Virgo Investment Group Implements Paladyne Credit Master™ as its Loan Trading and Administration Platform

New York, London, and Hong Kong, July 13th, 2010 – Paladyne Systems, Inc., a leading provider of technology and services to the global hedge fund industry, today announced that Virgo Investment Group, L.P., a Palo Alto-based alternative investment management firm, with offices in New York and Melbourne, Australia, has successfully implemented Paladyne Credit Master™ to support the trading and administration of its bank loan portfolio.

Paladyne Credit Master™ is a comprehensive solution for managing the entire lifecycle of bank debt trading and operations, featuring portfolio analysis and trading tools, user-defined allocation rules, client-specific settlement and closing workflow designer, rules-based compliance, document management, pricing, and comprehensive portfolio reporting and accounting. Paladyne Credit Master™ is integrated with the Paladyne suite of products for a complete multi-asset class solution, as well as with both Advent’s Geneva® and SunGard’s VPM™. The solution is available either as a fully hosted, Application Service Provider (“ASP”) solution using Paladyne ASP™ or as a local installation.

“Paladyne Credit Master™ was the only solution that we found that could support the entire workflow of our specialty lending and bank debt portfolio,” said Jesse Watson, Managing Partner at Virgo Investment Group.

“We were able to implement Paladyne’s hosted platform, Paladyne ASP™, in a matter of weeks which significantly reduced our total cost of ownership,” said Bob Racusin, Virgo’s Head of Operations. “Virgo’s investment operations platform is focused on redundancy, procedural checks and balances, and scalability, and Paladyne Credit Master™ helps us to achieve these goals particularly for the middle-market specialty lending activities of our business.”

“Paladyne Credit Master’s breadth of functionality combined with its ASP deployment is proving to be an attractive alternative to many firms in the bank loan trading marketplace,” said Sameer Shalaby, CEO of Paladyne Systems. “Additionally with loan data becoming more commoditized, funds are now focusing on technology rather than data, as a means to enhance their operational processes around loan trading and administration.”

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.