SOURCE: Paladyne

Paladyne

November 19, 2009 08:00 ET

Paladyne Systems Expands Its Global Operations With Hong Kong Office

Paladyne Names New Director for Asia Pacific Region

NEW YORK, NY and HONG KONG and LONDON--(Marketwire - November 19, 2009) - Paladyne Systems, Inc., a leading provider of technology and services to the global hedge fund Industry, today announced its continued global expansion with the opening of a Hong Kong office in response to an increasing demand for its hedge fund technology and services in the Asia Pacific region. Paladyne appointed Eric Royer as the new Regional Director of Paladyne Asia with responsibility for managing all aspects of Paladyne's Asian business operations.

Paladyne, led by Mr. Royer, provides alternative asset managers in Asia Pacific with a standardized and integrated front-, middle- and back-office solution which is scalable, cost effective and improves transparency. The PALADYNE® suite is available either as a local install or as a hosted Application Service Provider (ASP) solution. Paladyne, in combination with its extensive partnership network, is uniquely positioned to service managers in the region who are either launching new funds or who have established businesses and are looking for improved technology and cost reduction.

"The Asia Pacific region is an exciting growth area for the alternative investments industry, and Paladyne is well positioned to service funds of all sizes at the most efficient cost possible," said Sameer Shalaby, CEO of Paladyne Systems. "Eric, with his in-depth knowledge of the region, has the insight, experience and leadership to locally support and expand our client base, establish relationships with complementary vendors and grow Paladyne's presence in the region."

Prior to joining Paladyne, Mr. Royer served as Managing Director of Tradar Asia and established their Hong Kong office. Mr. Royer managed all local operations for Tradar Asia including sales, client support, account management, product management, quality assurance and professional services.

"Paladyne has developed an extremely comprehensive suite of products and a robust ASP solution that addresses the operational requirements of both start-up and complex Asian fund managers," said Mr. Royer. "Paladyne's order and portfolio management solution supports multiple prime broker relationships as well as managed accounts and addresses the needs of investors regarding transparency and operational control and risk mitigation."

About Paladyne Systems

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.

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