Paladyne to enrich its product suite with Standard & Poor’s Issue and Issuer Credit Ratings
NEW YORK, NY – July 24, 2007 – Standard & Poor’s, a leading provider of financial market intelligence, announced it will make its industry-leading credit ratings available through Paladyne Systems’ technology platform for the hedge fund industry, underscoring the growing industry demand for credit ratings information.
Paladyne Systems, a leading solutions provider for the hedge fund industry, will enrich its front-to-back office product suite with Standard & Poor’s Issue and Issuer Credit Ratings. By offering Standard & Poor’s credit ratings data, Paladyne Systems will be able to service the hedge fund sector with insightful real-time market updates.
“Our agreement with Paladyne Systems to provide credit ratings through their technology suite will enable hedge fund managers and other investors to have key credit data immediately available to support their investment decisions,” said Caroline Cassar, Global Director of Product Management for Standard & Poor’s. “Paladyne clients can thus provide more information to investors and market participants by having access to S&P’s extensive credit ratings as part of Paladyne’s front-to-back office workflow.
The PALADYNE™ product suite includes order management, real-time profits and losses and portfolio management, portfolio accounting, custom reporting, data warehousing and analytics, and reference data management. By offering S&P’s Issue and Issuer Credit Ratings within its hosted product suite, Paladyne can further enhance its support to the industry with seamless and real-time access to data in order to meet the demanding operational and decision-support requirements of today’s hedge funds.
“Paladyne is excited to be able to offer Standard & Poor’s ratings, which helps make our hosted suite a comprehensive one-stop solution for the hedge fund industry,” said Sameer Shalaby, Chief Executive Officer of Paladyne Systems. “By teaming with S&P, we are able to continually expand the overall functionality of our turnkey platform and provide our hedge fund clients with comprehensive credit market data."
The PALADYNE suite is available either as a fully hosted solution or as an on-site local installation.
About Standard & Poor’s
Standard & Poor’s, a division of The McGraw-Hill Companies (NYSE:MHP), is a leading provider of financial market intelligence, including independent credit ratings, indices, risk evaluation, investment research and data. With approximately 8,500 employees, including wholly owned affiliates, located in 21 countries, Standard & Poor’s is an essential part of the world’s financial infrastructure and has played a leading role for more than 140 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. For more information, visit http://www.standardandpoors.com.
About Paladyne Systems
Paladyne Systems, Inc. (www.paladyne.com), a leading global 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 known 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, general ledger, global security master, pricing and valuation, data warehousing, and custom reporting. Paladyne was founded in 2005 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.
- Advent Geneva® – provides complete portfolio accounting solution including general ledger reporting, performance measurement, and portfolio reporting as part of Paladyne’s hosted solution.
CONTACT:
Media Contacts
Scott Alderson, Paladyne US Sales
(212) 616-4306
salderson@paladynesys.com
David Simmonds, Paladyne European Sales
+44 (0) 20 7153 4958
dsimmonds@paladynesys.com
Lisa Jane O'Neil, Paladyne Media
212-786-7629 or 917-361-8303
lisajane@ljoassociates.com
Standard & Poor's
Christopher Capot, KNB Communications
(212) 505-2441
ccapot@knbpr.com