SOURCE: Paladyne


December 02, 2009 08:00 ET

Paladyne Expands Technology Offering With Acquisition of Oakwood Financial

Paladyne Launches Credit Master®, a Comprehensive Bank Loan Management Solution

NEW YORK, NY and LONDON and HONG KONG--(Marketwire - December 2, 2009) - Paladyne Systems, Inc., a leading solutions provider to the global hedge fund industry, today announced it has acquired Oakwood Financial Technologies, LLC ("Oakwood"), a software company providing loan management, administration, and trading solutions for participants in the loan origination and syndicated loan markets. This deal expands the Paladyne technology platform with the introduction of Paladyne Credit Master®, a global bank loan technology and services offering.

"In response to the growing demand for technology solutions in the loan marketplace, Paladyne has released a complete front-to-back office solution for trading and administering complex bank loan and structured deal portfolios," says Sameer Shalaby, CEO of Paladyne Systems. "Paladyne Credit Master® brings innovative and flexible technology to a manually-intensive loan market which will significantly reduce cost and operational risk for firms trading and supporting this asset class."

Paladyne Credit Master®, which is based on Oakwood's technology, provides complete trading and operational support for bank loan processing including front-office portfolio analytics, trade capture and global transaction entry, settlement and closing, multi-currency accounting and P&L reporting, cash management, compliance and document warehousing. Paladyne Credit Master® may operate as a stand-alone application or in combination with the Paladyne product suite for a complete multi-asset class solution. For firms using an accounting system, Paladyne Credit Master® has been tightly integrated into both Advent's Geneva® and SunGard's VPM™ including complete facility and credit contract data, global transactions, pricing, and detailed daily accounting entries.

Oakwood was founded in 2007 by hedge fund technology veteran, John Rizzo, who has spent 12 years developing loan management and trading solutions for hedge funds, most recently as the CTO of DB Zwirn. The Oakwood solution was built using industry standard technology and an open and accessible architecture for easy data extraction, integration, and flexible reporting. Paladyne Credit Master® may be deployed as a local installation or accessed remotely as part of Paladyne hosted technology platform.

"As bank debt continues to gain momentum as an investment strategy, fund managers require more technology solutions to effectively monitor their portfolios and control operating costs," said John Rizzo, CEO of Oakwood Financial Technologies. "The combination of Paladyne Credit Master® with the other Paladyne products provides customers with a highly efficient and cost-effective solution for managing the entire lifecycle of bank loan trading as well as all other asset classes."

The Oakwood team is now located in Paladyne's New York City office, and John Rizzo has been appointed as Vice President of Loan Products and Services. Terms of the deal were not disclosed.

About Paladyne Systems, Inc.

Paladyne Systems, Inc. (, 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 loan processing and administration to fully support loan trading, analysis, reporting, and management.

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.

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