States of America.

                                           Twelve Months Ending December 31,
                                                          2013
                                                 Continuing Operations
                                                   Operating Income %
                                           ---------------------------------

Projected GAAP                                17.5%        to       18.0%
                                           =================================

    Projected amortization of acquired
     developed technology and other
     acquired intangible asset adjustment                 3.0%
    Projected stock-based compensation
     adjustment                                           6.0%
    Projected restructuring charge
     adjustment                                           0.5%

                                           ---------------------------------
Projected non-GAAP                            27.0%        to       27.5%
                                           =================================

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Advent Software, Inc.
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@ThingsExpo Stories
Whether your IoT service is connecting cars, homes, appliances, wearable, cameras or other devices, one question hangs in the balance – how do you actually make money from this service? The ability to turn your IoT service into profit requires the ability to create a monetization strategy that is flexible, scalable and working for you in real-time. It must be a transparent, smoothly implemented strategy that all stakeholders – from customers to the board – will be able to understand and comprehe...
It’s 2016: buildings are smart, connected and the IoT is fundamentally altering how control and operating systems work and speak to each other. Platforms across the enterprise are networked via inexpensive sensors to collect massive amounts of data for analytics, information management, and insights that can be used to continuously improve operations. In his session at @ThingsExpo, Brian Chemel, Co-Founder and CTO of Digital Lumens, will explore: The benefits sensor-networked systems bring to ...
SYS-CON Events announced today that Venafi, the Immune System for the Internet™ and the leading provider of Next Generation Trust Protection, will exhibit at @DevOpsSummit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Venafi is the Immune System for the Internet™ that protects the foundation of all cybersecurity – cryptographic keys and digital certificates – so they can’t be misused by bad guys in attacks...
"Tintri was started in 2008 with the express purpose of building a storage appliance that is ideal for virtualized environments. We support a lot of different hypervisor platforms from VMware to OpenStack to Hyper-V," explained Dan Florea, Director of Product Management at Tintri, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Identity is in everything and customers are looking to their providers to ensure the security of their identities, transactions and data. With the increased reliance on cloud-based services, service providers must build security and trust into their offerings, adding value to customers and improving the user experience. Making identity, security and privacy easy for customers provides a unique advantage over the competition.
Is your aging software platform suffering from technical debt while the market changes and demands new solutions at a faster clip? It’s a bold move, but you might consider walking away from your core platform and starting fresh. ReadyTalk did exactly that. In his General Session at 19th Cloud Expo, Michael Chambliss, Head of Engineering at ReadyTalk, will discuss why and how ReadyTalk diverted from healthy revenue and over a decade of audio conferencing product development to start an innovati...
For basic one-to-one voice or video calling solutions, WebRTC has proven to be a very powerful technology. Although WebRTC’s core functionality is to provide secure, real-time p2p media streaming, leveraging native platform features and server-side components brings up new communication capabilities for web and native mobile applications, allowing for advanced multi-user use cases such as video broadcasting, conferencing, and media recording.
Large scale deployments present unique planning challenges, system commissioning hurdles between IT and OT and demand careful system hand-off orchestration. In his session at @ThingsExpo, Jeff Smith, Senior Director and a founding member of Incenergy, will discuss some of the key tactics to ensure delivery success based on his experience of the last two years deploying Industrial IoT systems across four continents.
There will be new vendors providing applications, middleware, and connected devices to support the thriving IoT ecosystem. This essentially means that electronic device manufacturers will also be in the software business. Many will be new to building embedded software or robust software. This creates an increased importance on software quality, particularly within the Industrial Internet of Things where business-critical applications are becoming dependent on products controlled by software. Qua...
"There's a growing demand from users for things to be faster. When you think about all the transactions or interactions users will have with your product and everything that is between those transactions and interactions - what drives us at Catchpoint Systems is the idea to measure that and to analyze it," explained Leo Vasiliou, Director of Web Performance Engineering at Catchpoint Systems, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York Ci...
SYS-CON Events has announced today that Roger Strukhoff has been named conference chair of Cloud Expo and @ThingsExpo 2016 Silicon Valley. The 19th Cloud Expo and 6th @ThingsExpo will take place on November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. "The Internet of Things brings trillions of dollars of opportunity to developers and enterprise IT, no matter how you measure it," stated Roger Strukhoff. "More importantly, it leverages the power of devices and the Interne...
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, demonstrated how to move beyond today's coding paradigm and shared the must-have mindsets for removing complexity from the develo...
SYS-CON Events announced today that MangoApps will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. MangoApps provides modern company intranets and team collaboration software, allowing workers to stay connected and productive from anywhere in the world and from any device.
The IETF draft standard for M2M certificates is a security solution specifically designed for the demanding needs of IoT/M2M applications. In his session at @ThingsExpo, Brian Romansky, VP of Strategic Technology at TrustPoint Innovation, explained how M2M certificates can efficiently enable confidentiality, integrity, and authenticity on highly constrained devices.
"We've discovered that after shows 80% if leads that people get, 80% of the conversations end up on the show floor, meaning people forget about it, people forget who they talk to, people forget that there are actual business opportunities to be had here so we try to help out and keep the conversations going," explained Jeff Mesnik, Founder and President of ContentMX, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Internet of @ThingsExpo has announced today that Chris Matthieu has been named tech chair of Internet of @ThingsExpo 2016 Silicon Valley. The 6thInternet of @ThingsExpo will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
When people aren’t talking about VMs and containers, they’re talking about serverless architecture. Serverless is about no maintenance. It means you are not worried about low-level infrastructural and operational details. An event-driven serverless platform is a great use case for IoT. In his session at @ThingsExpo, Animesh Singh, an STSM and Lead for IBM Cloud Platform and Infrastructure, will detail how to build a distributed serverless, polyglot, microservices framework using open source tec...
The 19th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Digital Transformation, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportuni...
From wearable activity trackers to fantasy e-sports, data and technology are transforming the way athletes train for the game and fans engage with their teams. In his session at @ThingsExpo, will present key data findings from leading sports organizations San Francisco 49ers, Orlando Magic NBA team. By utilizing data analytics these sports orgs have recognized new revenue streams, doubled its fan base and streamlined costs at its stadiums. John Paul is the CEO and Founder of VenueNext. Prior ...
A critical component of any IoT project is what to do with all the data being generated. This data needs to be captured, processed, structured, and stored in a way to facilitate different kinds of queries. Traditional data warehouse and analytical systems are mature technologies that can be used to handle certain kinds of queries, but they are not always well suited to many problems, particularly when there is a need for real-time insights.