Paladyne and SunGard Announce Strategic Partnership to Provide Fully-Hosted Solution for Hedge Fund Back-Office Accounting Paladyne's Product Suite Integrates with SunGard's Visual Portfolio Manager New York, NY – February 5th, 2008 – SunGard (http://www.sungard.com), a leading provider of software and processing solutions to the financial services industry, and Paladyne Systems, a leading provider of outsourced alternative investment solutions, today announced a strategic partnership to offer SunGard’s Visual Portfolio Manager (VPM) software as part of Paladyne’s integrated front- to back-office hosted solution. SunGard and Paladyne will deliver VPM as an application service provider (ASP) solution primarily to start-ups and small-to-medium-sized hedge funds - although hedge funds of any size or complexity will be able to license the VPM ASP solution.

SunGard’s VPM solution is currently used by more than 45 hedge funds as a complete portfolio management, general ledger and investor reporting solution. By offering VPM as part of Paladyne’s full service ASP platform, the two companies will offer a solution for hedge funds that may require comprehensive infrastructure - especially to those funds that are leveraging a single prime broker’s technology and are considering adding a second prime broker. Customers will be able to access the full functionality of VPM in combination with Paladyne’s front-to-back-office product suite and take advantage of full service IT, disaster recovery and data vendor services.

The Paladyne/SunGard relationship will also benefit larger sized hedge funds and service providers who have some existing infrastructure but are looking for tools to help centralize processing and streamline operations. Paladyne’s order management system, global security master, pricing and valuation toolset, data warehouse and custom reporting tools are all fully integrated with VPM and help solve many of the operational challenges facing today’s hedge funds. All of the Paladyne products are included as part of the integrated ASP environment or may be licensed individually and installed directly at a customer site.

“This partnership with SunGard advances our strategy to provide hedge fund managers and fund administrators with a robust front-to-back office solution," said Sameer Shalaby, chief executive officer of Paladyne Systems. “The tight integration of our products and hosting services with VPM provides a world class infrastructure that is ideal for hedge fund managers and fund administrators seeking to improve and centralize their existing infrastructure.”

Emanuel Mond, president of SunGard’s alternative investment business, commented: “In the current environment, where hedge funds want the functionality of a robust accounting platform, yet do not have the infrastructure to support an in-house system, an ASP model is very appealing. SunGard’s VPM is a leading solution for larger hedge funds, and together with Paladyne we now have a more comprehensive offering and scalable delivery model for small-to-medium sized funds.”

About Paladyne Systems
Paladyne Systems, (www.paladynesys.com) a leading solutions provider for the hedge fund industry, develops and distributes integrated front- to-back-office technology either in a fully hosted ASP model or as individual models available for direct installations at the client site.  The PALADYNE™ product suite is an integrated set of applications designed to streamline hedge fund operations by providing business efficiency and cost savings throughout the organization. Paladyne was formed through an acquisition of its technology platform from a large U.S.-based multi-strategy hedge fund.

About Visual Portfolio Manager (VPM)
Visual Portfolio Manager (VPM) is designed specifically for hedge fund managers and offers a comprehensive, multi-currency, integrated and customizable investment management solution.  In addition to managing virtually any asset type, VPM provides easy-to-use navigation and the ability to integrate with a variety of systems, as well as external data and information vendors.  VPM also can be configured to meet the specific needs of individual business models and complex trading styles.

About SunGard
With annual revenues exceeding $4 billion, SunGard is a global leader in software and processing solutions for financial services, higher education and the public sector.  SunGard also helps information-dependent enterprises of all types to ensure the continuity of their business. SunGard serves more than 25,000 customers in more than 50 countries, including the world’s 50 largest financial services companies.  Visit SunGard at www.sungard.com.

CONTACT:

SunGard
Toby West, PR & Communications Manager
SunGard Financial Systems
+44 0208 081 2000
toby.west@sungard.com

Paladyne Systems, Inc.
Scott Alderson, US Sales
(212) 616-4306
salderson@paladynesys.com

David Simmonds , Europe Sales
+44 (0) 20 7153 4958
dsimmonds@paladynesys.com

Lisa Jane O'Neil, Media
212-786-7629 or 917-361-8303
lisajane@ljoassociates.com

Trademark Information: SunGard, the SunGard logo and VPM are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.