Epitome Global Services Selects Paladyne as its Global Technology Platform

New York, NY - 13 December 2006

Paladyne Systems, LLC today announced that it has licensed its PALADYNE™ product suite to Epitome Global Services (“Epitome”), a global provider of value-added financial services to investment banks, securities firms, and asset managers. Epitome has introduced a unique business model by combining highly trained offshore resources with a comprehensive service offering including financial and quantitative research, middle and back-office operations and accounting support services, and traditional fund administration. Epitome has licensed the complete PALADYNE suite of front-, middle, and back-office products which includes the ASP version of Advent Geneva®, a global portfolio accounting and investor reporting system.

Epitome will implement the PALADYNE ASP™ offering, a fully-hosted solution including software, hardware, database maintenance, IT and disaster recovery services. Paladyne’s hosted platform may be accessed remotely by each of Epitome’s 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 Paladyne’s front- and middle-office tools including order management, real-time P&L and portfolio management, data warehousing, custom reporting and performance analysis.

“We selected Paladyne due to the breadth of its product offering, state of the art technology, and highly scaleable ASP platform. Paladyne’s ASP solution enables us to be up and running in production in a very short timeframe with minimal up-front investment,” said Raju Panjwani, Founder and CEO of Epitome Global Services. “We 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.”

“The Epitome value proposition is extremely compelling for hedge funds and we are excited to be their technology partner,” said Sameer Shalaby, Chief Executive Officer of Paladyne Systems. “Hedge 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.”

Paladyne and Epitome are currently implementing the PALADYNE product suite and expect to have production clients by Q1 2007.

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