ITEM 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

On November 17, 2008, Advent Software, Inc. (the "Company") drew down, under its senior secured credit facility agreement (the "Facility") with Wells Fargo Foothill Inc., a principal amount of $25 million which will bear interest at a rate of 4.0% per year. At this time, the Company intends to repay the loan balance at the end of the credit facility term in February 2010 but may elect to do so sooner. A description of the Facility is provided under the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission on February 21, 2007, and a copy of the Facility was filed as Exhibit 10.14 to the Company's Annual Report on Form 10-K on March 16, 2007.

ITEM 8.01 Other Events

On November 19, 2008, the Company entered into a pre-arranged Rule 10b5-1 trading plan ("Trading Plan") with a broker to facilitate the repurchase of its shares of common stock, pursuant to the requirements of and in conformity with the provisions of Rule 10b5-1 under the Securities and Exchange Act of 1934, as amended. Under the Trading Plan which goes into effect December 11, 2008, the Company may continue to repurchase shares without suspension for trading blackout periods. The shares to be repurchased under the Trading Plan would be part of the stock repurchase program approved in October 2008.

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