Paladyne Systems Opens Client Services Operations Center in Fort Lee, NJ, to Support Expanding Client Base

NEW YORK, NY and FORT LEE, NJ– 21 August 2007

Paladyne Systems, Inc., a leading provider of alternative investment solutions, today announced the establishment of a Client Services Operations Center in Fort Lee, New Jersey, to enhance and streamline the on-going support requirements of its expanding client base and to add capacity to the company’s New York City headquarters.

The 5,000 square foot space in Fort Lee’s Executive Park will hold approximately 50 professionals focused predominantly on client help desk, technical services, and operational support. The opening of the services center is in response to an increase in the overall demand for the PALADYNE™ suite, an integrated front – to back-office hedge fund solution available either as a local installation or as a full-service application service provider (“ASP”) offering. The PALADYNE suite is a modular set of software applications covering the areas of trading, portfolio management, data warehousing, custom reporting, reference data management, and portfolio accounting through Paladyne’s partnership with Advent Software to host and distribute Advent Geneva®.

“In response to the increased demand for our products and services, we built our Client Services Operations Center to ensure our ability to provide the highest quality support to our expanding client base,” said Sameer Shalaby, CEO of Paladyne Systems. “The proximity to New York and Connecticut coupled with direct access to the New Jersey resource pool, educational centers, and technology infrastructure make Fort Lee an ideal location for expanding our services offering.”

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