Quintillion has implemented the PALADYNE ASPâ¢ solution, a fully-hosted offering including software, hardware, database maintenance, IT and disaster recovery services. Paladyneâs hosted platform may be accessed remotely from each of Quintillionâs global office locations and is fully-integrated with Quintillionâs local installation of Advent GenevaÂ® in Dublin. By leveraging PALADYNE ASP, Quintillion may 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.
âIn order to realize our vision of streamlined middle- and back-office administration and technology services, we needed to complement our Advent GenevaÂ® software with PALADYNEâs integrated suite of products,â said Joan Kehoe, Chief Executive Officer of Quintillion. âWe plan to grow our business significantly and with the Paladyne partnership, we now have tremendous scalability and flexibility to expand the scope of our services and provide technology infrastructure directly to our customers.â
âWe are excited to partner with experienced industry veterans that understand the challenges facing fund administrators today,â said Sameer Shalaby, Chief Executive Officer of Paladyne Systems. âWe are confident that Quintillion has the right team, business model, and investor support to execute on their vision of becoming a leading global fund administrator. We are excited that our product suite is an integral part of Quintillionâs infrastructure enabling them to service hedge funds of any size and complexity, from start-up funds to multi-strategy global institutions,â he said.
Paladyne and Quintillion are working together to integrate their product offerings and expect to have clients in production by year-end.