Paladyne Systems Opens Client Services Operations Center in Fort Lee, NJ, to Support Expanding Client BaseNEW YORK, NY  and FORT LEE, NJ– August 21, 2007 – Paladyne Systems, Inc., a leading provider of alternative investment solutions, today announced the establishment of a Client Services Operations Center in Fort Lee, New Jersey, to enhance and streamline the on-going support requirements of its expanding client base and to add capacity to the company’s New York City headquarters.

The 5,000 square foot space in Fort Lee’s Executive Park will hold approximately 50 professionals focused predominantly on client help desk, technical services, and operational support.  The opening of the services center is in response to an increase in the overall demand for the PALADYNE™ suite, an integrated front-, middle-, and back-office hedge fund solution available either as a local installation or as a full-service application service provider (“ASP”) offering. The PALADYNE suite is a modular set of software applications covering the areas of trading, portfolio management, data warehousing, custom reporting, reference data management, and portfolio accounting through Paladyne’s partnership with Advent Software to host and distribute Advent Geneva®.

“In response to the increased demand for our products and services, we built our Client Services Operations Center to ensure our ability to provide the highest quality support to our expanding client base,” said Sameer Shalaby, CEO of Paladyne Systems. “The proximity to New York and Connecticut coupled with direct access to the New Jersey resource pool, educational centers, and technology infrastructure make Fort Lee an ideal location for expanding our services offering.”

Paladyne, which was established in New York in 2005, now has offices in New York City, New Jersey, London, and Russia.
About Paladyne Systems
Paladyne Systems, Inc., (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, Inc.
Scott Alderson, USA Sales
(212) 616-4306
salderson@paladynesys.com

David Simmonds, European Sales
+44 (0) 20 7193 6604
dsimmonds@paladynesys.com

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