NEW YORK, NY and LONDON and HONG KONG--(Marketwire - March 22, 2011) - Paladyne Systems, Inc., the leading provider of next generation investment management solutions, today announced that Paladyne FastStart™, an all-in-one solution for small and growing hedge funds that was launched in late 2010, is experiencing record growth in the Asia-Pacific region. Paladyne also outlined plans to expand its Hong Kong presence to meet this strong demand.
Since Paladyne FastStart™ was introduced in Asia-Pacific 15 clients have signed-up for this unique bundled offering. Firms implemented include Paridon Asia, Instinct Capital, and Gen2 Partners.
"After our due diligence process we found Paladyne FastStart™ to be the solution for us that was capable of handling the complexity of our strategies, as well as the growth we anticipate in the coming months," explained Robert van Paridon, CEO of Paridon Asia, a Singapore-based Asian macro hedge fund.
"We are delighted that Paladyne FastStart™ has resonated so profoundly as an industry standard solution for fund managers in the Asia-Pacific region," said Sameer Shalaby, CEO of Paladyne. "We have recently hired five new employees and have plans to continue our aggressive expansion with the addition of a further ten employees to our Hong Kong office in 2011."
About Paladyne FastStart™
Paladyne FastStart™ is an easily deployable ASP-delivered solution that combines Paladyne's front-to-back technology platform, with operational and IT support, and is designed to reduce cost and improve operational efficiency and control.
About Paladyne Systems
Paladyne Systems, Inc. (www.paladyne.com) is the leading provider of next generation investment management solutions. Paladyne offers its integrated front-, middle- and back-office platform, known as the Paladyne Suite™, to hedge funds, asset managers, fund administrators, and prime brokers. The modular Paladyne Suite™ includes order management, portfolio management, reference data management, data warehouse reporting and reconciliation, and is complemented by the Paladyne Network™, which is comprised of a number of preferred strategic partnerships with leading software and market data firms. The solution can be delivered onsite or via Paladyne's industry-leading application service provider solution, Paladyne ASP™. Paladyne was established in 2005 and now serves over 140 clients worldwide. The firm has approximately 160 employees, and is headquartered in New York, with regional offices in New Jersey, London, Russia, and Hong Kong.
Contact Information:
Sales Contacts
Neil Sullivan
Paladyne Americas (New York) Sales
+1 (646) 214-3726
nsullivan@paladyne.com
Eric Royer
Paladyne Asia-Pacific (Hong Kong) Sales
+852 6206 9153
eroyer@paladyne.com
Jonathan Cross
Paladyne EMEA (London) Sales
+44 (0) 20 3375 8015
jcross@paladyne.com
Media Contacts
Lisa Jane O'Neil
1-212-786-7629 or 917-361-8303
lisajane@ljoassociates.com