Paladyne Systems Hires Chief Financial Officer and General Counsel

New York and London - 7 November 2007

Paladyne Systems, Inc., a leading provider of alternative investment solutions, today announced that it has appointed Steve G. Vogel as Chief Financial Officer and General Counsel overseeing finance and administration, legal matters, corporate and project finance, accounting, treasury and human resources. Mr. Vogel brings over 20 years of industry experience to Paladyne Systems working at start-up to mid-sized companies in the software and high tech industries both domestically and internationally including Canada, Europe, Japan, India, and Singapore.

“Steve's industry expertise and leadership make him an invaluable and welcome addition to Paladyne’s executive team at this important time in the company's life cycle,” said Sameer Shalaby, Chief Executive Officer of Paladyne Systems. “Steve’s extensive business, financial and legal experience has contributed significantly to the success of a number of companies in the enterprise software arena. We expect that his broad knowledge base will greatly enhance Paladyne’s leadership position in this fast-growing hedge fund marketplace.”

Prior to joining Paladyne, Mr. Vogel founded Sanguinity LLC, a consulting firm specializing in the restructuring of domestic public and private entities. Mr. Vogel has held CFO and General Counsel positions at Chordiant Software, Inc (NASDAQ: CHRD), Tessera, Inc. (TSRA), iLogistix, and Microbank Software, Inc. Mr. Vogel has an MBA from Wharton, an LLM from New York University, and a JD from Arizona State University. He is a member of the New York Bar and holds a CPA and a CMA. Mr. Vogel will operate out of Paladyne’s new Operations Center in Fort Lee, New Jersey.

“Paladyne is an impressive software company with an incredible vision and exceptional growth," said Mr. Vogel. "I am excited to join such a strong team so focused on serving this demanding hedge fund marketplace.”

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