Paladyne Systems Hires Chief Financial Officer and General Counsel

NEW YORK, NY AND LONDON, UK– November 7, 2007 – Paladyne Systems, Inc., a leading provider of alternative investment solutions, today announced that it has appointed Steve G. Vogel as Chief Financial Officer and General Counsel overseeing finance and administration, legal matters, corporate and project finance, accounting, treasury and human resources. Mr. Vogel brings over 20 years of industry experience to Paladyne Systems working at start-up to mid-sized companies in the software and high tech industries both domestically and internationally including Canada, Europe, Japan, India, and Singapore.

“Steve’s industry expertise and leadership make him an invaluable and welcome addition to Paladyne’s executive team at this important time in the company’s life cycle,” said Sameer Shalaby, Chief Executive Officer of Paladyne Systems. “Steve’s extensive business, financial and legal experience has contributed significantly to the success of a number of companies in the enterprise software arena. We expect that his broad knowledge base will greatly enhance Paladyne’s leadership position in this fast-growing hedge fund marketplace.”

Prior to joining Paladyne, Mr. Vogel founded Sanguinity LLC, a consulting firm specializing in the restructuring of domestic public and private entities. Mr. Vogel has held CFO and General Counsel positions at Chordiant Software, Inc (NASDAQ: CHRD), Tessera, Inc. (TSRA), iLogistix, and Microbank Software, Inc. Mr. Vogel has an MBA from Wharton, an LLM from New York University, and a JD from Arizona State University. He is a member of the New York Bar and holds a CPA and a CMA. Mr. Vogel will operate out of Paladyne’s new Operations Center in Fort Lee, New Jersey.

“Paladyne is an impressive software company with an incredible vision and exceptional growth,” said Mr. Vogel. “I am excited to join such a strong team so focused on serving this demanding hedge fund marketplace.”

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.