Advent Software Joins With Accenture, Microsoft, Compaq And The Bank of New York to Form Encompys

Advent Serves as Core Application Provider for New Company



Apr 26, 2001, 01:00 ET from Advent Software, Inc.

    SAN FRANCISCO, April 26 /PRNewswire/ --
 Advent Software, Inc. (R) (Nasdaq:   ADVS), the leading provider of Enterprise
 Investment Management software, announces it has joined with Accenture,
 Microsoft (Nasdaq:   MSFT), Compaq (NYSE:   CPQ) and the Bank of New York
 (NYSE:   BK) to create Encompys, a newly formed independent company that will
 develop an Internet-based straight-through-processing solution for the global
 asset management community. PIMCO, one of the world's largest fund managers,
 will be Encompys' first client.
     Encompys was formed to provide global asset managers with a single point
 of entry for all pre-trade, trade and post-trade activities, which in turn
 will allow them to focus on their core competencies of investment management
 and client relationships. In advance of the securities industry's anticipated
 move to a trade-plus-one day (T+1) settlement environment, Encompys will
 enable firms to employ a sophisticated outsourced solution for their trade
 activities, while avoiding the high costs and associated risk of building
 these systems in-house.
     Accenture will serve as consulting services provider to Encompys, focusing
 on business and systems integration and construction of the client
 relationship management functionality; Advent will furnish the core
 applications; Compaq will provide ProLiant servers and related hardware;
 Microsoft will supply the system software and Internet portal applications;
 and The Bank of New York will deliver middle- and back-office trade
 execution, securities servicing support and master record-keeping services.
     "We're extremely pleased to be part of this company that will be
 addressing the critical need for T+1 compliant systems in the securities
 industry," said Collin Cohen, Executive Vice President, Corporate and New
 Business Development of Advent. "Our participation in this company further
 illustrates our long-standing commitment to provide the industry with the
 most innovative and comprehensive software solutions."
     Advent Software, Inc. is the leading provider of Enterprise Investment
 Management solutions. The company provides a suite of complementary products
 for the front, middle and back offices of investment management
 organizations. The company's common stock is traded on the NASDAQ National
 Market under the symbol ADVS.
     NOTE:  Advent Software, Inc. is a registered trademark of Advent Software.
 All other products or services mentioned herein are trademarks or registered
 trademarks of their respective companies.
 
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SOURCE Advent Software, Inc.
    SAN FRANCISCO, April 26 /PRNewswire/ --
 Advent Software, Inc. (R) (Nasdaq:   ADVS), the leading provider of Enterprise
 Investment Management software, announces it has joined with Accenture,
 Microsoft (Nasdaq:   MSFT), Compaq (NYSE:   CPQ) and the Bank of New York
 (NYSE:   BK) to create Encompys, a newly formed independent company that will
 develop an Internet-based straight-through-processing solution for the global
 asset management community. PIMCO, one of the world's largest fund managers,
 will be Encompys' first client.
     Encompys was formed to provide global asset managers with a single point
 of entry for all pre-trade, trade and post-trade activities, which in turn
 will allow them to focus on their core competencies of investment management
 and client relationships. In advance of the securities industry's anticipated
 move to a trade-plus-one day (T+1) settlement environment, Encompys will
 enable firms to employ a sophisticated outsourced solution for their trade
 activities, while avoiding the high costs and associated risk of building
 these systems in-house.
     Accenture will serve as consulting services provider to Encompys, focusing
 on business and systems integration and construction of the client
 relationship management functionality; Advent will furnish the core
 applications; Compaq will provide ProLiant servers and related hardware;
 Microsoft will supply the system software and Internet portal applications;
 and The Bank of New York will deliver middle- and back-office trade
 execution, securities servicing support and master record-keeping services.
     "We're extremely pleased to be part of this company that will be
 addressing the critical need for T+1 compliant systems in the securities
 industry," said Collin Cohen, Executive Vice President, Corporate and New
 Business Development of Advent. "Our participation in this company further
 illustrates our long-standing commitment to provide the industry with the
 most innovative and comprehensive software solutions."
     Advent Software, Inc. is the leading provider of Enterprise Investment
 Management solutions. The company provides a suite of complementary products
 for the front, middle and back offices of investment management
 organizations. The company's common stock is traded on the NASDAQ National
 Market under the symbol ADVS.
     NOTE:  Advent Software, Inc. is a registered trademark of Advent Software.
 All other products or services mentioned herein are trademarks or registered
 trademarks of their respective companies.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X64185258
 
 SOURCE  Advent Software, Inc.