Press Releases

Epitome Global Services Selects Paladyne as its Global Technology Platform

NEW YORK, NY – December 13, 2006 –Paladyne Systems, LLC today announced that it has licensed its PALADYNE™ product suite to Epitome Global Services (“Epitome”), a global provider of value-added financial services to investment banks, securities firms, and asset managers. Epitome has introduced a unique business model by combining highly trained offshore resources with a comprehensive service offering including financial and quantitative research, middle and back-office operations and accounting support services, and traditional fund administration. Epitome has licensed the complete PALADYNE suite of front-, middle, and back-office products which includes the ASP version of Advent Geneva®, a global portfolio accounting and investor reporting system.

Epitome will implement the PALADYNE ASP™ offering, a fully-hosted solution including software, hardware, database maintenance, IT and disaster recovery services. Paladyne’s hosted platform may be accessed remotely by each of Epitome’s office locations and will serve as a centralized global services platform. The PALADYNE ASP platform also enables Epitome to expand its service offering by providing direct client access to Paladyne’s front- and middle-office tools including order management, real-time P&L and portfolio management, data warehousing, custom reporting and performance analysis.

“We selected Paladyne due to the breadth of its product offering, state of the art technology, and highly scaleable ASP platform. Paladyne’s ASP solution enables us to be up and running in production in a very short timeframe with minimal up-front investment,” said Raju Panjwani, Founder and CEO of Epitome Global Services. “We anticipate significant growth as well as consolidation in the hedge fund and mutual fund administration, and we are confident that Paladyne will scale and support our growth plans.”

“The Epitome value proposition is extremely compelling for hedge funds and we are excited to be their technology partner,” said Sameer Shalaby, Chief Executive Officer of Paladyne Systems. “Hedge funds are clearly moving more and more toward outsourcing solutions, and Epitome is well-positioned to capture significant market share by leveraging their knowledgeable, lower cost India- and North Carolina-based resources in combination with our comprehensive product and services offering.”

Paladyne and Epitome are currently implementing the PALADYNE product suite and expect to have production clients by Q1 2007.

About Epitome Global Services

Epitome Global Services (www.epitomeglobalservices.com) is a knowledge-based, value-added financial services support company providing:

  • Financial and quantitative research /analysis services to investment banks/securities firms and asset managers,
  • Middle / back office support to asset managers, and
  • Fund accounting and administration services to a variety of asset managers (hedge funds, mutual funds and government pensions).

Epitome is headquartered in Mumbai, India, with offices in New York and North Carolina.

About Broadridge

Broadridge Financial Solutions, Inc. (NYSE:BR) is the leading provider of investor communications and technology-driven solutions for broker-dealers, banks, mutual funds and corporate issuers globally. Broadridge’s investor communications, securities processing and operations outsourcing solutions help clients reduce their capital investments in operations infrastructure, allowing them to increase their focus on core business activities. With 50 years of experience, Broadridge’s infrastructure underpins proxy voting services for over 90% of public companies and mutual funds in North America, and processes more than $4.5 trillion in fixed income and equity trades per day. Broadridge employs approximately 6,200 full-time associates in 13 countries.

For more information about Broadridge, please visit www.broadridge.com.


Press Releases

Quintillion and Paladyne Team Up to Provide Leading Fund Administration and Technology Solutions to Hedge Funds

NEW YORK, NY and Dublin, Ireland – December 5, 2006 – Paladyne Systems, LLC today announced that it has licensed its PALADYNE™ product suite to Quintillion, a global provider of fund administration, middle- and back-office outsourcing, and technology services to the hedge fund industry. Quintillion has integrated PALADYNE’s front- and middle-office software with their existing portfolio accounting system, Advent Geneva® to streamline operations and to significantly expand their technology and client service offering.

Quintillion has implemented the PALADYNE ASP™ solution, a fully-hosted offering including software, hardware, database maintenance, IT and disaster recovery services. Paladyne’s hosted platform may be accessed remotely from each of Quintillion’s global office locations and is fully-integrated with Quintillion’s local installation of Advent Geneva® in Dublin. By leveraging PALADYNE ASP, Quintillion may expand its service offering by providing direct client access to Paladyne’s front- and middle-office tools including order management, real-time P&L and portfolio management, data warehousing, custom reporting, and performance analysis.

“In order to realize our vision of streamlined middle- and back-office administration and technology services, we needed to complement our Advent Geneva® software with PALADYNE’s integrated suite of products,” said Joan Kehoe, Chief Executive Officer of Quintillion. “We plan to grow our business significantly and with the Paladyne partnership, we now have tremendous scalability and flexibility to expand the scope of our services and provide technology infrastructure directly to our customers.”

“We are excited to partner with experienced industry veterans that understand the challenges facing fund administrators today,” said Sameer Shalaby, Chief Executive Officer of Paladyne Systems. “We are confident that Quintillion has the right team, business model, and investor support to execute on their vision of becoming a leading global fund administrator. We are excited that our product suite is an integral part of Quintillion’s infrastructure enabling them to service hedge funds of any size and complexity, from start-up funds to multi-strategy global institutions,” he said.

Paladyne and Quintillion are working together to integrate their product offerings and expect to have clients in production by year-end.

About Quintillion

Quintillion (www.quintillion.ie) opened in 2006 as an independently operated fund administration company based in Dublin’s IFSC. Quintillion was founded by a number of industry veterans to revolutionize the administration industry with world class service and leading edge technology solutions.

About Broadridge

Broadridge Financial Solutions, Inc. (NYSE:BR) is the leading provider of investor communications and technology-driven solutions for broker-dealers, banks, mutual funds and corporate issuers globally. Broadridge’s investor communications, securities processing and operations outsourcing solutions help clients reduce their capital investments in operations infrastructure, allowing them to increase their focus on core business activities. With 50 years of experience, Broadridge’s infrastructure underpins proxy voting services for over 90% of public companies and mutual funds in North America, and processes more than $4.5 trillion in fixed income and equity trades per day. Broadridge employs approximately 6,200 full-time associates in 13 countries.

For more information about Broadridge, please visit www.broadridge.com.


Press Releases

Paladyne Systems and Credit Suisse Deliver Next Generation Order Management Solution

Paladyne Portfolio Master provides comprehensive hedge fund trading solution

NEW YORK, November 28, 2006 – Paladyne Systems, a leading provider of front-to- back-office technology to the hedge fund industry, today announced the latest release of Paladyne Portfolio Master™ with state of the art FIX order routing and execution capabilities. In cooperation with Credit Suisse, Paladyne has enhanced its multi-asset class trading platform to include complete electronic trading and execution with connectivity to hundreds of executing brokers, algorithmic trading services, and third-party execution management systems including Credit Suisse trading venues and algorithms, such as AES®.

Paladyne Portfolio Master is available either as part of Paladyne’s integrated front- to back-office ASP platform or as a local install at a client site. Paladyne’s ASP solution provides a unique, turn-key electronic trading and order management solution with minimal implementation and cost. As such, Paladyne Portfolio Master supports the trading needs of both start-up hedge fund managers as well as multi-strategy global hedge funds.

“Credit Suisse’s partnership with Paladyne has been benefiting our clients and with the integration of Paladyne Portfolio Master to our trading platforms, we are even better positioned to meet the evolving needs of hedge funds,” said Philip Vasan, Managing Director and Head of Prime Services at Credit Suisse. “We are also working to expand our relationship with Paladyne globally in an effort to provide more comprehensive services to all of our customers.”

“Paladyne Portfolio Master enables hedge funds to trade electronically with venues of their choice. By working closely with Credit Suisse Prime Services, we were able to ensure that our solution supports the needs of funds of all sizes and strategies,” said Sameer Shalaby, Chief Executive Officer of Paladyne Systems. “The combination of Paladyne Portfolio Master with our entire front- to back-office integrated product suite enables our clients to reduce costs, increase productivity, and minimize operational risk.”

Some of the latest features in Paladyne Portfolio Master include:

  • Position Explorer – Customizable real-time P&L viewer with drill-down capabilities and portfolio analysis tools including strategy-based P&L and OTC pricing tools.
  • Algorithmic Staging Framework – Allows for direct access of sell-side algorithmic tools from within Paladyne Portfolio Master.
  • FIX Manager – Integration with the latest version of the NYFIX APPIA FIX engine including the FIX 4.4 protocol and network connectivity to more than 450 counterparties.
  • Trade Allocator – Allows for customizable allocation of orders across funds, strategies, and prime brokers, including automated trade allocation schemes.
  • Quick Ticket – Fully configurable trade ticket for quick electronic routing and minimal trader input to facilitate execution of immediate portfolio decisions.
  • Multiple Prime Broker Routing – Allows traders to split orders and route them to multiple brokers, and/or their trading algorithms.
  • FlexVenues – Allows traders to configure complex routing instructions to various trading destinations.

Leveraging the NYFIX network, Paladyne Portfolio Master can offer connectivity to hundreds of executing brokers, algorithmic trading services and third party Execution Management Systems and hubs. Paladyne is currently certifying additional algorithms and “dark liquidity” from such sources as: Sanford Bernstein, LIME Brokerage, Millennium, Jefferies QES, Portware, and Trading Screen.

The PALADYNE ™ product suite also includes the following integrated modules:

  • Paladyne Analytics Master™ – provides portfolio analytics, data aggregation, and custom reporting tools.
  • Paladyne Security Master™ – provides a centralized terms and conditions repository and distribution engine with real-time updates and corporate action alerts.
  • Paladyne Price Master™ – provides automated collection, storage, and analysis of prices and market data from any third-party sources.
  • Advent Geneva® – provides complete portfolio accounting solution including general ledger reporting, performance measurement, and portfolio reporting as part of Paladyne’s hosted solution.

About Credit Suisse

As one of the world’s leading banks, Credit Suisse provides its clients with investment banking, private banking and asset management services worldwide. Credit Suisse offers advisory services, comprehensive solutions and innovative products to companies, institutional clients and high-net-worth private clients globally, as well as retail clients in Switzerland. Credit Suisse is active in over 50 countries and employs approximately 40,000 people. Credit Suisse’s parent company, Credit Suisse Group, is a leading global financial services company headquartered in Zurich. Credit Suisse Group’s registered shares (CSGN) are listed in Switzerland and, in the form of American Depositary Shares (CS), in New York. Further information about Credit Suisse can be found at www.credit-suisse.com.

About Broadridge

Broadridge Financial Solutions, Inc. (NYSE:BR) is the leading provider of investor communications and technology-driven solutions for broker-dealers, banks, mutual funds and corporate issuers globally. Broadridge’s investor communications, securities processing and operations outsourcing solutions help clients reduce their capital investments in operations infrastructure, allowing them to increase their focus on core business activities. With 50 years of experience, Broadridge’s infrastructure underpins proxy voting services for over 90% of public companies and mutual funds in North America, and processes more than $4.5 trillion in fixed income and equity trades per day. Broadridge employs approximately 6,200 full-time associates in 13 countries.

For more information about Broadridge, please visit www.broadridge.com.


Press Releases

Hedge Fund Study Reveals Increasing Trend Toward Outsourcing

External pressures force fund managers to upgrade their technology and infrastructure

NEW YORK, October 31, 2006 – Paladyne Systems, a leading provider of alternative investment solutions, today released a paper investigating the growing trend toward outsourcing within the hedge fund industry and identifies a number of external pressures that have increased the need for hedge fund management firms to significantly upgrade their middle- and back-office infrastructure in order to remain competitive.

“The huge growth in the number of hedge funds has created an intense competitive environment which has pushed managers to invest in non-traditional products and markets in an effort to maximize performance,” said Sameer Shalaby, CEO of Paladyne Systems. “The resulting operational challenges coupled with increased pressure from regulators and institutional investors have created the need for world-class infrastructure and tight operational control, which in most cases is only feasible as an outsourced solution.”

Many hedge fund managers have responded by investing in outsourced technology and middle- and back-office services. Significant growth amongst the largest service providers, in particular hedge fund administrators, can be largely attributed to the increased demand for infrastructure and daily middle- and back-office services. Fund managers interested in attracting institutional and fund of hedge funds investors are faced with the decision to either build technology infrastructure or utilize an ASP or BPO solution capable of supporting complex investment strategies.

“Such investment strategies typically include over-the-counter products and emerging markets, both of which require comprehensive operational infrastructure and IT support,” said Scott Alderson, President of Paladyne Systems. “At the same time, infrastructure costs have skyrocketed in recent years creating a cost barrier for most hedge funds. Hedge fund managers have responded by trading their privacy concerns for more cost-effective outsourcing solutions.”

The paper concludes that this outsourcing trend is at its infancy and will continue over the next several years. As competition amongst hedge funds heats up, more managers will look to outsource and focus instead on their core competency of managing money. Fund administrators and prime brokers will continue to compete for outsourcing business resulting in more acquisition activity amongst fund administrators. Hedge fund mangers will benefit from improved service, streamlined technology offerings and more downward pressure on service fees. Ultimately, the hedge fund investor will benefit by selecting amongst hedge fund managers with improved infrastructure and more efficient operational processes, leading to a reduction in operational risk and improved investor reporting.

About Broadridge

Broadridge Financial Solutions, Inc. (NYSE:BR) is the leading provider of investor communications and technology-driven solutions for broker-dealers, banks, mutual funds and corporate issuers globally. Broadridge’s investor communications, securities processing and operations outsourcing solutions help clients reduce their capital investments in operations infrastructure, allowing them to increase their focus on core business activities. With 50 years of experience, Broadridge’s infrastructure underpins proxy voting services for over 90% of public companies and mutual funds in North America, and processes more than $4.5 trillion in fixed income and equity trades per day. Broadridge employs approximately 6,200 full-time associates in 13 countries.

For more information about Broadridge, please visit www.broadridge.com.


Press Releases

NYFIX Announces Strategic Partnership with Paladyne Systems to Provide FIX Connectivity to Hedge Funds

NEW YORK, October 4, 2006 – NYFIX Inc. (Pink Sheets: NYFX) today announced an agreement with Paladyne Systems, LLC., a leading provider of integrated and hosted front-to- back-office technology suite to the hedge fund industry, to provide FIX connectivity under its “Powered by NYFIX™” hosted solutions platform.

As a result of the agreement, Paladyne will extend its offering by providing its ASP clients with access to FIX connectivity for electronic trading and order routing over the NYFIX Network, one of the industry’s largest FIX networks with over 450 trading counterparties. In addition, as part of the agreement, Paladyne clients will also have fully integrated access to NYFIX Millennium®, a leading provider of dark pool liquidity, and NEXAS™, a suite of algorithmic trading solutions offered by NYFIX Transaction Services.

Paladyne clients will also be able to take advantage of NYFIX Natural™, which buy-side firms use to communicate Indications of Interest (IOIs) to each other. Additionally, Paladyne’s clients will have access to Millennium advertised trades, as well as integrated broker natural IOIs, via the NYFIX IOI package.

“The “Powered by NYFIX” offering enables users to seamlessly integrate the NYFIX Network with their proprietary technology,” said Barry Smith, Senior Vice President for Business Development at NYFIX. “By leveraging Paladyne’s hosted ASP solution, we expect to reach a large number of hedge funds that want a turn-key electronic trading and order routing solution.”

“When we considered all the capabilities NYFIX could offer our clients, they were a logical choice as a technology and connectivity partner,” said Sameer Shalaby, Chief Executive Officer for Paladyne. “By integrating NYFIX into the PALADYNE™ suite, we now extend our front-to-back-office solution to include comprehensive order routing and execution capabilities.”

About NYFIX, Inc.

NYFIX, Inc. is an established provider to the domestic and international financial markets of trading workstations, trade automation and communication technologies, and through its registered broker-dealer subsidiaries, execution services. Our NYFIX Network is one of the industry’s largest FIX networks, connecting broker-dealers, institutions and exchanges. We maintain our principal office on Wall Street in New York City, with other offices in Stamford, CT, London’s Financial District and San Francisco. We operate redundant data centers in the metropolitan New York City area, with additional data center hubs in London, Amsterdam, Hong Kong and Tokyo. For more information, please visit www.nyfix.com.

About Broadridge

Broadridge Financial Solutions, Inc. (NYSE:BR) is the leading provider of investor communications and technology-driven solutions for broker-dealers, banks, mutual funds and corporate issuers globally. Broadridge’s investor communications, securities processing and operations outsourcing solutions help clients reduce their capital investments in operations infrastructure, allowing them to increase their focus on core business activities. With 50 years of experience, Broadridge’s infrastructure underpins proxy voting services for over 90% of public companies and mutual funds in North America, and processes more than $4.5 trillion in fixed income and equity trades per day. Broadridge employs approximately 6,200 full-time associates in 13 countries.

For more information about Broadridge, please visit www.broadridge.com.


Press Releases

Advent Partnership with Paladyne Creates Expanded Market Opportunities for Geneva®

Paladyne Implements Five New Firms on Geneva® via its Hosted ASP Platform

SAN FRANCISCO and NEW YORK, NY – August 23, 2006 – Advent Software, Inc. (NASDAQ:ADVS), the leading provider of software and services to the investment management industry, and Paladyne Systems, a leading provider of alternative investment solutions, today announced the continued success of their strategic alliance to offer Advent’s Geneva® software as part of Paladyne’s hosted application service provider (ASP) environment to hedge funds, fund administrators, and prime brokers. Since announcing the relationship in November of 2005, Advent and Paladyne have fully integrated Geneva® with the rest of the Palaydne’s ASP offering and Paladyne is now servicing five new firms on Geneva® in a fully-hosted ASP model.

Geneva®’s innovative and powerful “main memory” database system with flexible real-time reporting, automated error-correction, and complete general ledger and financial reporting is capable of servicing hedge funds of any size and complexity. Offering Geneva® through Paladyne’s hosted ASP environment expands the market opportunity for Geneva® to firms who prefer to outsource their technology infrastructure, and to small- and medium-sized hedge funds that require a lower cost option or are transitioning from single to multi-prime broker relationships.

“As a result of our successful partnership with Paladyne, Advent has seen increased interest in Geneva® across a wider potential user base where the total cost of Geneva® ownership would have been too high,” said Robert O’Boyle, Vice President of Product Management for Global Accounts at Advent. “With Paladyne’s ASP model, we can now offer Geneva® with a full range of installation and support options. Paladyne is a strong strategic partner and we look forward to expanding our client base through this

relationship.”

The Paladyne offering not only includes a Geneva® ASP solution, but also provides an integrated global security master, data warehouse and custom reporting toolset, and CRM application, all of which are available in the ASP environment or may be implemented as individual modules on-site for larger hedge funds or fund administrators.

“By integrating Geneva® with our existing software product suite, Paladyne has created a unique front- to back-office ASP offering, as well as a valuable toolset for hedge funds and service providers,” said Sameer Shalaby, CEO of Paladyne Systems. “Since entering into our relationship with Advent, we have grown both our ASP and direct install client bases, and many of our clients have significantly improved their operations by leveraging the power of our integrated Paladyne-Geneva® offering.”

Several hedge fund administrators are experiencing greater market acceptance by using Geneva® in Paladyne’s ASP environment to service existing customers and to grow their businesses. “The Paladyne model is truly revolutionary and has broad market appeal and acceptance as an all-round industry solution,” said Shankar Iyer, CEO of Viteos Capital Market Services. “In particular, the platform is well suited to hedge fund clients that require multi-prime brokers and comprehensive technology to handle a wide range of investment products, destinations, and emerging markets.”

“By leveraging Paladyne’s ASP environment and Geneva®’s best-in-class functionality, Dundee Leeds is successfully competing against the leading fund administrators,” said Robin Bedford, President of Dundee Leeds Management Services Ltd. “Today we offer our clients direct access to Paladyne’s front-office tools which provides valuable infrastructure to our clients, and effectively integrates the fund’s front office with our middle- and back-office operations.”

About Advent

Advent Software, Inc. (www.advent.com), a multi-national company, has been providing trusted solutions to the world’s leading financial professionals since 1983. Firms in more than 60 countries are using Advent technology to manage investments totaling more than US $12 trillion. Advent’s quality software, data and services enable financial professionals to improve service and communication to their clients, helping them grow their business while controlling costs. Advent is the only financial services company to be awarded the Support Center Practices certification for being a world-class support organization.

Advent and Geneva are registered trademarks of Advent Software, Inc. All other company names or marks mentioned herein are those of their respective owners.

About Broadridge

Broadridge Financial Solutions, Inc. (NYSE:BR) is the leading provider of investor communications and technology-driven solutions for broker-dealers, banks, mutual funds and corporate issuers globally. Broadridge’s investor communications, securities processing and operations outsourcing solutions help clients reduce their capital investments in operations infrastructure, allowing them to increase their focus on core business activities. With 50 years of experience, Broadridge’s infrastructure underpins proxy voting services for over 90% of public companies and mutual funds in North America, and processes more than $4.5 trillion in fixed income and equity trades per day. Broadridge employs approximately 6,200 full-time associates in 13 countries.

For more information about Broadridge, please visit www.broadridge.com.


Press Releases

Paladyne Systems Appoints Key Product Strategy and Client Service Executives

Industry software veterans from Jefferies & Co. and Cogency Software join Paladyne to further expand its market leadership and reinforce the management team

NEW YORK, NY, August 2, 2006 – Paladyne Systems, a leading provider of alternative investment solutions, today announced the appointment of veteran financial software product executives Jim Lenz, as Vice President of Product Strategy, and Ayman Sakr, Vice President of Client Services.

“We’re delighted to have Jim and Ayman as part of Paladyne’s management team,” said Sameer Shalaby, CEO of Paladyne Systems. “Their collective experience in creating and delivering financial software solutions will further establish Paladyne’s position as the leading provider of integrated hosted ASP solutions to the hedge fund industry. In addition, their experience working at both early-stage and mature companies will be instrumental in leading Paladyne through its next stages of growth and evolution.”

Mr. Lenz joins Paladyne to lead all aspects of product strategy and is responsible for further expanding the scope of Paladyne’s products and services within the hedge fund industry. Mr. Lenz has worked in the area of institutional trading for more than twenty years, and will be heavily involved in expanding the execution and electronic trading components of Paladyne’s front- to back-office hosted technology platform. Prior to joining Paladyne, Mr. Lenz was a vice president and Product Manager in the electronic trading group at Jefferies & Co. (NYSE: JEF). In this role, Mr. Lenz was primarily responsible for the integration of proprietary QES algorithms into all of the major order management and trading systems. Prior to Jefferies, Mr. Lenz was the Co-President/Co-COO of Reuters/Bridge Trading Company (LSEL RTR, NASDAQ: RTRSY), managing all aspects of the company’s operations. He has held senior positions in electronic equity and derivatives trading at Cantor Fitzgerald and The Interstate Group. Mr. Lenz is a member of the International Association of Financial Engineers and holds NASD series 4, 7, 9, 10, 24, and 63 licenses.

Mr. Sakr joins Paladyne to manage all client services activities, and is responsible for expanding Paladyne’s services organization to meet the demands of its rapidly growing customer base. With more than 14 years of experience in building and delivering market-driven solutions to customers, Mr. Sakr is well qualified to build a scaleable, knowledgeable, and streamlined client service team. Prior to joining Paladyne, Mr. Sakr was Director of Client Services at Cogency Software, a venture-backed hedge fund solutions provider, where he was an early founder, and was responsible for designing, building, and delivering software solutions to hedge funds. Mr. Sakr has also held various technical and support management positions at TenFold Corporation (OTC BB: TENF.OB), a provider of vertical industry applications and development tools. Mr. Sakr held senior technology management positions at Ultimate Technologies, a software solutions provider in Canada, and Sakhr Software, a leading Arabic Solutions provider in the Middle East. Mr. Sakr holds a B.S. in electrical engineering from Cairo University, Cairo, Egypt.

About Broadridge

Broadridge Financial Solutions, Inc. (NYSE:BR) is the leading provider of investor communications and technology-driven solutions for broker-dealers, banks, mutual funds and corporate issuers globally. Broadridge’s investor communications, securities processing and operations outsourcing solutions help clients reduce their capital investments in operations infrastructure, allowing them to increase their focus on core business activities. With 50 years of experience, Broadridge’s infrastructure underpins proxy voting services for over 90% of public companies and mutual funds in North America, and processes more than $4.5 trillion in fixed income and equity trades per day. Broadridge employs approximately 6,200 full-time associates in 13 countries.

For more information about Broadridge, please visit www.broadridge.com.


Press Releases

REUTERS AND PALADYNE SYSTEMS ANNOUNCE STRATEGIC ALLIANCE TO OFFER SEAMLESS FRONT TO BACK OFFICE MARKET DATA SOLUTION

NEW YORK, NY, June 21, 2006 – Reuters (LSEL RTR, Nasdaq: RTRSY) and Paladyne Systems, LLC, a leading solutions provider for the hedge fund industry, today announced a strategic alliance which combines the Reuters DataScope market data solution with Paladyne’s front- to- back office hedge fund product suite. This joint product offering creates a unique combination of world-class technology infrastructure with comprehensive front- to- back office market data.

Reuters has been targeting its market data solutions to hedge funds and their service providers, including prime brokers and fund administrators. By offering its market data within the PALADYNE™ product suite, Reuters has secured a strategic distribution channel into the hedge fund industry. This relationship provides Reuters with a market data delivery channel that may be custom tailored and priced according to the exact needs of any hedge fund, regardless of size and complexity.

The PALADYNE product suite includes order management, real-time profits and losses and portfolio management, custom reporting, data warehousing and analytics, and client relationship management. By adding Reuters DataScope – including real-time pricing, terms and conditions, and analytical data – into its service offering, Paladyne’s solution meets the demanding, real-time operational and decision-support requirements of today’s most comprehensive hedge funds.

Caroline O’Shaughnessy, Global Head of Third Party Alliances, Enterprise Information, Reuters, said: “We are delighted to be integrated with Paladyne’s premier front-to-back office product suite. This strategic alliance further enhances our Reuters DataScope Real-time Pricing and Reference Data offering targeted to the hedge fund community.”

Sameer Shalaby, Chief Executive Officer, Paladyne Systems, said: “The partnership with Reuters adds significant value to our customers and brings us closer to providing a complete ASP infrastructure to the hedge fund industry. By distributing Reuters data as part of our hosted platform, Paladyne clients have immediate access to market data at a lower cost than competitive data providers.”

The PALADYNE suite is available either as a fully hosted solution or as an on-site local installation.

About Reuters

Reuters (www.reuters.com), the global information company, provides indispensable information tailored for professionals in the financial services, media and corporate markets. Its trusted information drives decision making across the globe based on a reputation for speed, accuracy and independence. Reuters has 15,300 staff in 89 countries, including staff from the acquisition of Telerate in June 2005. It also includes 2,300 editorial staff in 189 bureaux serving 128 countries, making Reuters the world’s largest international multimedia news agency. In 2005, Reuters revenues were ?2.4 billion.

About Broadridge

Broadridge Financial Solutions, Inc. (NYSE:BR) is the leading provider of investor communications and technology-driven solutions for broker-dealers, banks, mutual funds and corporate issuers globally. Broadridge’s investor communications, securities processing and operations outsourcing solutions help clients reduce their capital investments in operations infrastructure, allowing them to increase their focus on core business activities. With 50 years of experience, Broadridge’s infrastructure underpins proxy voting services for over 90% of public companies and mutual funds in North America, and processes more than $4.5 trillion in fixed income and equity trades per day. Broadridge employs approximately 6,200 full-time associates in 13 countries.

For more information about Broadridge, please visit www.broadridge.com.


Press Releases

Credit Suisse and Paladyne Systems Team to Offer Multi-Prime Front-To-Back Office Solution to the Hedge Fund Industry

NEW YORK, NY, June 7, 2006 – Paladyne Systems, a leading provider of alternative investment solutions, today announced a strategic alliance with Credit Suisse to deliver a fully hosted front-to -back office solution capable of supporting hedge funds that require multiple prime brokers.

Credit Suisse and Paladyne will offer hedge funds an integrated, multi-prime solution enabling managers to operate and grow their businesses based on evolving needs without the constraint of a “single-prime” technology platform that restricts funds to one prime broker.

By leveraging the Paladyne suite, hedge funds of all strategies and sizes will be able to more easily expand their relationships beyond any one prime broker or launch a business in less time and at reduced cost.

“Our strategy is to meet both the current and emerging needs of the hedge fund industry,” said Philip Vasan, Managing Director and Head of Prime Services at Credit Suisse. “Paladyne’s fully-hosted technology solution will enable Credit Suisse to provide our clients the first “out of the box” technology platform that integrates front, middle and back office capabilities.”

“This unique offering solves a number of business issues facing today’s hedge funds,” said Sameer Shalaby, Chief Executive Officer of Paladyne Systems. “Many hedge funds perceive they are locked into a single prime broker relationship due to technology. The Credit Suisse-Paladyne solution frees them to be truly independent of any one prime broker. And importantly they will be able to utilize a best of breed technology solution at minimal cost and risk.”

The partnership allows Credit Suisse clients to access both the Paladyne technology platform and existing Credit Suisse infrastructure. In addition, the Paladyne alliance positions Credit Suisse to respond to the growing demand for outsourced middle and back office services to hedge funds.

Paladyne and Credit Suisse are currently integrating Paladyne’s multi-asset order routing tools to direct orders to any client-specific counterparty or to Credit Suisse’s existing trading and execution platforms.

Paladyne is presently servicing clients on its hosted technology platform and expects to incorporate its offering with Credit Suisse Prime Services later this year.

The PALADYNE suite includes the following capabilities:

  • Paladyne Portfolio Master™ — provides order management and allocation, portfolio management, real-time P&L, and strategy-based performance tracking.
  • Paladyne Analytics Master ™ — provides portfolio analytics, data aggregation, and custom reporting tools.
  • Paladyne Security Master™ — provides a centralized terms and conditions repository and distribution engine with real-time updates and corporate action alerts.
  • Paladyne Price Master™ — provides automated collection, storage, and analysis of prices and market data from any third-party sources.
  • Paladyne Client Master™ — provides complete client relationship management including website integration and reporting.
  • Advent Geneva® — provides complete portfolio accounting solution including general ledger reporting, performance measurement, and portfolio reporting.

About CREDIT SUISSE

As one of the world’s leading banks, Credit Suisse provides its clients with investment banking, private banking and asset management services worldwide. Credit Suisse offers advisory services, comprehensive solutions and innovative products to companies, institutional clients and high-net-worth private clients globally, as well as retail clients in Switzerland. Credit Suisse is active in over 50 countries and employs approximately 40,000 people. Credit Suisse’s parent company, Credit Suisse Group, is a leading global financial services company headquartered in Zurich. Credit Suisse Group’s registered shares (CSGN) are listed in Switzerland and, in the form of American Depositary Shares (CSR), in New York. Further information about Credit Suisse can be found at www.credit-suisse.com.

About Broadridge

Broadridge Financial Solutions, Inc. (NYSE:BR) is the leading provider of investor communications and technology-driven solutions for broker-dealers, banks, mutual funds and corporate issuers globally. Broadridge’s investor communications, securities processing and operations outsourcing solutions help clients reduce their capital investments in operations infrastructure, allowing them to increase their focus on core business activities. With 50 years of experience, Broadridge’s infrastructure underpins proxy voting services for over 90% of public companies and mutual funds in North America, and processes more than $4.5 trillion in fixed income and equity trades per day. Broadridge employs approximately 6,200 full-time associates in 13 countries.

For more information about Broadridge, please visit www.broadridge.com.


Press Releases

Caledonian Continues Its Aggressive Move Into Fund Administration By Teaming With Paladyne Systems

NEW YORK, NY, May 18, 2006 – Paladyne Systems, LLC today announced that it has licensed its PALADYNE™ product suite to Caledonian Fund Services, a global provider of fund administration services. Caledonian will use the front- and middle-office tools within the PALADYNE suite in combination with their existing portfolio accounting system, Advent Geneva® to streamline operations and to significantly expand their technology and client service offering.

Caledonian will implement PALADYNE ASP, a fully-hosted application service provider solution, and will access the platform remotely from each of its global office locations. By leveraging PALADYNE ASP, Caledonian may expand their service offering by providing direct client access to the PALADYNE product suite including order management, real-time PNL and portfolio management, custom reporting, data warehousing and analytics, and client relationship management. PALADYNE ASP solution is a fully hosted, all inclusive offering including software, hardware, database maintenance, and IT and disaster recovery services.

“It was clear to us that the combination of Paladyne’s products and Advent Geneva provides us with a leading technology platform in the fund administration industry,” said Ali Mudeen, Director of Caledonian Fund Services. “The tight integration of PALADYNE and Geneva allows us to scale our business significantly with our existing staff levels while improving the overall timeliness and scope of our services offering.”

Caledonian began their aggressive focus on fund administration services by acquiring Advent Geneva as their global portfolio accounting platform. As a follow-up, Caledonian expanded its U.S. operations earlier this year by launching Caledonian Fund Services (USA) LLC, a provider of onshore fund administration and tax consulting services to hedge funds and fund of funds.

With its latest acquisition of the PALADYNE product suite, Caledonian has created a world-class front- to back-office technology infrastructure capable of servicing hedge funds of any size or complexity from start-ups to multi-strategy global institutions. The integration of PALADYNE with Advent Geneva will allow Caledonian to streamline operations, improve the timeliness and accuracy of information, and expand the overall scope of services available to their clients.

“We are very excited to partner with an aggressive, technology savvy fund administrator like Caledonian,” said Sameer Shalaby, Chief Executive Officer of Paladyne Systems. “With a fully integrated front- to back-office platform which may be offered directly to their customers, Caledonian is well positioned to become a leading technology-driven fund administrator.”

The PALADYNE suite includes the following modules:

  • Paladyne Portfolio Master™ — provides order management and allocation, portfolio management, real-time P&L, and strategy-based performance tracking.
  • Paladyne Analytics Master ™ — provides portfolio analytics, data aggregation, and custom reporting tools.
  • Paladyne Security Master™ — provides a centralized terms and conditions repository and distribution engine with real-time updates and corporate action alerts.
  • Paladyne Price Master™ — provides automated collection, storage, and analysis of prices and market data from any third-party sources.
  • Paladyne Client Master™ — provides complete client relationship management including website integration and reporting.

The PALADYNE suite is available either as a fully hosted ASP solution or as a local installation.

About CALEDONIAN FUND SERVICES

Caledonian Fund Services Ltd. (www.caledonian.com) offers fund accounting, registrar and transfer agency, corporate secretarial, web-based reporting, anti-money laundering compliance and fund of fund custody services to offshore funds from its offices in the Cayman Islands and the Isle of Man. Caledonian Fund Services (USA) LLC provides US onshore fund administration and tax consulting from its Chicago office location, while Caledonian Bank & Trust Limited provides banking facilities from its head office in the Cayman Islands. The Caledonian Group has a staff of over 135 and is headquartered in the Cayman Islands. With over 35 years of experience in the financial industry and with offices in the Cayman Islands, Isle of Man, Chicago, New York and BVI, the Caledonian Group’s expansive jurisdictional reach enables efficient handling of European, Asian and North American clients.

About Broadridge

Broadridge Financial Solutions, Inc. (NYSE:BR) is the leading provider of investor communications and technology-driven solutions for broker-dealers, banks, mutual funds and corporate issuers globally. Broadridge’s investor communications, securities processing and operations outsourcing solutions help clients reduce their capital investments in operations infrastructure, allowing them to increase their focus on core business activities. With 50 years of experience, Broadridge’s infrastructure underpins proxy voting services for over 90% of public companies and mutual funds in North America, and processes more than $4.5 trillion in fixed income and equity trades per day. Broadridge employs approximately 6,200 full-time associates in 13 countries.

For more information about Broadridge, please visit www.broadridge.com.