News

MicroEdge, Inc. and The Rensselaerville Institute Announce Strategic Alliance

For Immediate Release

MicroEdge, Inc. and The Rensselaerville Institute Announce
Strategic Alliance to Focus on Outcomes for Foundations

Joint effort to create tools to measure performance outcomes
of charitable grants from foundations.

New York – October 21, 2006 – MicroEdge, Inc., a wholly owned subsidiary of Advent Software (NASDAQ: ADVS), and leading provider of solutions for the grantmaking community worldwide announced today the establishment of a strategic and cooperative relationship with The Rensselaerville Institute, the highly-regarded, 45-year old (with roots dating back to 1870) non-profit group, dedicated to measuring and improving outcomes in all fields of human achievement.

With help from The Institute, MicroEdge will create an outcome-based application that will offer new options to foundations that will help them establish their baselines for tracking and reporting outcomes. Utilizing this application, foundations can define and share best practices, innovations, and solutions to common problems that implementing groups face. The overall intent is to move the interaction of foundations and grantees from a focus on what they do – to what they achieve.

According to George W. Macintyre, President of MicroEdge, “The time is right to include in our software, a stronger focus on results and provide tools that help create and verify them. We have found just the right partner in The Rensselaerville Institute. We love the way their simple language and powerful paradigm shift from ‘funder to investor’ have helped foundations.”

Macintyre adds, “We’ve seen a growing demand from foundations of all sizes and scopes, seeking the capability to accurately establish exactly what happens to the financial investment they make through their grants. The respect commanded by The Rensselaerville Institute’s reputation for outcomes’ success, makes this a natural fit with our full service approach.”

In echoing the announcement, Harold S. Williams, President of The Rensselaerville Institute, said, “In our consulting engagements with foundations worldwide, we have always stopped just short of the critical connection to core information systems used for grants management. MicroEdge is not only the preeminent player in this market space, but their software is the perfect fit for our tools. Outcome measurement can be made seamless if the data that foundations collect and use is properly defined up-front and tracked throughout the process.”

The strategic alliance focuses on MicroEdge’s new PORTICO GRM product offering that enables foundations to combine their grants management (done in MicroEdge GIFTS) with interactive and on-going data sharing with grantees. With outcome-based business logic from The Rensselaerville Institute, PORTICO GRM will create shared frameworks for defining, tracking, and improving human gain for individuals served by foundation-funded programs.

From an implementation perspective, MicroEdge will add outcome tools and templates to its already robust software solutions. The Rensselaerville Institute will contribute direct consulting with foundations, using the enhanced software to insure the best possible use of information to define outcomes from grants and efficiently help grantees achieve those outcomes.

About MicroEdge
MicroEdge, Inc. (www.microedge.com), a subsidiary of Advent Software, Inc. is the leading provider of software and services to the giving community worldwide. The MicroEdge suite of Windows and Web-based software delivers a powerful, integrated, and open framework upon which effective charitable giving can be made. The company is committed to providing the best technology toolset for foundations, corporations, government agencies, donors, advisors and financial institutions. Together, these tools help organizations to work with one another to raise, invest, manage and award charitable currency. MicroEdge, Inc. is headquartered in New York City with regional offices throughout North America, and supports thousands of clients worldwide.

About The Rensselaerville Institute
The Rensselaerville Institute (www.rinstitute.org), is the education center that applies outcome thinking and practice to such diverse challenges as bringing fresh water to a distressed community, turning around a low-performing school, or showing a non-profit how to get more people from welfare to work. The Rensselaerville Institute’s vision is one of communities with such vitality that people stay by choice, not by circumstance; of groups recognized for their accomplishments, not their activities; and for grantmakers who are relentless in their determination to increase the human gains that justify their investments.

About Advent
Advent Software, Inc. (www.advent.com), a multi-national firm, has been providing trusted solutions to the world's leading financial professionals since 1983. Firms in 60 countries using Advent technology manage investments totaling more than US $12 trillion. Advent's quality software, data, services and tools enable financial professionals to improve service and communication to their clients, allowing them to grow their business while controlling costs.

Forward-looking Statements
Any forward looking statements included in this press release involve risks and uncertainties that could cause actual results to differ materially from our expectations. These risks and uncertainties include market acceptance of new products, the impact of initiatives by competitors, and other risks detailed in Advent's filings with the Securities and Exchange Commission, including, but not limited to, its annual report on Form 10-K and quarterly reports on Form 10-Q, as amended, copies of which may be obtained by contacting Advent Software at 415-645-1787, or by visiting Advent's Investor Relations website at www.advent.com.