Cyrus Capital Partners Goes Live With Paladyne Credit Master(R)

NEW YORK, NY and LONDON and HONG KONG--(Marketwire - December 16, 2009) - Paladyne Systems, a leading solutions provider to the global hedge fund industry, today announced that Cyrus Capital Partners, L.P., a New York-based alternative investment management firm, has successfully implemented Paladyne Credit Master®, an integrated bank loan trading and loan administration platform. Paladyne Credit Master® is a comprehensive solution for managing the entire lifecycle of bank debt trading and operations and is available either as a fully hosted, Application Service Provider ("ASP") solution or as a local installation.

"Our decision to implement Paladyne Credit Master® was based on the system's ability to support our entire bank debt portfolio and its pre-existing integration with our portfolio accounting system, SunGard VPM™," said David Milich, Partner and Chief Operating Officer at Cyrus Capital. "In addition, we were able to leverage Paladyne's hosted platform, which significantly reduced our implementation timeframe and cost."

Paladyne Credit Master® supports the front- and back-office needs of firms trading bank debt including portfolio analysis, trade capture and allocation, settlement and closing, pricing and P&L, compliance and portfolio reporting. Paladyne Credit Master® is integrated with Paladyne's suite of product for a complete multi-asset class solution as well as with both SunGard VPM™ and Advent's Geneva®, including facility and contract details, transactions, daily accruals, pricing, and detailed accounting entries.

"We see increasing demand for trading bank debt and we are excited to bring Cyrus Capital on board as a successful new client," said Sameer Shalaby, CEO of Paladyne Systems. "Our ability to satisfy Cyrus Capital's demanding requirements is a testament of the power and flexibility of Paladyne Credit Master®."

About Paladyne Systems, Inc.

Paladyne Systems, Inc. (www.paladyne.com), a leading provider of technology and services to the global hedge fund industry, develops and distributes products 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: trading and order management, portfolio management, portfolio accounting, global security master, data warehousing and custom reporting, pricing and valuation, and automated reconciliation. 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 electronic trading, order management and allocation, portfolio management, real-time P&L, pre- / post trade compliance, modeling and NAV reporting.

Paladyne Credit Master® -- provides full support for loan trading, analysis, administration, and reporting.

Paladyne Analytics Master® -- provides portfolio analysis, data aggregation, custom reporting, and automated reconciliation 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.

Contact Information: CONTACTS: Scott Alderson Paladyne US Sales +1-646-214-3706 salderson@paladyne.com Jonathan Cross Paladyne European Sales +44 (0) 20 7153 4958 jcross@paladyne.com Eric Royer Paladyne Asian Sales +852 3180 9237 eroyer@paladyne.com Media Lisa Jane O'Neil + 1-212-786-7629 or 917-361-8303 lisajane@ljoassociates.com