SOURCE: Paladyne


September 08, 2009 08:00 ET

ING Global Investment Strategies Selects Paladyne's ASP Platform

Fully Integrates Front-, Middle-, and Back-Office Solution

NEW YORK, NY and SAN FRANCISCO, CA and LONDON--(Marketwire - September 8, 2009) - Paladyne Systems, Inc., a leading provider of technology and services to the global hedge fund industry, today announced that ING Global Investment Strategies has successfully implemented the PALADYNE® product suite as its front-, middle-, and back-office solution. ING Global Investment Strategies licensed Paladyne's ASP ("Application Service Provider") platform, a combined software, hosting and managed IT solution. ING Global Investment Strategies also licensed Advent's Geneva® as its global accounting engine, and Paladyne completed the implementation of Geneva® in combination with the PALADYNE® suite of products.

ING Global Investment Strategies implemented the full PALADYNE® product suite beginning with Paladyne Security Master® and Paladyne Price Master® as its centralized reference data management solution for security terms and conditions, corporate actions, and pricing. Advent's Geneva® was implemented as the general ledger in combination with Paladyne Analytics Master® for data aggregation, custom reporting, and automated reconciliation. Lastly, Paladyne Portfolio Master® was introduced as a new trade capture and real-time profit and loss system consolidating FIX messages from external trading systems onto a centralized trade blotter for automated trade allocation and intra-day reporting. The existing integration of the Paladyne products with Geneva® provides ING Global Investment Strategies with a seamless straight-through processing solution.

By leveraging Paladyne's ASP offering combined with their managed IT resources and existing market data vendor relationships, ING Global Investment Strategies was able to go into production in a very short timeframe and at a significantly lower total cost of ownership as compared to an in-house solution.

"We are pleased to partner with ING Global Investment Strategies as a strategic ASP client with comprehensive operational, compliance, and reporting requirements," said Sameer Shalaby, CEO of Paladyne Systems. "ING Global Investment Strategies completed a complex audit of our hosting facilities as part of their mandatory IT due diligence process and realized that the usage of our data center facilities and hosted platform to run their business met their operational requirements."

About Paladyne Systems

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, 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
    time series analysis of prices and market data from any third-party

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