By pcurley on August 20, 2007
NEW YORK, NY and FORT LEE, NJ– August 21, 2007 – Paladyne Systems, Inc., a leading provider of alternative investment solutions, today announced the establishment of a Client Services Operations Center in Fort Lee, New Jersey, to enhance and streamline the on-going support requirements of its expanding client base and to add capacity to the company’s New York City headquarters.
The 5,000 square foot space in Fort Lee’s Executive Park will hold approximately 50 professionals focused predominantly on client help desk, technical services, and operational support. The opening of the services center is in response to an increase in the overall demand for the PALADYNE™ suite, an integrated front-, middle-, and back-office hedge fund solution available either as a local installation or as a full-service application service provider (“ASP”) offering. The PALADYNE suite is a modular set of software applications covering the areas of trading, portfolio management, data warehousing, custom reporting, reference data management, and portfolio accounting through Paladyne’s partnership with Advent Software to host and distribute Advent Geneva®.
“In response to the increased demand for our products and services, we built our Client Services Operations Center to ensure our ability to provide the highest quality support to our expanding client base,” said Sameer Shalaby, CEO of Paladyne Systems. “The proximity to New York and Connecticut coupled with direct access to the New Jersey resource pool, educational centers, and technology infrastructure make Fort Lee an ideal location for expanding our services offering.”
Paladyne, which was established in New York in 2005, now has offices in New York City, New Jersey, London, and Russia.
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.
