Epitome will implement the PALADYNE ASPâ¢ offering, a fully-hosted solution including software, hardware, database maintenance, IT and disaster recovery services. Paladyneâs hosted platform may be accessed remotely by each of Epitomeâs office locations and will serve as a centralized global services platform. The PALADYNE ASP platform also enables Epitome to expand its service offering by providing direct client access to Paladyneâs front- and middle-office tools including order management, real-time P&L and portfolio management, data warehousing, custom reporting and performance analysis.
âWe selected Paladyne due to the breadth of its product offering, state of the art technology, and highly scaleable ASP platform. Paladyneâs ASP solution enables us to be up and running in production in a very short timeframe with minimal up-front investment,â said Raju Panjwani, Founder and CEO of Epitome Global Services. âWe anticipate significant growth as well as consolidation in the hedge fund and mutual fund administration, and we are confident that Paladyne will scale and support our growth plans.â
âThe Epitome value proposition is extremely compelling for hedge funds and we are excited to be their technology partner,â said Sameer Shalaby, Chief Executive Officer of Paladyne Systems. âHedge funds are clearly moving more and more toward outsourcing solutions, and Epitome is well-positioned to capture significant market share by leveraging their knowledgeable, lower cost India- and North Carolina-based resources in combination with our comprehensive product and services offering.â
Paladyne and Epitome are currently implementing the PALADYNE product suite and expect to have production clients by Q1 2007.