Chilton Investment Company Selects Paladyne Security Master™ to Manage Firm-Wide Securities Reference Data NEW YORK, NY – May 9, 2007 – Paladyne Systems, LLC, a leading provider of alternative investment solutions, today announced it has licensed its Paladyne Security Master™ product to Chilton Investment Company, an investment advisor to several multi-billion dollar hedge funds. Paladyne Security Master is a centralized repository for global security terms and conditions including listed, non-listed, and OTC security types. Paladyne Security Master improves operational efficiencies by providing real-time corporate action and portfolio alerts (e.g., dividends, swap resets and payments, rate resets, and name changes), OTC setup wizards, and advanced search and reporting capabilities. Chilton has also licensed Paladyne’s development toolkit and third-party product adapters to integrate with its current trading, research, risk, and accounting systems in order to standardize security data firm-wide.

Paladyne Security Master is available either as an Application Service Provider (“ASP”) solution or as a local installation. In the ASP delivery model, Paladyne acts as a strategic distribution partner for a number of data vendors which enables Paladyne to streamline the delivery of market data at preferred pricing terms.

Paladyne Security Master has a multi-vendor data model and custom rules-based engine enabling clients to aggregate multiple security data sources (e.g., Bloomberg, Reuters, and IDC), into a single “golden copy” security database. Paladyne Security Master streamlines workflow by automatically receiving new security requests from trading and risk applications and posting the required security terms and conditions back to each downstream application using a synchronous, real-time posting infrastructure.

“Maintaining consistent data across a disparate set of applications is a significant challenge that is a manually intensive and error prone”, said Jerry Goersch, Chief Information Officer, Chilton Investment Company. “By leveraging Paladyne Security Master, we plan to automate the setup of new securities to ensure that our securities data is consistent across our front-, middle-, and back-office applications.”

“We are excited to have Chilton as part of our growing client base and look forward to helping Chilton continue its successful track-record with more streamlined operational processes,” said Sameer Shalaby, Chief Executive Officer of Paladyne Systems. “Over the past year, we have experienced an increased demand for our Paladyne Security Master product, signaling an industry focus on managing reference data in a consistent and formalized manner. Our security master product was developed to assist hedge funds in the setup, synchronization and maintenance of security reference data throughout the organization.”

Paladyne and Chilton are working together complete the implementation within the next two months.
About Paladyne Systems
Paladyne Systems LLC, (www.paladynesys.com) a leading solutions provider for the hedge fund industry, develops and distributes technology designed to streamline hedge fund operations while providing business efficiency and cost savings throughout the organization. Paladyne offers a fully-hosted technology platform know as the PALADYNE™ suite which is capable of supporting the front- to back-office requirements of today’s most comprehensive hedge funds. The PALADYNE™ suite is an integrated set of applications including:  order management, portfolio management, portfolio accounting, global security master, analytics toolset, comprehensive portfolio pricing, custom reporting, and customer relationship management. Paladyne was formed through an acquisition of its technology platform from a large US-based multi-strategy hedge fund.The PALADYNE suite includes the following modules:

• Paladyne Portfolio Master™ – provides order management and allocation, portfolio management, real-time P&L, and strategy-based performance tracking.
• 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 analysis of prices and market data from any third-party sources.
• Paladyne Client Master™ – provides complete client relationship management including website integration and reporting.
• Advent Geneva® – provides complete portfolio accounting solution including general ledger reporting, performance measurement, and portfolio reporting as part of Paladyne’s hosted solution.

CONTACT:

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

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

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