Advent Software says to remain independent after review

(Reuters) - Accounting software maker Advent Software Inc said it decided to continue as an independent company after a strategic review, sending shares down as much as 12 percent in early trading. Advent, which has a market value of about $1.5 billion, had hired Frank Quattrone's investment bank Qatalyst Partners to explore a sale, Reuters reported on March 12, quoting several sources familiar with the matter. The company has embarked on a cost-cutting campaign to improve margins as revenue growth slows. ...



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