By pcurley on April 3, 2007
NEW YORK, NY – April 3, 2007 – Paladyne Systems, LLC today announced it has formed an alliance with Microsoft Corp. to service the hedge fund industry with the PALADYNE™ product line powered by the Microsoft software development platform. As a Microsoft Gold Certified Partner, Paladyne will have access to the latest technology offerings and related support services within Microsoft to further enhance its product offering to the hedge fund marketplace. Microsoft will benefit from Paladyne’s expertise in serving the capital markets space, to enhance and target their technology solutions more aggressively to the hedge fund marketplace.
The PALADYNE™ suite of products is an integrated front – to back-office hedge fund solution offered either as a local installation or as a full-service application service provider (“ASP”) offering. The PALADYNE suite supports the trading, operational, data warehousing, custom reporting, and reference data management requirements for hedge funds. Paladyne utilizes Microsoft’s technology in all areas of its product suite, including Microsoft .NET, Microsoft BizTalk Server 2005, Microsoft SQL Server 2005 and Microsoft Reporting Services.
“Managing the entire trade lifecycle – order management, portfolio accounting, analytics toolsets, comprehensive portfolio pricing, custom reporting and more – from a single, end-to-end vendor can be a competitive differentiator for hedge funds,” said Craig Saint-Amour, capital markets industry solutions director for Microsoft’s U.S. Financial Services Group. “Paladyne has caught the attention of Microsoft as one of the more comprehensive ASP offerings in the financial services industry and serves as an impressive case study on how hedge funds can leverage our technology platform in all aspects of their businesses.”
“The Microsoft platform provides us with significant competitive advantages over other software vendors, most notably in the areas of scalability, ease of use, reduced development costs and timelines, testing, and quality assurance,” said Sameer Shalaby, Chief Executive Officer of Paladyne Systems. “Our decision to work with Microsoft will further enhance Paladyne as the most comprehensive ASP solution available in the hedge fund marketplace.”
Paladyne and Microsoft are currently working together to distribute and service hedge fund clients.
Posted in Press Releases
About Paladyne Systems
Paladyne Systems, a Broadridge Company, is the leading provider of next generation investment management solutions. Paladyne offers its integrated front-, middle- and back-office platform, known as the Paladyne Suite™, to hedge funds, asset managers, fund administrators and prime brokers. The modular Paladyne Suite™ includes order management, portfolio management, reference data management, data warehouse reporting and reconciliation and is complemented by the Paladyne Network™, which comprises a select group of preferred strategic partnerships with leading software and market data firms. The solution can be delivered onsite or via Paladyne's industry-leading application service provider solution, Paladyne ASP™. Paladyne was established in 2005 and now serves over 180 clients worldwide. The firm has approximately 165 employees, and is headquartered in New York, with regional offices in New Jersey, London, Russia and Hong Kong.
The Paladyne® Suite includes the following modules:
- Paladyne Portfolio Master™ — provides electronic trading, order management and allocation, portfolio management, real-time P&L, and strategy-based performance tracking.
- Paladyne Credit Master™ — provides loan processing and administration to fully support loan trading, analysis, reporting, and management.
- 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 time series analysis of prices and market data from any third-party sources.
About Broadridge
Broadridge is a technology services company focused on global capital markets. Broadridge is the market leader enabling secure and accurate processing of information for communications and securities transactions among issuers, investors and financial intermediaries. Broadridge builds the infrastructure that underpins proxy services for over 90% of public companies and mutual funds in North America; processes more than $4 trillion in fixed income and equity trades per day; and saves companies billions annually through its technology solutions. For more information about Broadridge, please visit www.broadridge.com.
