NEW YORK and LONDON, January 30, 2008 – Reuters (LSEL RTR, Nasdaq: RTRSY) and Paladyne Systems, Inc., a leading solutions provider for the hedge fund industry, today announced the integration of Reuters DataScope Onsite with the PALADYNE™ suite of products. Reuters DataScope Onsite provides comprehensive pricing, factors, terms and conditions, corporate actions, cash flows, and analytical data on the universe of asset-backed securities including MBS, Agency Pools, Whole Loans, TBA Pools, and MBS derivative products such as CMO’s. This joint product offering is in response to an increased demand for comprehensive asset-backed data within the alternative investment industry.
Reuters has continued to actively market its product and data solutions to hedge funds and their service providers, and since announcing the relationship in mid 2006, Reuters and Paladyne are now servicing over forty new clients using the data as part of Paladyne’s fully-hosted ASP platform. This offering provides clients with access to data from both the Reuters DataScope Fixed Income bulk data feeds and the extensive fixed income detailed data from the Reuters DataScope Onsite product. Both Paladyne Security Master and Paladyne Price Master are fully integrated with Reuters DataScope bulk and Reuters DataScope Onsite feeds.
“We are very pleased to be working with Paladyne to further extend our reach into the hedge fund marketplace,” said Caroline O’Shaughnessy, Global Head of Indirect Channel, Enterprise, Reuters. “Paladyne has established itself as a leader in this industry and their ASP solution is ideally suited for delivering our bulk data feeds to large numbers of customers.”
“This relationship with Reuters has proven to be very successful over the past year,” said Sameer Shalaby, Chief Executive Officer, Paladyne Systems. “We continue to see consistent demand for comprehensive data within our product suite and the Reuters products have been received very well by both our clients and the industry.”
The PALADYNE suite is available either as a fully hosted solution or as an on-site local installation.
About About Reuters
Reuters (www.reuters.com), the global information company, provides indispensable information tailored for professionals in the financial services, media and corporate markets. Through reuters.com and other digital properties, Reuters now also supplies its trusted content direct to individuals. Reuters drives decision making across the globe based on a reputation for speed, accuracy and independence. Reuters has 17,500 staff in 94 countries, including 2,400 editorial staff in 196 bureaux serving 131 countries. In 2006, Reuters revenues were £2.6 billion.
About Paladyne Systems
Paladyne Systems, Inc. (www.paladynesys.com), a leading solutions provider for the hedge fund industry, develops and distributes technology designed to streamline hedge fund operations while providing business efficiency and cost savings throughout the organization. Paladyne offers a fully-hosted technology platform known as the PALADYNE™ suite which is capable of supporting the front- to back-office requirements of today’s most comprehensive hedge funds. The PALADYNE™ suite is an integrated set of applications including: order management, portfolio management, portfolio accounting, global security master, analytics toolset, comprehensive portfolio pricing, custom reporting, and customer relationship management. Paladyne was formed through an acquisition of its technology platform from a large US-based multi-strategy hedge fund.
CONTACT:
Media Contacts
Scott Alderson, Paladyne US Sales
(212) 616-4306
salderson@paladynesys.com
David Simmonds, Paladyne European Sales
+44 (0) 20 7153 4958
dsimmonds@paladynesys.com
Lisa Jane O'Neil, Paladyne Media
212-786-7629 or 917-361-8303
lisajane@ljoassociates.com