By pcurley on March 1, 2011
New York, London, and Hong Kong, March 1, 2011 – Paladyne Systems, Inc., the leading provider of next generation investment management solutions, today announced that ZAN Partners Ltd, an independent investment management firm based in London, has successfully implemented Paladyne FastStart™ as its fully-hosted front- to back-office solution.
ZAN Partners elected to replace its existing in-house portfolio accounting and general ledger system with Paladyne FastStart™, a unique combination of order management and portfolio management functionality delivered as a fully hosted, ASP solution. Paladyne FastStart™ provides ZAN Partners with order management, pre-and post-trade compliance, real-time P&L and exposure monitoring, portfolio management, NAV reporting and automated 3rd-party reconciliation. Paladyne’s hosted platform, known as Paladyne ASP™, provides ZAN Partners with a fully managed IT service, 24×7 technical and product support, hardware, product upgrades and mirrored (“hot site”) disaster recovery.
“Once we decided to make the switch to Paladyne’s all-in-one solution we gave their services team a very aggressive migration timeline,” explained Zain Naqi, CEO of ZAN Partners. “We were really impressed by the speed and thoroughness of the entire Paladyne FastStart™ implementation, and look forward to a close partnership with Paladyne in the coming years.”
“We are thrilled that we were able to transition ZAN Partners to our platform in a very short period of time,” commented Sameer Shalaby, CEO of Paladyne. “ZAN Partners is yet another example of a firm making the decision to move away from heavier, less integrated in-house solutions, to Paladyne’s fully-hosted front-to-back solution, which has the ability to shadow all of a firm’s counterparties including the fund administrator.”
About Paladyne FastStart™
Paladyne FastStart™ is an easily deployable ASP-delivered solution that combines Paladyne’s front-to-back technology platform, with operational and IT support, and is designed to reduce cost and improve operational efficiency and control.
Media Contacts
Lisa Jane O’Neil
1-212-786-7629 or 917-361-8303
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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.
