Advent Software, Inc. (ADVS)

Advent Software, Inc. provides integrated software solutions for automating and integrating data and work flows across investment management organizations, as well as the information flows between the investment management organization and external parties in the United States and internationally. The company develops, markets, and sells stand-alone and client/server software products, data and data interfaces, and related maintenance and services that automate, integrate, and support the functions of the front, middle, and back offices of investment management organizations. It also sells software and services for grant management, matching gifts, and volunteer tracking for the grantmaking community. In addition, the company provides professional services, such as consulting, project management, implementation, integration, custom report writing, and training. Its clients include asset managers, registered investment advisors, prime brokers, fund administrators, hedge funds, family offices, and banks and trusts, as well as corporations, foundations, and non-profit organizations that provide grants to non-profit organizations. Advent Software Inc. was founded in 1983 and is headquartered in San Francisco, California.

For the nine months ended 30 September 2006, Advent Software, Inc.'s revenues increased 9% to $133.9M. Net income decreased 43% to $6M. Revenues reflect increased maintenance & other recurring revenue. Net income was offset by higher license & development fee, increased maintenance & other recurring expense, higher professional & other expense, increased sales & marketing expenses and higher product development expense.